The cuts come as Disney continues to cut costs in an attempt to save money and stem losses from its streaming business. Walt Disney Co.’s television division is laying off about 2% of its workforce, or 140 people, as the Burbank media and entertainment giant continues a companywide cost-cutting plan. The cuts at Disney Entertainment Television will primarily affect National …
When Walt Disney Co. reports second-quarter earnings Wednesday afternoon, all eyes will be on streaming, but not for the usual reasons. Investors will be looking for the entertainment giant to show meaningful progress cutting losses in its direct-to-consumer business, which includes flagship streaming service Disney+, as well as other platforms such as Hulu, ESPN+ and India’s Hotstar. But as losses …
