Disney

Disney Searching for New CEO

CompuScoop Staff August 23, 2024 2

In November of 2022, Bob Iger returned as CEO, replacing Bob Chapek after just 11 months of being away from Disney. At the time, it was said that Bob Iger would only be in the role for a limited amount of time. Now, Disney is officially starting the hunt for a new CEO.

To find the new CEO, Disney has hired James P. Gorman to oversee the search. Recently, Gorman oversaw the succession process at Morgan Stanley.

“James is a highly respected leader, and we’ve asked him to serve as the new Chair of the Succession Planning Committee given his deep succession planning experience and long-term strategic mentality,” said Parker, who most recently served as the Committee’s Chair. “Succession planning is a top priority of the Board, and I am eager to continue collaborating with James on the Committee as we advance the important work we have already been doing to identify and prepare the next CEO of The Walt Disney Company.”

Gorman will lead a committee that will include Disney’s directors Mary T. Barra and Calvin R. McDonald. All members of this new committee to find someone to replace the Disney CEO have direct experience in CEO and senior leadership succession planning for Fortune 500 companies.

Report: Disney+ Hacked and Private Data Leaked online

CompuScoop Staff July 16, 2024 0

Website Cord Cutters News is reporting that a report on Disney+ being hacked by a group called Nullbulge that states that the group has hacked the streaming service and leaked 1.2 terabytes of information from Disney’s internal communications run through Slack.

According to the data, they accessed Disney’s company chat system, which includes messages from employees at ESPN, Hulu, and Disney+.

The group of hackers said they are upset with how Disney handled its negotiations with artists last year, how it uses AI, and its customers. This is according to a statement the group sent to The Wall Street Journal.

According to The Wall Street Journal, the data includes conversations from Disney employees about corporate website maintenance, software development, assessments of potential new employees, and even personal data like photos of employee’ dogs.

The group also recently posted information about Disneyland Paris, which included revenue data.

Via: Cord Cutters News

Disney invests $1.5B in Epic Games

CompuScoop Staff February 8, 2024 2

Entertainment conglomerate Disney has announced plans to invest $1.5 billion for an "equity stake" in gaming conglomerate Epic Games. The financial partnership will also see both companies "collaborate on an all-new games and entertainment universe that will further expand the reach of beloved Disney stories and experiences," according to a press release issued late Wednesday.

A short teaser trailer announcing the partnership promises that "a new Universe will emerge," allowing players to "play, watch, create, [and] shop" while "discover[ing] a place where magic is Epic."

Via: ARS Technica

Disney World temporarily shuts down public WiFi inside Magic Kingdom

CompuScoop Staff October 2, 2021 0

Following extensive strain on the Walt Disney World backend systems, Disney has decided to turn off in-park Guest WiFi. We first noticed that there were struggles with connectivity early this morning when virtual queues were activated to assist with merchandise demand. From there, connectivity was spotty throughout the morning into the early afternoon. Then, the WiFi was cut off. According to multiple BlogMickey.com sources and Cast Members in the park, the decision to turn off in-park WiFi was made to mitigate issues with the ongoing use of the virtual queue, but that Disney is looking to bring WiFi back online.

Guests in the park might experience intermittent connectivity this afternoon into the evening as Disney works to resolve the issue.

Via: Blog Mickey