DIS Jun 2024 145.000 call
- Yahoo Finance Video
Pixar to lay off 14% of staff as Disney looks to cut costs
Pixar Animation Studios is laying off about 14% of its workforce as Disney (DIS) seeks cost-cutting measures and scales back on content made for streaming. This move comes after Disney executed a wave of layoffs last year in an attempt to boost profitability. Yahoo Finance's Seana Smith and Brad Smith report more on the story and what it means for the media giant's future. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
- LA Times
Pixar layoffs are underway. About 175 jobs are being cut
Famed animation studio Pixar is laying off 14% of its staff as part of a round of cutbacks that had been signaled in January.
- Reuters
Comcast prices Peacock, Netflix, Apple TV+ streaming bundle at $15 a month
The new bundle, StreamSaver, is a "companion to broadband" and offers savings of more than 30% to customers, Comcast Cable CEO David Watson said at the J.P. Morgan Technology, Media and Communications Conference. Customers can also combine StreamSaver with Comcast's newest offering "NOW TV", which includes more than 40 streaming channels, for $30 per month.
