Disney says it is laying off several hundred more people around the world, with workers in its film, television and finance departments impacted.
One of Scotland's most important cinemas has set a date for its reopening, three years after it was almost lost for good.Edinburgh's Filmhouse will open its doors again on 27 June, after a lengthy campaign to save and refurbish it and guarantee its future.
Originally opened in a repurposed church in 1978, the cinema was shuttered following the collapse of its parent charity Centre for the Moving Image.Since then, the building has undergone a £2m refurbishment that has seen a complete internal refit to the public areas and screens, and "substantial" repairs to the roof and stonework.The venue will boast a total capacity of 350 seats and the former three-screen cinema will now offer a fourth, seating 24, for private screenings.
A-listers from the film world got behind the campaign to save the well-loved cinema, including patrons Jack Lowden and Charlotte Wells and supporters Dougray Scott, Brian Cox, and Emma Thompson.When the cinema opens, it will show a programme of films missed during the venue's almost three year closure.
Lowden, whose film credits include Dunkirk and the upcoming Tornado, said the reopened cinema would provide a lift to Scotland's film-makers and storytellers.
"Filmhouse is a place utterly dedicated to the promotion and celebration of independent cinema," he said.The firm reported stronger than expected earnings in May, with overall revenue of $23.6bn for the first three months of the year. That was a 7% increase from the same period in 2024.
It said the growth was fuelled by new subscribers to its Disney+ streaming service.The company has released a number of new films this year including Captain America: Brave New World and Snow White.
The live action remake of the iconic Snow White animated film did not perform as well as expected at cinemas,But Disney's latest release, Lilo & Stitch, broke box office records in the US for the Memorial Day holiday weekend.