Pixar is laying off up to 5% of 1,200 employees after pushing back the release of “The Good Dinosaur” to November 2015. The film was supposed to arrive next May. Disney released a statement saying that Pixar is constantly re-evaluates their creative and business needs.
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The Walt Disney Company Posts
Disney has created this viral video of Grumpy Cat meeting Grumpy of Snow White And The Seven Dwarves. This video is part of Disney’s ad campaign “Disney Side.” The Disney Side campaign encourages users to share their experiences with Disney using the #DisneySide hashtag on Twitter, Facebook, and other social media services. Check out the video above.
Hulu is close to naming Fox executive Mike Hopkins as the CEO of the company, according to sources with Bloomberg. Hopkins’ position is currently the president of distribution at Fox Networks. He will be replacing Hulu acting CEO Andy Forssell. Hopkins is experienced in negotiating with pay TV services.
The Walt Disney Company (NYSE:DIS) is shutting down the Pixar animation studio in Vancouver, which was opened 3 years ago. Operations will be rerouted to Pixar HQ in Emeryville, California. The studio shut-down will affect around 100 jobs and the closure is effective immediately.
John Lasseter, the film director, screenwriter, producer, and chief creative officer at Pixar and Walt Disney Animation Studios has accepted the “Disney Legends” award on behalf of the late Apple co-founder and CEO Steve Jobs.
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The Walt Disney Company subsidiaries Lucasfilm and Pixar have settled a lawsuit that involves them in being a part of a consortium of Silicon Valley companies to not poach workers from rival companies, according to a bier order released by U.S. District Judge Lucy Koh. Judge Koh said that she received a letter from lawyers in the case disclosing that the two companies settled their part of a contested case, which leaves five companies in the litigation.
At the AllThingsD D11 conference, Walt Disney Theme Parks and Resorts chairman Thomas Staggs, said that the MagicBand device will allow theme park visitors will be able to make purchases and reservations. The MagicBands will be rolled out over the next few months after a two-year pilot program. The MagicBands will be integrated with the MyMagic+ service.
The high-quality video streaming content website Hulu is not for sale, but they are still receiving offers. AllThingsD is reporting that several potential acquirers have reached out to Hulu’s corporate parent companies, but they have not made a formal offer yet.