Kevin Mayer, head of The Walt Disney Company’s direct-to-consumer and international business, is departing to become CEO of TikTok, as well as COO of the popular video app’s parent company ByteDance. Founder Yiming Zhang will continue to serve as ByteDance CEO, while TikTok President Alex Zhu (formerly the co-founder of the predecessor app Musical.ly) becomes…
UFC 249, which was scheduled to go ahead despite all other sporting events shutting down, has finally been canceled. Despite UFC President Dana White telling everyone the fight would happen, he was closed down by Disney. As of now, all UFC events are on hold. Dana White isn’t the type to quietly accept what he’s…
Investors added more than $20 billion to Disney’s market cap on news that its streaming service surpassed 50 million subscribers. That’s not nearly enough to offset the revenue losses its parks segment will suffer as a result of coronavirus. It’s unclear whether the bulk of those subscribers will quit once lockdowns have lifted. This week…
We finally know just about how many subscribers Hotstar has amassed over the years in India. “Approximately 8 million.” Disney said on Wednesday that its eponymous streaming service now has over 50 million subscribers, nearly 8 million of whom are in India, where it launched its service atop Hotstar less than a week ago. Five-year-old Hotstar…
The Walt Disney Company just announced that its streaming service Disney+ has more than 50 million subscribers. The service launched less than five months ago, and apparently had 28.6 million subscribers as of February 3. These “paid subscriber” numbers include subscribers who are bringing in revenue for Disney but are not paying for the service…
Disney said on Friday that it is postponing the launch of its eponymous streaming service in India, one of the largest entertainment markets, after the biggest local attraction, Indian Premier League (IPL) cricket tournament, was rescheduled due to the coronavirus outbreak. The company, which is launching the streaming service in India through its local streamer…
Disney’s IP licensing efforts have been wildly successful. Sean Shaptow, a Disney executive, said they’re ready for developers to reimagine their IPs. Now is the perfect time for a developer to make a Mickey Mouse game that’s marketed at adults. Disney has quietly found massive success by licensing out its vast catalog of IPs to…
Hotstar, a lesser-known Disney-owned service which has earned a name for itself setting global streaming records, is about to have a very busy next few months. Disney plans to bring its on-demand streaming service Plus in India through Hotstar on March 29, a little sooner than expected, the company said Tuesday. In an earnings call with…
The Walt Disney Company just announced that its streaming service Disney+ has 26.5 million paying subscribers — ahead of the already impressive 25 million predicted by Wall Street analysts. Disney+ launched on November 12 and is not yet available globally. The day after the launch, the company said the service already had more than 10 million…
Walt Disney’s grandniece lashed out at the lately dead Kobe Bryant on Twitter Wednesday. “The man was a rapist. Deal with it.” The Disney Company heiress said, “some time needed to pass before weighing in.” Yeah, maybe more than four days, Abigail. Kobe isn’t even buried yet. Walt Disney’s grandniece, Abigail Disney, tweeted a shocking…
