American animation studio, subsidiary of Disney
Spider-Man: Brand New Day has opened with a record domestic debut, while The Odyssey leads the global box office, underscoring a year of mega releases. The industry is buoyed by premium formats and high ticket prices, even as overall audiences lag behind pre-pandemic levels.
Disney has struck a first-of-its-kind pilot deal with TikTok to allow fan-made videos using Disney and Pixar IP in Disney+ Vert s, with a U.S. rollout followed by other markets. The initiative marks a shift toward creator-led content and expands Disney’s short-form strategy amid flatlining traditional box office for some titles.
Disney has launched another round of staff reductions, with hundreds of layoffs concentrated in human resources and technology amid CEO Josh D’Amaro’s push to consolidate divisions and reduce costs. The move follows earlier rounds and underscores a broader strategy to streamline operations and invest in growth. The company is also reorganizing its TV and entertainment units to align with a streaming-driven strategy.