Disney and Netflix have reached an expansive licensing agreement bringing Disney content to Netflix's 325+ million subscribers, including the five 'Ice Age' films, 'Percy Jackson and the Olympians,' and series like 'Will Trent' and 'Felicity.' The deal serves Disney's dual goal of monetizing content and promoting upcoming releases through promotional windows on Netflix.
Disney President Dana Walden acknowledged multiple rounds of layoffs throughout the year, attributing them to restructuring efforts to centralize operations and improve agility as the company faces competition from tech-focused competitors. She emphasized that Disney must reorganize to survive and thrive in an evolving business landscape.
Former Disney CEO Bob Chapek says he hasn't spoken to predecessor Bob Iger since being ousted in November 2022 and doesn't expect to talk with him in the future. Chapek, who took over as CEO in February 2020 during the COVID-19 pandemic, was removed after five months despite a board contract extension, and has since written a memoir to reclaim his narrative after feeling Iger damaged his reputation.
A reporter attempting to boycott Disney over its removal of Jimmy Kimmel Live! discovered the company's vast media footprint makes complete avoidance nearly impossible, controlling streaming services, broadcast networks, film franchises, sports channels, and theme parks.