ESPN to Cut 500 Jobs
Walt Disney Co.’s ESPN is reducing its workforce by about 10% through a combination of layoffs and attrition of employees, including remote workers, according to a person familiar with the matter. The cuts come as […]
AMC Eyes Reopening
AMC Entertainment Holdings Inc., the world’s largest movie-theater chain, registered a $2.2 billion net loss in the first quarter, underscoring the devastating economic blow the pandemic has had on the exhibition industry.
AMC saw “virtually no […]
TikTok Names Top Disney Executive CEO
The Walt Disney Company’s top streaming executive, Kevin Mayer, resigned on Monday to become the chief executive of TikTok the app for making and sharing short videos that has exploded in popularity during the coronavirus […]