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☆ Disney technology executive Aaron LaBerge to leave company for personal reasons
▼ + stars: | 2024-04-22 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

The Walt Disney company logo is displayed on the floor of the New York Stock Exchange during morning trading on Dec. 1, 2023. Aaron LaBerge, the chief technology officer for Disney Entertainment and ESPN, is leaving the company, according to an internal memo. LaBerge is leaving for personal reasons related to his family and will stay on at Disney until June, the memo said. At ESPN, LaBerge has been a central figure behind the company's streaming services, including ESPN+, the upcoming sports streaming application co-owned by Disney, Warner Bros. They include former CEO Bob Chapek, former head of streaming Kevin Mayer, ex-finance chief Christine McCarthy, former Walt Disney Studios Chairman Alan Horn, former Disney general counsel Alan Braverman, ex-head of communications Zenia Mucha, and former president of Walt Disney Pictures, Sean Bailey.

Persons: Aaron LaBerge, LaBerge, He'll, He's, Bob Chapek, Kevin Mayer, Christine McCarthy, Alan Horn, Alan Braverman, Zenia Mucha, Sean Bailey, Aaron, Jimmy Pitaro, Dana Walden, Alan Bergman, Chris Lawson, Paul Allen Organizations: Walt Disney, New York Stock Exchange, Disney Entertainment, ESPN, PENN Entertainment, ESPN Bet, Disney, Hulu, Warner Bros . Discovery, Fox, Walt Disney Studios, Walt Disney Pictures, ESPN BET, Company, Starwave

☆ Disney beat back activist investor Nelson Peltz. Now the real work begins
▼ + stars: | 2024-04-04 | by ( Alex Sherman | ) www.cnbc.com time to read: +8 min

That would mark a milestone for the company, which launched Disney+ on Nov. 12, 2019. It would be the first time Disney showed it can make money from Disney+, Hulu and ESPN+. Disney will need to sustain and grow streaming profit to justify Iger's five-year-old strategy to go "all in" on the segment. Disney has already offered ESPN+, a sports streaming service that has some but not all of ESPN's content. Trian Partners' Nelson Peltz, who failed to join Disney's board Wednesday after securing just 31% of the vote, publicly questioned what he has called Disney's "woke" content strategy.

Persons: Bob Iger, Sun Valley , Idaho David A, Iger, Disney, they've, Cowen, Doug Creutz, Needham, Laura Martin, Gabby Jones, David Greenbaum, Sean Bailey, Alan Bergman, Indiana Jones, Nelson Peltz, Peltz, shouldn't, Bob Chapek, He'll, Bergman, Jimmy Pitaro, Josh D'Amaro, Dana Walden, They've, Cowen's, you've, That's, it's, — CNBC's Sarah Whitten, Needman's Martin Organizations: Disney, Allen & Company Sun Valley Conference, Grogan, CNBC Disney, Disney Disney, Hulu, ESPN, Co, Warner Bros . Discovery, Fox, CNBC, Athletic, Bloomberg, Getty, Marvel, Star Wars, Searchlight, Walt Disney Motion, Disney Entertainment, Century Fox, Sony, Disney's Marvel Studios, Trian Partners, Financial Times, Resorts, Iger Locations: Sun Valley , Idaho, Brooklyn , New York, Iger, Parks, Disney

☆ How Dana Walden could defy critics and become Disney's first female CEO
▼ + stars: | 2024-04-01 | by ( Alex Sherman | ) www.cnbc.com time to read: +22 min

The appointment would make Walden the first female CEO of the Walt Disney Co. in its 100-year history. "Anybody they choose will have never been the Disney CEO prior to that." At Disney, Walden has hit several home runs, including FX's "The Bear," Hulu's "The Dropout" and "Only Murderers in the Building," and ABC's "Abbott Elementary." Former Disney CEO Bob Chapek CNBCChapek climbed the corporate ladder at Disney for 30 years by showcasing his business and finance chops. Combating female stereotypesIf Walden were appointed CEO, she would be the first woman to run the century-old company.

