Tag: The Walt Disney Company

"I try to put myself in his shoes – I’ve got this great deal, I’ve got this creative control, I can say whatever I want, but now I’m going to go over to [Disney], who [is laying] off 7,000 employees and is probably going to have their hands in everything that I do?”

“We had it on the air yesterday, and NASCAR has maybe fallen in popularity in many places, but that was a nice crowd out there yesterday.”

“While these actions are never easy, they are a necessary step to ensure we’re on solid footing for the years ahead as we chart a sustainable, growth-oriented path forward for the entire organization.”

“Leaders will be communicating the news directly to the first group of impacted employees over the next four days."

A cost-cutting endeavor of $5.5 billion by the company is the driving force behind the decision.

“Everything is on the table right now, so I am not going to speculate whether we are a buyer or a seller of it."

Pitaro will oversee all "sports content, products and experiences across all of Disney’s platforms worldwide, including its international sports channels".

Bob Iger has stated that the job cuts are part of a broader plan to make Disney's streaming business profitable and save $5.5 billion in costs.

Author and syndicated radio personality Bill O’Reilly discussed Disney’s future on his “No Spin News” podcast as changes have come to the company.

During a Twitter thread Sunday, Loeb said he now "has a better understanding of ESPN's potential as a standalone business and another vertical for Disney to reach a global audience to generate ad and subscriber revenues".