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Chat platform Discord filed confidentially for an initial public offering in the United States, Bloomberg News reported on Tuesday, citing people familiar with the matter. The U.S. IPO market regained momentum in 2025 after nearly three years of sluggish activity, but hopes for a stronger rebound were tempered by tariff-driven volatility, a prolonged government shutdown and a late-year selloff in artificial intelligence stocks. Deliberations are ongoing and the company could decide not to proceed with a listing, the report said. A Discord spokesperson told Bloomberg “the company’s focus remains on delivering the best possible experience for users and building …

Want to use Discord from next month? You’ll have to hand over a photo of your ID or a scan of your face to verify you’re of age. It’s part of a new process introduced by the chat app aimed at ensuring no one underage is using the platform. All new and existing users, the company says, will be given a “teen-appropriate experience” by default, including content filtering and limited access to spaces that host adult content. To regain the experience they previously had, users will need to prove their age through one of several options, including video selfies or sharing a photo of an identity document. (Discord did not immediately respond to Fast Company’s request for co…

The year is quickly coming to an end, and that means tech platforms are tripping over themselves to roll out their year-end recaps—all hoping to capture the virality that Spotify’s Wrapped year-in-review recap commands each year. Already in December, we’ve seen Spotify Wrapped, Apple Music Replay, Amazon Music Delivered, and YouTube Recap, with more, like the popular Snapchat Recap, set to debut in the coming weeks. One of those debuts has occurred today, as well. Popular chat platform Discord has now released its personalized Wrapped-like recap: Discord Checkpoint. Here’s what to know about it and how to view yours. Discord announced Discord Checkpoint 2025 Di…

The Walt Disney Company has agreed to pay a $10 million civil penalty as part of a settlement to resolve allegations it violated child privacy laws, the Justice Department said on Tuesday. A federal court order in the case involving Disney Worldwide Services Inc and Disney Entertainment Operations LLC also bars Disney from operating on YouTube in a manner that violates the Children’s Online Privacy Protection Act, the department said. The order requires Disney to create a program that will ensure it properly complies with the privacy law on YouTube in the future, it added. The law requires websites, apps, and other online services aimed at children under 13 to…

A jury on Monday quickly and completely rejected a man’s claim that Disney’s Moana was stolen from his story of a young surfer in Hawaii. The Los Angeles federal jury deliberated for only about 2 ½ hours before deciding that the creators of Moana never had access to writer and animator Buck Woodall’s outlines and script for Bucky the Surfer Boy. With that question settled, the jury of six women and two men didn’t even have to consider the similarities between Bucky and Disney’s 2016 hit animated film about a questing Polynesian princess. Woodall had shared his work with a distant relative, who worked for a different company on the Disney lot, but the woman testified du…

Last week, Disney briefed the press on how it’s bringing the entire Hulu catalog into its Disney+ app, with a dedicated tab for accessing Hulu’s more adult-oriented fare. But despite all the headlines you might’ve seen about the Hulu app shutting down, Disney says it’s not happening anytime soon, if at all. According to Disney, the company has no timeline for getting rid of the dedicated Hulu app, and will continue to sell stand-alone Hulu subscriptions. The company still sees Hulu as an important part of its streaming strategy, serving as a catchall for content that doesn’t fall under tentpole Disney brands such as Star Wars and Marvel. Outside of the United States, …

The Walt Disney Company’s stock price soared on Wednesday, up by 10% at the time of publishing, as the company surpassed earnings expectations and unveiled its first new theme park development in 15 years. Following Disney’s second quarter earnings report, the entertainment giant announced an agreement to build a new resort and theme park in Yas Island, United Arab Emirates. “As our seventh theme park destination, it will rise from this land in spectacular fashion, blending contemporary architecture with cutting edge technology to offer guests deeply immersive entertainment experiences in unique and modern ways,” Disney CEO Bob Iger said in a statement. While…

The Walt Disney Company posted first-quarter earnings Wednesday that beat on the top and bottom lines, but it also revealed the start of predicted streaming subscriber losses at its Disney+ service. The service lost 700,000 subscribers over the final three months of 2024, which is the first quarter of Disney’s fiscal year 2025. The media and entertainment giant had warned during its fiscal fourth-quarter report in November that it expected a “modest decline” in core subscribers during the first quarter of 2025. Hulu picks up the streaming slack Total paid Disney+ subscriptions currently rest at 124.6 million, compared with 125.3 million at the end of the fisca…

Disney reported $22.46 billion in revenue for the quarter, which just missed analyst expectations and resulted in a 5% drop in premarket trading on Thursday. The entertainment division—which includes the company’s streaming, linear networks, and theatrical business—saw a 6% drop in revenue. Streaming did see some gains: Disney+ and Hulu ended the quarter with 196 million subscriptions, an increase of 12.4 million subscribers from the previous quarter. However, Disney’s linear networks dropped 16% to $107 million, compared to this time last year, while operating income fell 21%. The company’s theatrical releases also saw declines with both the drop in linear …

