ESPN will lay off both on-air talent and management as part of Disney's cost cutting efforts, sources say.
Disney is slashing costs under CEO Bob Iger as it tries to boost free cash flow as streaming losses persist. ESPN is interested in renewing a contract with the National Basketball Association and will likely have to pay a significant premium
rights fee it already pays the league. Renewal discussions with the NBA are already taking place, according to a person familiar with the matter.ESPN laid off Disney reorganized earlier this year, and ESPN will release its financials as its own division for the first time. The change will offer a clearer window into ESPN's business.WATCH: Disney eliminates metaverse division as part of layoffs plan
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DeSantis seeks to control Disney with state oversight powersGov. Ron DeSantis and Florida lawmakers are ratcheting up pressure on Walt Disney World. They announced on Monday plans to introduce legislation that would end an exemption for Disney parks, allowing the Florida Department of Agriculture and Consumer Services to inspect Disney rides. The announcement is the latest in a tit-for-tat between Disney and the governor that started last year when the entertainment giant publicly opposed the state’s so-called “Don’t Say Gay” legislation. In retaliation, Florida lawmakers passed, and DeSantis signed, legislation reorganizing Disney World’s company-controlled government, allowing the governor to appoint the five members of the Board of Supervisors instead of Disney.
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