Persons: Dana Walden, Disney Entertainment Rich Polk, Peter Chernin, Rupert, Walden, Bob Iger, he'd, Fox, Chernin, Peter Roth, Roth, Peter Chernin Getty, Josh D'Amaro, Jimmy Pitaro, Alan Bergman, Nelson, Peltz, Iger, Bob Chapek, Walden's, Bergman, she's, hasn't, —, Walden —, Dana doesn't, Jennifer Salke, Jennifer Salke Stephen Desaulniers, CNBC Walden, Richard Plepler, Craig Hunegs, Carol Burnett's, Carrie Hamilton, George Burns, Dean Martin, roasts, Martin, Buddy Hackett, Matt Walden, Bender, Goldman, she'd, Arsenio, Lucie Sulhany, Dana Walden Jason Laveris, Gary Newman, Newman, It's, Dana, Ryan Murphy, John Landgraf, Jan, Seth MacFarlane, Guy, Tuck, MacFarlane, Murphy, Steve Levitan, Dan Fogelman, Rick Rosen, Rosen, Howard Gordon, Levitan, Peter Rice, Rice, wasn't, Chapek, Rich Appel, Gary, it's, Percy Jackson, didn't, Bob Chapek CNBC Chapek, showrunners, Scarlett Johansson, Kristina Schake, Jay Sures, Sures, Amazon's Salke, Greta Gerwig, Gloria, Murphy's, Miss Jones, There's, Steve Levitan Peter, Hopper, Critics, She's, Salke, WME's Rosen Organizations: Disney Entertainment, Getty, Century Fox Filmed Entertainment, Rupert Murdoch's News Corp, Walt Disney Co, Century Fox, Fox, Century Fox Television, Warner Bros, Disney, ESPN, Entertainment, CNBC, Trian Partners, Iger, Amazon Studios, HBO, Disney TV Studios, Hollywood, Westlake School for Girls, Harvard, Westlake School, The Friars Club, University of Southern, Paramount, Paramount Domestic Television, Filmmagic, Fox Broadcasting, Walden, CBS, FX Networks, Bob Chapek CNBC, Indiana University, Michigan State University, United Talent Agency, Hulu Locations: Santa Barbara , California, Walden, Brentwood , California, She's, Disney's, Studio City, Los Angeles, Las Vegas, University of Southern California, Chapek, Hollywood, Walden's, Iger, America

☆ Disney streaming salary data shows Disney+ and Hulu staffers can earn as much as $385,000 in pay. See the full list.
▼ + stars: | 2024-03-18 | by ( Ashley Rodriguez | Lucia Moses | ) www.businessinsider.com time to read: +13 min

In the paid streaming wars, where only a few players will be favored, Disney has established itself as a formidable No. Disney has been pushing a lower-priced ad tier and cracking down on password sharing to drive subscriber growth at Disney+. To see what Disney and Hulu pay for certain jobs, Business Insider analyzed recent work-visa disclosures. Most of the roles were tech jobs, including data scientist and software engineer roles. Disney Streaming — $120,000 to $385,057 a yearDisney streaming roles, not including Hulu, Disney has offered between $120,000 and $385,057 a year to some candidates on US work visas.

Persons: Bob Iger, It's, Hulu, Elaine Low, Colin Salao Organizations: Disney, Netflix, ESPN, Star, Business, Netflix's, Hulu, Disney's, Fox Corp, Warner Bros, US, of Foreign Labor, Labor, Consumer, Software Engineering, Data Engineering, Business Intelligence, Software, Account, Growth, Hulu —, Management, Security, Network, Disney Entertainment, Disney Financial Services, Human Resources Services, Workforce Technology, Engineering, Disney Parks Technology, Technology, Digital, Retail Commerce, Disney Worldwide, Walt Disney Attractions Technology, Walt Disney Parks and Resorts, Walt Disney Pictures, & $ Locations: Hulu, Disney

☆ Debra OConnell to Oversee News at Disney
▼ + stars: | 2024-02-14 | by ( John Koblin | More About John Koblin | ) www.nytimes.com time to read: +1 min

The Walt Disney Company announced on Wednesday that a longtime executive at the company, Debra OConnell, would become the president of a newly created division that will include ABC News and the company’s local stations. Image Debra OConnell will become the president of a newly created division that will include ABC News and the company’s local stations. Credit... Randy Shropshire/Variety, via Getty ImagesThe reorganization mirrors what has taken place at other network news divisions. Several executives at NBC News report to Cesar Conde, the chairman of the so-called NBCUniversal news group, a division that includes local news and cable networks like MSNBC. Wendy McMahon, the president of CBS News, also oversees local stations.

