WOODFORD BRENT sold $388K of DIS

Pixar Animation Studios announced Jonathan Garson will become president on January 4, replacing Jim Morris, who will step back from day-to-day leadership. Garson will oversee production and operations, while Pete Docter remains Chief Creative Officer. Morris will take a president emeritus role and continue work on select projects. Pixar is owned by Disney (DIS), which acquired it in 2006. The studio's films have generated over $12 billion globally during Morris's tenure.

Disney (DIS) reaffirmed its target for double-digit adjusted EPS growth in fiscal 2027, excluding fiscal 2026’s extra week. The company is considering job cuts to achieve annual savings of up to 20%, with funds allocated for content, technology, parks, and cruises. Disney+ may bid for French Ligue 1 broadcast rights for 2027–2032, with bids due December 3. Fiscal fourth-quarter results are due November 17.

Disney plans to cut thousands of jobs and reduce costs by 20%, according to sources. CEO Josh D’Amaro and CFO Hugh Johnston mentioned cost-cutting in August. Disney had 231,000 employees at fiscal 2025's end. Other entertainment firms like Netflix and Skydance are also reducing headcounts.

Disney is reportedly planning another round of layoffs, its fourth this year. According to Bloomberg, the cuts will affect thousands of employees and aim for 20% annual savings. CEO Josh D'Amaro intends to allocate savings to film, TV, tech, theme parks, and cruises. Disney has projected double-digit growth in adjusted earnings per share this fiscal year.

Walt Disney Co. plans to cut thousands of jobs, with managers targeting 20% annual cost savings. CEO Josh D'Amaro aims to reinvest savings in film, TV, and parks. This follows earlier rounds of cuts in 2024 and 2023. Disney faces challenges from AI, weaker box office revenue, and streaming competition. The company employed about 231,000 people at the end of fiscal 2025.

Disney (DIS) is considering cutting thousands of jobs and targeting 20% in annual cost savings, according to Bloomberg. CEO Josh D'Amaro aims to reinvest savings in film, TV, technology, and theme parks. The company has been reducing its workforce for years, with recent cuts in HR, technology, and other sectors.