Walt Disney Company Archives - Media City Groove

Saturday, July 11, 2026

Photo: FLLewis / Media City G -- Walt Disney Studios entrance on Buena Vista Street Burbank April 12, 2018

By Public News Service Saturday, July 11, 2026

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Disney among more than 80 corporations getting huge tax breaks

USA/Tax Breaks— By Eric Galatas, producer, Colorado News Connection, a bureau of Public News Service. A new report from the consumer advocacy organization Public Citizen showed 88 corporations, reporting a combined $105 billion in pretax income last year, paid no federal income taxes after spending $852 million on political campaigns and lobbying. Eileen O’Grady, researcher for Public Citizen, said […]

Tuesday, April 14, 2026

By Fronnie Lewis Tuesday, April 14, 2026

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Disney begins laying off hundreds of employees

ENTERTAINMENT/Layoffs— The new Disney CEO calls it “streamlining” our operations. No matter what you call it. Hundreds of employees are losing their jobs, and that’s downright painful. Some reports say the number is as high as a thousand people being let go. CEO Josh D’Amaro reportedly sent a memo to employees this morning announcing the layoffs were underway and that […]

Saturday, August 9, 2014

By Fronnie Lewis Saturday, August 9, 2014

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Disney inside trader sentenced to prison

A San Francisco man out to make a quick profit is now facing a prison sentence for insider trading involving the Disney deal to buy Marvel Entertainment. Disney scooped up Marvel back in 2009 for $4 billion. Last April, Toby G. Scammell pleaded guilty to one count of securities fraud stemming from his purchase pf more than 600 call options of Marvel […]

Monday, March 24, 2014

By Fronnie Lewis Monday, March 24, 2014

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Disney buys Maker Studios for $500 million

Disney announced today it’s shelling out $500 million for the YouTube Network, Maker Studios. If certain performance targets are met the deal gets sweeten by $450 million. Not bad for a company that started back in 2009. Maker Studios is an online video network with some impressive stats: More than 55,000 channels, 380 million subscribers, and 5.5 billion views per month […]

Friday, December 13, 2013

By Fronnie Lewis Friday, December 13, 2013

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News & General Info

Disney makes major donation to aid typhoon victims in the Philippines as death toll rises

Disney makes a big commitment to help typhoon victims in the Philippines, while new figures are out today on the human toll of that disaster. The government in the Philippines has upped the death toll from 4-to-6,000 and the number of missing to nearly 1,800. Typhoon Haiyan, considered one of the most powerful storms to ever make land, flattened or […]

Tuesday, August 6, 2013

By Fronnie Lewis Tuesday, August 6, 2013

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Disney takes a hit from “The Lone Ranger” flop

“The Lone Ranger” seriously under-performed movie theaters and that is going to cost Disney dearly. Since opening in the U.S. on July third, the western has made only $87 million, added to the global take — the total is $175 million. Box Office Mojo puts the production cost at $215 million and then there are those extra millions spent on […]