Persons: Debra OConnell, OConnell, ” Kim Godwin, Debra, ” Dana Walden, Randy Shropshire, Cesar Conde, Wendy McMahon Organizations: Walt Disney Company, ABC, America, ABC News, Disney Entertainment, Variety, Getty, NBC, MSNBC, CBS News

☆ Big M&A and Bob Iger's future: 13 media executives make their anonymous 2024 predictions
▼ + stars: | 2023-12-20 | by ( Alex Sherman | ) www.cnbc.com time to read: +14 min

Executive 2: Bob Iger will, again, extend his contract as Disney CEO Earlier this year, Disney CEO Bob Iger renewed his contract through 2026. This executive predicted "fool me five times, shame on me." This executive predicted Peltz and Rasulo will win their campaign and both join the board. This person predicted Disney would purchase privately held Candle Media to acquire Moonbug Entertainment, the owner of CoComelon. This executive predicted Yaccarino would either lose patience or find her job increasingly pointless and leave the company in 2024.

Persons: Andrew Ross Sorkin, Walt Disney Company Bob Iger, Michael M, David Zaslav, Slaven Vlasic, NBCUniversal, Brian Roberts, Roberts, Donna Langley, Bob Iger, Iger, Nelson Peltz, Jay Rasulo, Marco Bello, Peltz, Rasulo, Disney's, Dana Walden, Dana Walden Jason Laveris, Disney Entertainment Dana Walden, Walden, Bob Chapek, Andrew Wilson, Wilson, Chris Licht wouldn't, McCarthy, Andrew Wilson Michael Newberg, Kevin Mayer, Mayer, Bryan van der Beek, Tom Staggs, Staggs, Jayson Tatum, Kyle Terada, NBCUniversal's Peacock, Alec Martinez, Gray, Discovery's Max, Jeff Zucker, Lady Michelle Obama's, Michelle Obamas, Cheriss, Gerry Cardinale, Jeff Shell, RedBird, Shari Redstone's, David Ellison, Byron Trott, Zucker, Mark Thompson, Linda Yaccarino, X Linda Yaccarino, Vox, Jerod Harris, Yaccarino, CNBC's Julia Boorstin, Boorstin, Elon Musk's, Jason LaVeris, Barbie, Mario, Oppenheimer, LightShed's Greenfield Organizations: Walt Disney Company, New York Times, Santiago, Getty, Jazz, Lincoln Center, Warner Bros ., Comcast, Warner Bros, Discovery, Disney, Trian Fund Management, Future Investment Initiative, Summit, Bloomberg, Filmmagic, Disney Entertainment, Electronic Arts, CNBC, Candle Media, Iger, Media, Moonbug Entertainment, Apple Boston Celtics, Golden State Warriors, USA, National Basketball Association, NBA, Apple, The College, ESPN, College, NHL, MLB, Vegas Golden Knights, Florida Panthers, Mobile, National Hockey League, Diamond Sports Group, Scripps, Gray Television, Las Vegas Golden Knights, Arizona Coyotes, Phoenix Suns, Street Journal, Netflix, Hulu, Max, Paramount, RedBird, Paramount Global, CNN Worldwide, CNN, NurPhoto, BDT, The Ritz, Carlton, FilmMagic, Mario Bros Locations: New York City, Disney, Miami , Florida, Las Vegas , Nevada, Laguna Niguel, Dana Point , California

☆ After year of ‘fixing things,’ Bob Iger tells Disney employees his plans to reshape the company for the future
▼ + stars: | 2023-11-29 | by ( Oliver Darcy | ) edition.cnn.com time to read: +7 min

Iger has had nothing short of a full plate since retaking the throne of the Magic Kingdom last year. He’s been tasked with repositioning ESPN in a direct-to-consumer future, reversing the company’s faltering creative engine (e.g. In short, it’s been a demanding 12 months for the legendary Disney chief — something Iger was not shy about. But it is still unclear what Iger would like to do with some of the company’s declining television assets, namely ABC. “I’ve been through some difficult times and faced a lot of adversity as a company,” Iger told Disney employees, “and I know that each time we get through it.”

