Roundup Newswires

Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network

Disney announces 7,000 layoffs while teasing Toy Story and Frozen sequels

Posted on February 8, 2023 by Admin

Cuts represent an estimated 3.6% of Disney’s global workforce in effort to save $5.5bn in costs and follow major job losses at other top US companies

Disney has announced a sweeping corporate restructuring that will result in 7,000 people losing their jobs as part of an effort to achieve US$5.5bn (£4.5bn, A$7.9bn) in cost savings, at the same time as revealing plans for sequels to Toy Story and Frozen.

The layoffs represent an estimated 3.6% of Disney’s global workforce and come after major job cuts at other US giants including Alphabet, Amazon, Ford and Meta.

Netflix and Disney to shut down productions due to Covid-19 but Frozen sequel to arrive early to streaming

Posted on March 14, 2020 by Admin

Disney chief says animated film will provide ‘fun and joy during challenging period’ while company halts production on live-action movies

Walt Disney will fast-track the release of the Frozen sequel to its streaming platform in a bid to spark “fun and joy” during the coronavirus outbreak, while at the same time joining US streaming giant Netflix in shutting down some of its productions.

The company said on Friday that Frozen 2 would be available on its digital streaming platform Disney+ from Sunday in the US, three months earlier than scheduled. The film, released in cinemas last year, is the sequel to its 2013 animated blockbuster.