Walt Disney (DIS) Stock News

Disney is planning to cut hundreds of jobs and consolidate divisions as part of a restructuring of its television operations, according to the Wall Street Journal.

Bob Chapek, in his first on-the-record interview about his Disney CEO tenure, says Bob Iger relentlessly campaigned to undermine him from the day of the transition, making his ouster inevitable. Chapek's memoir 'Behind the Castle Walls' details Iger's cold demeanor at the joint CNBC interview, the New York Times column where Iger reasserted control during Covid, Iger's approval of the harsh statement against Scarlett Johansson, and the Don't Say Gay tweet that forced Chapek to apologize. Chapek calls his firing after one earnings miss absurd, noting the board had extended his contract five months earlier.

Dow falls 205 points as Walmart, IBM, Home Depot weigh; Disney gains.

Disney is raising prices across its streaming services. The ad-free Disney+ plan increases 13% to $21.49 per month, matching Hulu's ad-free hike. Bundle prices rise as well, except the ad-supported bundle stays flat. New subscribers face higher prices immediately; existing subscribers will see changes next month.