Disney weighs sweeping layoffs, with thousands of jobs at risk as CEO Josh D'Amaro targets 20% cost cutsWalt Disney is reportedly considering cutting thousands of jobs as part of a cost-saving restructuring initiative. The company's leadership...
Global Market: Japan's Nikkei falls 3% as AI spending concerns hit chip stocks; BOJ holds ratesJapanese shares fell sharply as concerns over the profitability of AI investments sparked a global technology sell-off. The Nikkei 225 drop...
The Netflix story: Job cuts, exits, sinking stock, and the battle for viewership. A plot twist that isn't on screenNetflix faces a turbulent chapter as it grapples with stagnant subscriber growth and a notable drop in viewing hours. Recent high-stakes re...
US stocks: US market ends down sharply; worries about AI trade and high oil prices weighWall Street faced a sharp decline on Friday as AI-related technology stocks came under renewed pressure. Concerns regarding debt-laden AI i...
- US stocks: S&P 500 muted as AI concerns hit chip stocks; bank gains lift Dow
The S&P 500 showed little movement as semiconductor stocks decreased due to AI-related concerns and market pressures. Gains in banking stoc...
After teen suicide lawsuits, Character.ai enters bankruptcy—Why is Disney bidding $20 million for its technology?Character.ai said selling the company under court supervision would offer the best chance to protect value for its stakeholders. CEO Colin ...
Character.AI files for bankruptcy, agrees to sell some assets to Disney for $20 millionCharacter.AI said on Monday it had filed for Chapter 11 bankruptcy in the US and agreed to sell some of its assets to Walt Disney for $20 m...
Fortnite-maker Epic Games makes 'huge pivot' with AI, CEO saysFortnite-maker Epic Games is making a "huge pivot" towards using artificial intelligence (AI) to boost video game development, CEO Tim Swee...
VisionQuest OTT release date and platform details: When and where to watch the final MCU show before Avengers: DoomsdayMarvel is bringing back two familiar MCU characters in VisionQuest, a new series that continues the story of Vision after the events of Wan...
Disney Layoffs: Why is Disney cutting hundreds of jobs again under CEO Josh D’Amaro amidst future plans?Disney is undergoing significant staff reductions as newly appointed CEO Josh D’Amaro announces layoffs affecting hundreds of workers. Most...
Disney internal memo hints at upcoming layoffs as legal chief talks about 'hard choices'; job cuts may start next weekDisney is revamping its legal and global affairs department, which could lead to layoffs. Chief Legal Officer Horacio Gutierrez has noted t...
Meta unveils its ‘most advanced device yet’: VR Glasses priced at $1,300, launching in Spring 2027Meta has announced the release of its latest product, the Meta VR Glasses, scheduled for spring 2027. The glasses will weigh about 100 gram...
'Just look at Kodak or Blockbuster': Former Disney and DreamWorks chief Jeffrey Katzenberg says Hollywood must embrace AI or risk irrelevanceJeffrey Katzenberg is optimistic about artificial intelligence transforming the film industry and enhancing storytelling techniques. He poi...
What’s behind Disney’s appointment of its first company-wise CTO Karandeep Anand?Anand comes from Character.AI, generative AI startup Disney accused of copyright infringement in September 2025.
Disney names Character.AI's Karandeep Anand its first tech chiefWalt Disney on Friday named outsider Karandeep Anand its first chief technology officer, as AI and sweeping industry consolidation disrupt ...
Pocket Entertainment crosses $500 million revenue run rate, says AI is reshaping content creationPocket Entertainment has achieved a $500 million revenue run rate, showing significant growth. Pocket FM, its audio drama platform, drives ...
Ambani's JioHotstar begins operations in UK, Canada & Singapore targetting millions of Indians abroadJioHotstar, India’s largest streaming platform, is expanding internationally for the first time, launching in the UK, Canada and Singapore ...