Main to remember
- The Walt Disney Co. would have dismissed around 200 employees, just under 6% of the combined staff of its group ABC news and its Disney entertainment network units.
- According to The Wall Street JournalAn announcement will be made to employees on Wednesday.
- Disney is, as the rest of the entertainment industry, struggling with the cord cut and the decline in the audience of the wired networks while its streaming platform has experienced a quarter drop in subscribers.
The Walt Disney Co. (Say) Locked around 200 employees, just under 6% of the combined staff of their group ABC new ABC and Disney entertainment network units, according to a new report The Wall Street Journal.
According to The newspaperWho quoted people familiar with the issue, an ad will be made to employees on Wednesday. The report indicates that ABC News magazine shows “20/20” and “Nightline” is consolidated in a single unit. The newspaper Also reports that the network cuts the political information site and based on 538 data as well as a production team at “Good Morning America”. There will be job cuts in programs planning and planning the Disney Entertainment Networks, which houses the FX cable chain, according to the report.
Disney did not immediately respond to a request for comments. The actions of the company are almost stable in the preheating exchanges on Wednesday. The newspaper said the newsletter Status “He first reported that cuts came to ABC News.”
Disney is, as the rest of the entertainment industry, struggling with the cord cut and the drop in the audience of cable networks while its Disney + streaming platform has seen subscribers fall quarter-sur-le-de-party just like that of the dominant Netflix platform (Nflx) prosperous and Increase prices. The company has published quarterly results better than estimated last month Although Disney + subscribers have slipped from the previous quarter. The company said it expects a “modest decrease” of subscribers to the streaming platform in the second quarter.
Disney shares are down 4% in the past 12 months to Tuesday, while those from Netflix have increased by almost 60%.