Persons: Bob Iger, Iger, David Muir, He’s, it’s, ” “, ” Iger, “, I’ve, he’s, Will, Muir, ”, Dana Walden, ” Walden, Jimmy Pitaro, Mickey Mouse, ” Pitaro, Pitaro Organizations: CNN, New Amsterdam Theatre, Disney, “, ABC, Magic, ESPN, Marvel Studios, Hulu, Hollywood, Walt Disney Company, ABC News, Disney Entertainment Locations: New York City, —, Israel

☆ Disney CEO Bob Iger says company is ready to start building
▼ + stars: | 2023-11-28 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +3 min

The Walt Disney Company CEO Bob Iger attends the Nominees Luncheon for the 95th Oscars in Beverly Hills, California, U.S. February 13, 2023. REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsNov 28 (Reuters) - Walt Disney (DIS.N) CEO Bob Iger told employees that he faced a "myriad of challenges" upon returning to the company but remained upbeat about its prospects. "I feel that we’ve just emerged from a period of a lot of fixing to one of building again," Iger said. The meeting marks the one-year anniversary of Iger's first town hall since rejoining the company as chief executive in November 2022. Disney has undergone a transformation under Iger, who restructured the company and streamlined operations to make the business more cost effective.

Persons: Bob Iger, Mario Anzuoni, Walt Disney, “, ” Iger, I've, Iger, Alan Bergman, Dana Walden, Jimmy Pitaro, Josh D’Amaro, Nelson Peltz, Bob Chapek, Scarlett Johansson, Florida Governor Ron DeSantis, Disney, Dawn Chmielewski, Nick Zieminski Organizations: Walt Disney Company, REUTERS, New Amsterdam Theatre, Disney Entertainment, ESPN, Walt, New York Times, Disney, Florida Governor, Thomson Locations: Beverly Hills , California, U.S, Iger's, Burbank , California, New York

☆ Disney CEO Bob Iger tells employees he wants to start building again during town hall
▼ + stars: | 2023-11-28 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Disney Chief Executive Officer Bob Iger told employees Tuesday during an internal town hall that he is looking forward to "building again" after spending 2023 mending parts of the business that "needed attention." After speaking alone for about 15 minutes, Iger was joined by Disney head of parks and resorts Josh D'Amaro, ESPN chief Jimmy Pitaro, and Disney Entertainment co-chairs Dana Walden and Alan Bergman. Disney said this month it projects to save $7.5 billion this year, largely through job elimination and content spending rollbacks. "What Bob and I have talked about is we don't just want to flip the switch," Pitaro said. "We don't want to just move our networks over and make them available over the top without significant product enhancements."

Persons: Bob Iger, Iger, David Muir, Josh D'Amaro, Jimmy Pitaro, Dana Walden, Alan Bergman, Disney's, Disney, Pitaro, Bob Organizations: Disney, ABC News, New York's, ESPN, Disney Entertainment, Pixar, Marvel Locations: New, New York's Amsterdam

☆ Jennifer Anniston, Matt LeBlanc and rest of ‘Friends’ cast pay tribute to Matthew Perry
▼ + stars: | 2023-10-30 | by ( Eric Levenson | Alli Rosenbloom | ) edition.cnn.com time to read: +9 min

NBC/Getty Images Perry, pictured circa 1985, developed an interest in acting after moving to Los Angeles when he was a teen. ABC/Disney Entertainment/Getty Images Perry co-starred in "Friends" with Matt LeBlanc, Lisa Kudrow, David Schwimmer, Courteney Cox and Jennifer Aniston. NBC/Getty Images Perry and Cox appear on "The Tonight Show with Jay Leno" in 1996. NBC/Getty Images Perry co-stars with Salma Hayek in the 1997 romantic comedy film "Fools Rush In." Julia Weeks/AP Perry enters the stage for a conversation with editor Matt Brennan during the Los Angeles Times Festival of Books in Los Angeles in 2023.

