Shares of Walt Disney Co. DIS, +0.63% fell 0.4% in premarket trading Wednesday, after Bloomberg reported that the media and entertainment giant was planning to lay off thousands of employees next week
The stock market has been off to a hot start so far in 2023. All four major U.S. stock indices are higher so far on the year, while the Nasdaq's 15.75% return is more than double the next-best perform
Florida lawmakers introduced a new amendment Tuesday to dissolve a controversial development agreement between Walt Disney World and the special district that oversees it.
Disney has revealed that the expenditure of its European theme park design division accelerated during the pandemic and hit a record $51.5 million (€47 million) last year as Disneyland Paris forged

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Disney's CEO aims for more than $5 billion in cost savings as part of his plan to spur growth. Chewy recently reported its first ever full year of profit.
The special district's board will meet Wednesday and could discuss new changes.
Disney World no longer requires annual passholders to make park reservations for visits after 2 p.m., as long as it's not a weekend trek to the Magic Kingdom.
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Disneyland announced its first-ever "Pride Nite" at its California theme park -- just hours after Florida Gov. Ron DeSantis took another shot at the entertainment conglomerate in the Sunshine State.
The company says state officials previously reviewed its comprehensive plan for development near Orlando.
ORLANDO, Fla. — Gov. Ron DeSantis and Florida lawmakers ratcheted up pressure on Walt Disney World on Monday by announcing legislation that will use the regulatory powers of Florida government to
Florida Gov. Ron DeSantis (R) announced new planned measures against Walt Disney World Monday, including legislation that would overturn a controversial development agreement the company enacted.
Elaine Low at The Ankler joins 'Power Lunch' to discuss Netflix's live streaming troubles, streaming providers expanding to provide live programmings, and expectations for Netflix's earnings numbers.
Disney: Exhuming The Management Culture Overdue For Real Change
Florida Gov. Ron DeSantis said the state legislature will seek to void Disney's development deal.
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