More than 125,000 US-based Walt Disney Company staff will receive a one-off $1,000 cash bonus as a result of president Donald Trump’s tax reforms.
Payments will be paid in two tranches, the first in March and the second in September.
The theme park, cruise, film and media giant also pledged to invest $50 million into a new education scheme designed to cover tuition costs for almost 88,000 hourly employees.
After the initial investment of $50 million, Disney will provide up to $25 million in annual funding going forward.
The two new initiatives are a result of the recently enacted tax reform and represent a total allocation of more than $175 million in the current financial year.
Walt Disney chairman and chief executive Robert Iger said: “I am proud we are directing approximately $125 million to our cast members and employees across the country and making higher education more accessible with the launch of this new programme.
“I have always believed that education is the key to opportunity; it opens doors and creates new possibilities. Matched with the $1,000 cash bonus, these initiatives will have both an immediate and long-term positive impact.”