Persons: ”, Matthew Perry, Jennifer Aniston, Courteney Cox, Lisa Kudrow, David Schwimmer, Matt LeBlanc, Matthew, ” Perry, Chandler Bing, Perry, Michael Ochs, Christina Applegate, Martha Plimpton, Cox, Jay Leno, Salma Hayek, Michael Clarke Duncan, Warner, Monica, Danny Feld, Joe Quincy, Amy Stewart, Richard Schiff, Milo O'Shea, Kelly Reilly, Toby Melville, Reuters Perry, Merv Griffin, Jean, Paul Aussenard, LeBlanc, Mark J, Terrill, John Inwood, Zach Braff, John C, McGinley, Mitch Haddad, Amanda Peet, Bruce Willis, Everett, Chris Pizzello, Phil McCarten, Tom Williams, Lindsay Sloane, Michael Yarish, Ted Kennedy, James Corden, Terence Patrick, Julia Weeks, Matt Brennan, Dania Maxwell, HBO Max, “, Marta Kauffman, David Crane, Kevin Bright, Matthew’s, ’, Perry’s, Aniston, wasn’t, CNN’s Taylor Romine, Josh Campbell, Cheri Mossburg, Dan Heching, Lisa Respers Organizations: CNN, NBC, Getty, Michael Ochs Archives, Limelight, ABC, Disney Entertainment, Columbia, Warner Brothers, Bank, Comedy Theatre, Reuters, Merv Griffin Beverly Hills Country, Actors Guild, Guild of America, Los Angeles Dodgers, Capitol, National Association of Drug, Inc, CBS, Los Angeles Times Festival of, Los Angeles Times, HBO, Los Angeles Fire Department, Firefighters, Los Angeles Police Department, Angeles, Medical, Entertainment Locations: Los Angeles, Williamstown , Massachusetts, New York City, British, Chicago, London, Canada, Lisa Respers France

☆ How Matthew Perry got cast on ‘Friends’
▼ + stars: | 2023-10-29 | by ( Lisa France | Lisa Respers France | ) edition.cnn.com time to read: +8 min

NBC/Getty Images Perry, pictured circa 1985, developed an interest in acting after moving to Los Angeles when he was a teen. Michael Ochs Archives/Moviepix/Getty Images Perry and Christina Applegate were cast in the 1988 made for TV teen movie "Dance 'til Dawn." NBC/Getty Images Perry is seen in the 1995 "Friends" episode "The One with the Evil Orthodontist." NBC/Getty Images Perry co-stars with Salma Hayek in the 1997 romantic comedy film "Fools Rush In." NBC/Getty Images Perry and Cox are seen in the 2000 "Friends" episode "The One With Rachel's Assistant."

Persons: Matthew Perry, Perry, Chandler Bing, ”, Charlie Sheen, “, Sheen, —, ” Perry, Michael Ochs, Christina Applegate, Martha Plimpton, Matt LeBlanc, Lisa Kudrow, David Schwimmer, Courteney Cox, Jennifer Aniston, Cox, Jay Leno, Salma Hayek, Michael Clarke Duncan, Warner, Monica, Danny Feld, Joe Quincy, Amy Stewart, Richard Schiff, Milo O'Shea, Kelly Reilly, Toby Melville, Reuters Perry, Merv Griffin, Jean, Paul Aussenard, LeBlanc, Mark J, Terrill, John Inwood, Zach Braff, John C, McGinley, Mitch Haddad, Amanda Peet, Bruce Willis, Everett, Chris Pizzello, Phil McCarten, Tom Williams, Lindsay Sloane, Michael Yarish, Ted Kennedy, James Corden, Terence Patrick, Julia Weeks, Matt Brennan, Dania Maxwell, Matthew, didn’t, Chandler, ‘ You’ve, Seth Meyers, ’, costars Jennifer Aniston, HBO Max, ” Cox Organizations: CNN, NBC, Getty, Michael Ochs Archives, Limelight, ABC, Disney Entertainment, Columbia, Warner Brothers, Bank, Comedy Theatre, Reuters, Merv Griffin Beverly Hills Country, Actors Guild, Guild of America, Los Angeles Dodgers, Capitol, National Association of Drug, Inc, CBS, Los Angeles Times Festival of, Los Angeles Times, L.A, LAX, HBO Locations: Los Angeles, Williamstown , Massachusetts, New York City, British, Chicago, London, Canada

