Tag: Chapek’s

Bob Chapek’s Metaverse Division Cut in Disney Layoffs

March 28, 2023

Bob Chapek’s metaverse dream is dead at Disney. The entertainment giant shuttered its nascent metaverse division as part of Monday’s layoffs, The Hollywood Reporter has confirmed. This week’s layoffs are the first round of cuts from CEO Bob Iger as he seeks to streamline the entertainment giant. Iger announced the cuts March 27 in an

Don't miss

Entertainment

Tencent Music Posts 7.3% Q1 2026 Revenue Jump, Points to Triple-Digit Live Growth and Continued Superfan Expansion

May 13, 2026 0

A live performance from Jay Chou, whose Children of the Sun is said to have generated about $14.7 million on Tencent Music during Q1 2026. Photo Credit: GEM_Ady Amid a continued SVIP expansion and a triple-digit revenue boost on the concerts side, Tencent Music Entertainment (TME) has reported nearly $1.2 billion in Q1 2026 revenue.

Business News