Mickey Mouse, welcome to the AI era. Fans will soon be able to create short-form generative AI videos featuring more than 200 Disney, Marvel, Pixar, and Star Wars characters thanks to a three-year agreement that The Walt Disney Co. inked Thursday with OpenAI. In addition to a $1 billion equity investment in the tech company, Disney will become the first major content licensing partner on OpenAI’s Sora app. The new collaboration offers an opportunity for Disney to “extend the reach of our storytelling” through AI, Bob Iger, Disney’s CEO, said in a statement. “Bringing together Disney’s iconic stories and characters with OpenAI’s groundbreaking technology puts imagi…

It’s certainly been a spooky week for the Walt Disney Co. and Google. The two corporations are in the midst of a carriage dispute that has resulted in a blackout of Disney’s networks on Google-owned YouTube TV, leaving viewers unable to access popular channels including ESPN and ABC. Disney began notifying viewers on October 23 about the dispute and warning that its networks could be removed from the pay-TV streaming platform. All of that came to a head in the last 48 hours as the two parties failed to come to an agreement on a new deal, and YouTube TV began removing Disney’s networks about 30 minutes before the previous carriage deal expired at midnight Eastern t…

For the past six years, Josh D’Amaro has overseen experiences, such as theme parks and cruises, at the Walt Disney Company. Starting March 18, he’ll add the rest of the company to his responsibilities. Disney has tapped D’Amaro as its new chief executive officer, taking the reins from Bob Iger and becoming just the ninth person to run the century-old entertainment giant. D’Amaro won a highly competitive race for the job, fending off Disney’s entertainment co-chairman, Dana Walden. Walden will remain with the company in the newly created position of president and chief creative officer. In becoming CEO, D’Amaro also becomes the public face of Disney, a role th…

Walt Disney’s new headquarters in New York is like a city contained within a single block. By the end of this summer, around 5,000 people will work from within the stately 1.2-million-square-foot skyscraper, and the company ambitiously designed it to create a sense of flexibility and appeal for every single one of them. [Photo: Dave Burk/Disney] That’s a tall order, because the entertainment corporation’s portfolio is more diverse than ever. Today Disney’s work includes studio films and theme parks, but also broadcast news, radio, podcasts, streaming, digital media, and magazines. The media roster, largely based in New York, includes ABC News, ESPN, Hulu, and talk…

Hello again, and thank you for reading Fast Company’s Plugged In. In 2013, David Min came to Disney CEO Bob Iger with a big idea. Min, a founding partner at Disney’s investment arm, Steamboat Ventures, was now head of innovation for the entire company. He had concluded that something fundamental needed to be done about Disney’s relationship with the tech industry. “We—meaning The Walt Disney Company—didn’t really have a very good reputation at the time for working with startups,” he remembers. Tech accelerators such as Y Combinator, 500 Startups, and Techstars were changing how high-potential concepts got their shot at becoming thriving businesses. Min thought Dis…

During Milan Design Week—which encompasses Salone del Mobile, a furniture fair now in its 63rd edition, and Fuorisalone, the exhibitions held off-site—the Lombardian city transforms into a spritz-fueled celebration of all things design. Historic villas open their doors to become showrooms for new products and furniture, interior designers and architects flex their creativity in site-specific installations, and emerging practitioners debut work to an international audience that is eager to discover fresh, exciting ideas. And let’s not forget the brands. Milan Design Week has transformed from an interiors-focused event into a significant platform for fashion, auto…

At the Consumer Electronics Show in early January, Razer made waves by unveiling a small jar containing a holographic anime bot designed to accompany gamers not just during gameplay, but in daily life. The lava-lamp-turned-girlfriend is undeniably bizarre—but Razer’s vision of constant, sometimes sexualized companionship is hardly an outlier in the AI market. Mustafa Suleyman, Microsoft’s AI CEO, who has long emphasized the distinction between AI with personality and AI with personhood, now suggests that AI companions will “live life alongside you—an ever-present friend helping you navigate life’s biggest challenges.” Others have gone further. Last year, a leaked…

What really holds people back from stepping up as allies in support of their marginalized colleagues? For example, why don’t more men say something when they see a colleague or a customer make a sexist remark about a female co-worker? Our research, published in the European Journal of Work and Organizational Psychology, suggests that people often hesitate to intervene when co-workers are mistreated because they themselves feel disempowered in their organizations and experience distrust and polarization. Our findings run counter to the common assumption that people don’t step up to support marginalized colleagues because they don’t care or are unmotivated. Not seei…

I keep coming up against a logical fallacy in strategy that I feel compelled to address. The logic holds that when a company has a shareholder-unfriendly component of its portfolio—e.g. the business in question is cyclical, or it is low-growth or low margin—the company should diversify to make that business less-shareholder unfriendly. I take on the fallacy in this Playing to Win/Practitioner Insights (PTW/PI) piece entitled Diversification Can’t Disappear a Strategy Problem: It Just Creates a Different Problem. And as always, you can find all the previous PTW/PI here. The argument The usual motivator of this argument is cyclicality: We have a cyclical business, an…