☆ Opinion: Why Matthew Perry was my favorite among ‘Friends’
▼ + stars: | 2023-10-29 | by ( Lee Smith | Dean Obeidallah | ) edition.cnn.com time to read: +10 min

ABC/Disney Entertainment/Getty Images Perry co-starred in "Friends" with Matt LeBlanc, Lisa Kudrow, David Schwimmer, Courteney Cox and Jennifer Aniston. NBC/Getty Images Perry is seen in the 1995 "Friends" episode "The One with the Evil Orthodontist." NBC/Getty Images Perry co-stars with Salma Hayek in the 1997 romantic comedy film "Fools Rush In." NBC/Getty Images Perry and Cox are seen in the 2000 "Friends" episode "The One With Rachel's Assistant." Warner Brothers/Getty Images Perry and Cox pose for a photo during the 2001 "Friends" episode "The One With Monica And Chandler's Wedding."

Persons: Dean Obeidallah, Matthew Perry —, —, ”, Chandler, Dean Obeidallah CNN Chandler, I’m Chandler, “ I’m, Courteney Cox, Matt LeBlanc, David Schwimmer, Jennifer Aniston, Lisa Kudrow —, NBC’s, CBS ’ “ Young Sheldon, Matthew Perry, Chandler Bing, Perry, Michael Ochs, Christina Applegate, Martha Plimpton, Lisa Kudrow, Cox, Jay Leno, Salma Hayek, Michael Clarke Duncan, Warner, Monica, Danny Feld, Joe Quincy, Amy Stewart, Richard Schiff, Milo O'Shea, Kelly Reilly, Toby Melville, Reuters Perry, Merv Griffin, Jean, Paul Aussenard, LeBlanc, Mark J, Terrill, John Inwood, Zach Braff, John C, McGinley, Mitch Haddad, Amanda Peet, Bruce Willis, Everett, Chris Pizzello, Phil McCarten, Tom Williams, Lindsay Sloane, Michael Yarish, Ted Kennedy, James Corden, Terence Patrick, Julia Weeks, Matt Brennan, Dania Maxwell, Matthew, “, haven’t, Perry didn’t, Matty, ” Perry, Pete Davidson, Davidson, Chad Lowe, Sunshine ”, Neil Simon’s “ Organizations: CNN, “, Warner Bros . Television, Warner Bros ., Variety, CBS, NBC, Getty, Michael Ochs Archives, Limelight, ABC, Disney Entertainment, Columbia, Warner Brothers, Bank, Comedy Theatre, Reuters, Merv Griffin Beverly Hills Country, Actors Guild, Guild of America, Los Angeles Dodgers, Capitol, National Association of Drug, Inc, Los Angeles Times Festival of, Los Angeles Times, CBC, People Locations: ”, Los Angeles, Williamstown , Massachusetts, New York City, British, Chicago, London, Canada

☆ Disney urges Spectrum users to switch to Hulu live plan
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSept 4 (Reuters) - Walt Disney (DIS.N) urged customers of Charter Communications' Spectrum cable service to consider switching to a live television option from Hulu as the media companies remain at odds over a new distribution deal. With no deal in place, Disney suggested that Spectrum customers sign up for Hulu + Live TV, a streaming service that offers ESPN, ABC, Disney+ and dozens of other cable channels. "Despite the ongoing dispute, consumers have many other choices—such as Hulu + Live TV—that allow them to enjoy the great programming for which Disney Entertainment is known," the company said in a statement. Disney pulled its channels off Charter's Spectrum cable service last week in the middle of U.S. Open tennis coverage and other live sporting events including college football. Charter has about 14.7 million subscribers to its Spectrum TV service in markets including New York and Los Angeles.

