logo
episode-header-image
Feb 2023
10m 22s

Disney to axe 7,000 jobs

Financial Times
About this episode

Disney plans to cut 7,000 jobs to reduce costs, the UK competition regulator said Microsoft’s acquisition of video game maker Activision Blizzard would harm competition for UK gamers, and the seventh-generation leader of a European banking dynasty is taking the family’s company private. 


Mentioned in this podcast:

Disney to axe 7,000 jobs in $5.5bn cost-cutting plan

UK regulator deals blow to Microsoft’s $75bn Activision deal

Activision Blizzard chief: UK would lose out if it blocks Microsoft deal

‘You can’t be half pregnant’: Why Rothschild is calling time on the public market

Download the FT Edit app here: ft.com/ftedit


The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. 


Read a transcript of this episode on FT.com



Hosted on Acast. See acast.com/privacy for more information.

Up next
Yesterday
Quantitative easing is under the microscope
Donald Trump has said Israel and Hamas have agreed the first step in his plan for a Gaza ceasefire, and Washington wants its companies exempt from EU climate rules. Plus, Chinese customs agents are going after a wide range of US semiconductor tech, and central bankers around the ... Show More
10m 46s
Oct 8
Carmakers are falling back in love with petrol
A UBS fund has 30 per cent of its portfolio tied to the failed First Brands Group, and carmakers across much of the world are scaling back on electric vehicle plans. Plus, international investors are returning to China’s start-up scene, in addition to assets across emerging marke ... Show More
11m 25s
Oct 7
OpenAI’s circular deals
EU governments have agreed to limit the travel of Russian diplomats, analysts are worried about a flurry of circular AI deals, and France lost another prime minister after less than a month in office. Plus, why the weaker dollar is helping big US exporters, while domestic-focused ... Show More
10m 53s
Recommended Episodes
Jan 2023
Money Talks: Can Disney rekindle the magic?
The Walt Disney Company turns 100 years old this week. But the silver screen success that helped it become the world’s biggest entertainment company will not be enough to keep it on top for another century. As households swap cable packages for streaming, and kids turn to gaming, ... Show More
41m 26s
Jan 2023
Money Talks: Can Disney rekindle the magic?
The Walt Disney Company turns 100 years old this week. But the silver screen success that helped it become the world’s biggest entertainment company will not be enough to keep it on top for another century. As households swap cable packages for streaming, and kids turn to gaming, ... Show More
41m 26s
Apr 2023
Disney's duel with DeSantis drags on
Disney accuses Ron DeSantis of organising a campaign of "government retaliation" as it launches a lawsuit against the Florida Governor and other state officials. Devina Gupta finds out how this court battle might play out. As UK Regulators block the multi-billion dollar deal betw ... Show More
27m 24s
Jun 2023
FTC May Seek Restraining Order to Block Microsoft, Activision Deal
P.M. Edition for June 12. The FTC plans to seek a restraining order that would block Microsoft and videogame publisher Activision Blizzard from closing their $75 billion deal. Plus, JPMorgan reaches a $290 million settlement over its ties to Jeffrey Epstein. Banking reporter Davi ... Show More
17m 45s
Aug 2023
Microsoft makes new bid to unblock Call of Duty deal
Microsoft has made a new bid to buy Call of Duty-maker Activision Blizzard in the latest twist in the tale of what would be the biggest deal of its kind in the gaming industry. Its original $69bn (£59bn) deal was blocked by UK regulators, but under the new offer Microsoft has agr ... Show More
27m 21s
Jan 2022
Money Talks: Moonshooters
This week Microsoft announced its biggest ever deal, spending $69bn on games publisher Activision Blizzard to advance its ambitions in gaming and the metaverse. The world’s most powerful tech companies are racing to splash their cash on frontier technologies. We crunch the number ... Show More
31m 43s
May 2024
Why are so many people in gaming losing their jobs?
Epic Games. Microsoft. Riot Games; owners of the biggest computer game titles in the world and part of a gaming industry which has been valued at $200 billion. That’s more than the music and entertainment industry combined. It’s not all plain sailing though.Epic Games, which crea ... Show More
14m 52s
Apr 2021
Daily: How Britain’s Wolf of Wall Street crashed and burned
What kind of person crashes a £3.6bn business, shattering the life savings of 400,000 people? When Britain’s most famous fund manager Neil Woodford went down in flames in 2019 it was a personal humiliation for a “rock star investor” that the City thought was infallible. Owen Walk ... Show More
24m 26s