In July of 2023, recently returned Disney CEO Bob Iger shocked the media industry by indicating he might be open to divesting the company’s declining linear assets. By last fall, he’d changed his mind, declaring them not for sale. On interviews and earnings calls since, he’s explained why — most recently at the MoffettNathanson media
Bob Iger
Disney CEO Bob Iger said the company will limit its output of Marvel movies to “two good films” a year — three maximum — from about four and also cut the numbers of TV series spinoffs for the franchise. Speaking on a conference call with analysts Tuesday after quarterly numbers, Iger took questions about the
Bob Iger took a victory lap this morning, a day after the company fended off activist investor Nelson Peltz in a fierce proxy battle. In an interview on CNBC, he said the fight had one positive, getting the company in closer touch with investors as it lobbied for its board slate. He said succession is
Disney CEO Bob Iger blames the pandemic effect as part of the reason for the dismal box office results on The Marvels. Speaking at a New York Times business summit earlier this week, Iger said the studio needs some revitalization. ″The Marvels was shot during Covid,” he explained. “There wasn’t as much supervision on the
EXCLUSIVE: Bob Iger finally had his wish come true Wednesday. “I’m elated,” the Disney CEO told Deadline tonight in his reaction to the deal between SAG-AFTRA and the studios. “It’s been, as you know, a long summer in this town and it’s an industry that really needs to get back to work and wants
ESPN saw revenue of $13.2 billion and operating income of close to $1.5 billion for the first nine months of fiscal 2023, Disney revealed ahead of earnings next month when it plans to break out Sports as its own business segment — part of a restructuring initiated by CEO Bob Iger. In comparison, the entire
UPDATED with details of Byron Allen bid. As Deadline reported Thursday, Byron Allen is interested in Disney’s linear TV assets, and overnight that interest progressed to a formal offer. Sources familiar with the discussions said Allen late Thursday offered $10 billion for ABC, Disney’s eight local TV stations, FX and the National Geographic Channel. Bloomberg
Paul Finebaum, an ESPN contributor for a decade, is weighing in on the layoffs that saw about 20 on-air personalities exit the sports network. “It’s pretty tough, and I say that loving my job and loving the company,” Finebaum said during an appearance on The Marchand and Ourand Sports Media Podcast. “But it was the
Bonjour, Insiders. Jesse Whittock here to guide you through a whirlwind week in film and television. Cannes is nearly over, while we’ve got the latest twist in the ongoing U.S. labor disputes, which could have worldwide ramifications. Read on and don’t forget to subscribe here. No Assurance Of Insurance Broken bonds: Andreas broke one of the
“So today, I stand here before you very, very unemployed,” admitted Harlem creator Tracy Oliver today in her speech USC School of Cinematic Arts graduates. “ “Yup, I’m this year’s Mary Pickford recipient and I ain’t got no jobs, my Apple deal was just suspended, I can’t make money as a writer for however long
Disney has eliminated a small business unit focused on exploring the metaverse, part of its initial efforts to reduce its workforce by about 7,000 employees. About 50 workers were part of the group dedicated to “next-generation storytelling and consumer experiences.” The elimination of the unit, first reported by The Wall Street Journal, was confirmed to
Disney came out swinging Tuesday against Trian Partners and owner Nelson Peltz, the activist investor who’s pushing a proxy fight to take a seat Disney’s board. “The current board is the right board for Disney shareholders,” the company said in a filing today with the SEC. “Nelson Peltz does not understand Disney’s business and lacks
Disney’s newly returned CEO Bob Iger said employees currently working a hybrid schedule will be asked to spend four days a week on-site as of March 1, targeting Monday through Thursday as in-person workdays, saying it’s his “belief that working together more in-person will benefit the Company’s creativity, culture, and our employees’ careers.” “I’ve been
AMC got its meme back Thursday, with the stock surging 27% at its high on heavy volume, way outpacing the broader market and other publicly traded theater chains. The jump was its biggest since May as the stock revisited its days as huge chatroom favorite. Volatility is a hallmark of meme stocks with others like
Death, taxes, and films that bomb at the box office. Such is life in Hollywood, and at the end of the day, the estimated $147M loss which is expected for Disney Animation’s Strange World isn’t spilt milk to cry over for the entertainment conglomerate. The bombing of the Thanksgiving family title, with a $28M global
Among those quite happy with the re-installment of Bob Iger as Disney’s CEO was exhibition giant, AMC’s Adam Aron, who took to Twitter in the wake of the news exclaiming, “Based on box office grosses, Disney is the biggest film maker of any movie studio. Bob Iger coming back to again lead Disney as its
Disney stock faded more than 1% on the second day of Bob Iger’s return engagement as CEO, reflecting investors’ divergent outlooks on the media giant’s prospects Shares in the Dow component finished at $96.21, down 1.4% on more than twice the normal trading volume. The downbeat session made Disney one of the few laggards in
Dancing with the Stars‘ first season on Disney+ has come to end! So much change has already been announced going into tonight’s season 31 finale. First, judge Len Goodman and Cheryl Burke have called it quits. Then, Disney gave Bob Chapek the heave-ho and rewarded Bob Iger with his old CEO seat. A desperate plea