Disney To Stop Using Salesforce's Slack After Data Breach

RTTNews | vor 27 Tagen
Disney To Stop Using Salesforce's Slack After Data Breach

(RTTNews) - Walt Disney Co. said it will no longer use Slack, owned by Salesforce, Inc., for in-house company communication after a data breach leaked company data to the public, reports said citing a company memo.

Disney Chief Financial Officer Hugh Johnston stated that most of Disney's business units will move away from Slack usage by the end of next fiscal quarter.

Disney said it had already begun to transition to new internal streamlined enterprise-wide collaboration tools. But, official notification to employees and cast members were issued in the memo.

The decision was taken after more than 1 terabyte of company data reached public following a hack on Slack server. Slack is a cloud-based team communication platform developed by Slack Technologies, owned by Salesforce.

The data hack reportedly included a range of financial information, computer codes and details about unreleased projects. The leaked data consisted of more than 44 million messages, around 18,800 spreadsheet files and 13,000 PDFs.

Following the incident, Disney in August informed its investors that the data breach was not expected to have a material impact on the company's operations or financial performance.

Salesforce CEO Marc Benioff, during an interview with Bloomberg at its annual Dreamforce conference, had stated that its security is rock-solid, and urged companies also to take the right measure to prevent phishing attacks and to lockdown their employees' social engineering.

Benioff also noted then that Disney continues to use Salesforce products in Disney store, Disney guides, sales and service operations and its call centers.

read more
Disney Pulls ABC, ESPN From DirecTV In Dispute

Disney Pulls ABC, ESPN From DirecTV In Dispute

Walt Disney Co. has pulled its ABC stations, ESPN and other cable networks from DirecTV's offering after the companies failed to reach a new licensing agreement, impacting millions of customers. The entertainment major urged DirecTV to finalize a deal that would immediately restore the programming. Meanwhile, DirecTV blamed Disney for the dispute, noting that DIRECTV, DIRECTV STREAM, and U-verse
RTTNews | vor 44 Tagen
Disney Lifts FY24 Earnings Growth View As Q3 Beats Market; But Stock Drops

Disney Lifts FY24 Earnings Growth View As Q3 Beats Market; But Stock Drops

Media and entertainment major Walt Disney Co. on Wednesday raised its fiscal 2024 adjusted earnings growth target after reporting a significant profit in its third quarter, compared to prior year's loss. Adjusted earnings for the quarter also topped market estimates on higher revenues. Meanwhile, Disney shares were losing around 4.1 percent on the NYSE..
RTTNews | vor 70 Tagen
Disney's ESPN, FOX, Warner Bros. Discovery To Launch Streaming Sports Service

Disney's ESPN, FOX, Warner Bros. Discovery To Launch Streaming Sports Service

Media companies ESPN, a subsidiary of Walt Disney Co., along with FOX and Warner Bros. Discovery are joining together to launch a streaming sports service in the United States in the fall of 2024. The companies have reached an understanding on principal terms to form a new joint venture to provide sports content all in one place outside of the traditional bundle.
RTTNews | vor 253 Tagen
Disney Cancels Plans For New Florida Campus

Disney Cancels Plans For New Florida Campus

Disney has canceled its plans to develop a new employee campus in Florida and to relocate thousands of employees in an apparent feud with Florida Gov. Ron DeSantis, reports said citing a memo to employees. Josh D'Amaro, chairman of Disney's parks, experiences and products division, said the decision was taken amid changing business conditions.
RTTNews | vor 517 Tagen
Disney To Cut 7,000 Jobs, Sees $5.5 Bln Cost Savings; To Reinstate Dividend

Disney To Cut 7,000 Jobs, Sees $5.5 Bln Cost Savings; To Reinstate Dividend

Walt Disney Co. announced plans to cut 7,000 jobs worldwide as part of its restructuring efforts to save billions in costs. The planned layoffs represent around 3.6 percent of Disney's global workforce. Chief Executive Officer Bob Iger, during the company's first-quarter earnings call, said the restructuring would help the firm save $5.5 billion in costs.
RTTNews | vor 616 Tagen