Analyst Reups Apple–Disney Tie-Up Idea as Reports Flag Up to 1,000 Disney Job Cuts
Reports point to back-office cuts with little effect on theme park visits.
Overview
- Following Apple's CEO succession news this week, Needham analyst Laura Martin urged Apple to partner with or buy Disney.
- Apple named hardware chief John Ternus as its next CEO, with Tim Cook set to become executive chairman on September 1.
- Apple has made no offer for Disney, and coverage describes Martin's call as an outside recommendation rather than an active deal.
- Variety reported Disney is preparing up to 1,000 layoffs that target marketing and other corporate roles, and the company has not confirmed the plan.
- Other studios, including Sony Pictures Entertainment, have cut jobs as higher fuel costs tied to the Iran conflict and broader economic pressures squeeze media budgets.