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Analyst Reups AppleDisney 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.