Walt Disney Company

China-Owned TikTok Names Disney Exec as CEO

TikTok, the Chinese-owned social media platform that has reached massive popularity with American teens, has poached from the upper ranks of the Walt Disney Company to find its new CEO.

TikTok video app

Nolte: 7,700 Media Jobs Slashed This Year

Business Insider reports 7,700 people lost their media jobs this year, which is more — a lot more — than the 5000 who lost their media jobs over the four years between 2014 – 2017.

In original photo, President Donald J. Trump talks with reporters along the South Lawn of the White House Wednesday, Oct. 31, 2018, prior to boarding Marine One to begin his trip to Fort Myers, Fla. (Official White House Photo by Joyce N. Boghosian)

Netflix Misses Subscriber Mark for Second Straight Quarter

Netflix saw disappointing domestic subscriber growth for the third quarter, signaling rougher waters ahead as the streaming giant braces itself for competition from the Walt Disney Company and Apple. This is the second straight quarter in which Netflix has missed its subscriber growth projections.

BOGOTA, COLOMBIA - OCTOBER 09: Netflix CEO Reed Hastings speaks during Netflix Slate Event 2018 at JW Marriot on October 9, 2018 in Bogota, Colombia. (Photo by Daniel Muñoz/Getty Images for NETFLIX)

Disney Earnings Take a Hit Following ‘Dark Phoenix’ Bomb

Not even the superheroes of the Marvel universe could shield the Walt Disney Co., which took a surprising blow to its earnings this week as the studio contended with its monster Fox acquisition as well as losses from Fox’s Dark Phoenix, the latest X-Men movie that was a major box-office bomb.

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