Persons: Brendan McDermid, Walt Disney, Disney, “, ” Disney, Christopher Winfrey, Winfrey, Granth Vanaik, Lisa Richwine, Dhanya Ann Thoppil, Stephen Coates Organizations: Walt Disney Company, New York Stock Exchange, REUTERS, Charter Communications, Hulu, ABC, ESPN, Disney, Disney Entertainment, U.S, Spectrum TV, Thomson Locations: New York, U.S, Hulu, Los Angeles, Bengaluru

☆ Disney, Charter in talks for new distribution agreement
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +1 min

A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsAug 31 (Reuters) - Disney (DIS.N) said on Thursday that the company is in negotiations with Charter Communications (CHTR.O) for a new agreement after Disney pulled ESPN, ABC and other cable channels off Charter-owned Spectrum's cable service. Charter will host a webcast on Friday to discuss the status of its distribution agreement with Disney, the company said in a statement. Minutes later, a message appeared on the screen informing viewers that Disney had removed its programming, social media posts said. Cable operator Charter Communications (CHTR.O) serves more than 32 million customers in 41 states through its Spectrum brand, according to its website.

Persons: Brendan McDermid, Disney, Akanksha, Nivedita Organizations: Walt Disney Company, New York Stock Exchange, REUTERS, Disney, Charter Communications, ESPN, ABC, Spectrum, U.S, Twitter, Cable, Disney Entertainment, Thomson Locations: New York, U.S, Bengaluru

☆ Disney channels like ESPN dropped from Charter Spectrum in ongoing dispute
▼ + stars: | 2023-09-01 | by ( Michael Nam | ) edition.cnn.com time to read: +2 min

New York CNN —Fans of sports and other Disney offerings are going to have to do without on one of the nation’s largest cable providers. Disney pulled its programming from Charter Spectrum on Thursday night, even as the Disney-owned ESPN networks were covering major live sporting events such as the US Open and college football. Amid a broken “video ecosystem,” Charter Communications said, “Disney — so far — has insisted on a traditional long-term deal with higher rates and limited packaging flexibility,” in a presentation provided before an investor webcast. “Disney declined our proposal and pulled its video channels from Charter’s video customers on August 31,” it added. 1 men’s tennis player Carlos Alcaraz and Lloyd Harris in the second round of the US Open on ESPN.

Persons: “, Disney, We’re, Carlos Alcaraz, Lloyd Harris, “ We’re Organizations: New, New York CNN, Disney, ESPN, US, Communications, “ Disney, Disney Entertainment, University of Florida, University of Utah, “, YouTube Locations: New York

☆ A Netflix assistant launched a newsletter for young Hollywood because 'there is no blueprint' to break in, and she's enlisting help from workers at Disney, Showtime, and more
▼ + stars: | 2023-07-18 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

A Hollywood assistant role has long been a launching point for a career in entertainment. But "there is no blueprint" for how to get such a job, said Cathy Campo, a creative assistant at Netflix. Campo launched The Hollywood Assistant, a monthly newsletter aimed at industry hopefuls, to change that. In February, Campo launched The Hollywood Assistant, a free newsletter that recently released its sixth edition. It's difficult to make ends meet on those salaries in the costly cities where the entertainment industry is most heavily concentrated: Los Angeles and New York.

Persons: Cathy Campo, Campo, she's, —, Matthew Belloni, Nick Lachey, She's, Emma Weiss, Jonathan Groff, Alyssa Tumale, Drew Barrymore, Brown, Jimmy Fallon, Michelle Greene, Don Rutledge, Natalie Lifson, Buchwald, Allison Leffingwell, Rutledge, Puck, Reed Alexander Organizations: Netflix, Hollywood, Brown University grad, NBCUniversal, CBS, Disney Entertainment, CAA, Chautauqua Ordway, Campo, Universal, Showtime, Media, Universal Filmed Entertainment Locations: Stillwater, Hollywood, Los Angeles and New York

☆ Jim Cramer's plans for Disney stock after everything we learned from CEO Bob Iger
▼ + stars: | 2023-07-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

Hulu As part of Disney's future streaming business, Hulu is expected to be a strategic asset. "I don't think that Bob's going to get out of paying very little for Hulu," Jim said, which could lead to further pressure on the entertainment giant's balance sheet. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. Disney CEO Bob Iger speaking with CNBC's David Faber at the Allen&Co.

Persons: Walt Disney, Bob Iger's, —, Jim Cramer, Bob, Jim, Bob Iger —, Iger, Bob Chapek, ESPN Iger, Ron DeSantis, DeSantis, Iger's, Jim Cramer's, Bob Iger, CNBC's David Faber, David A Organizations: Disney, CNBC, Sun, ESPN, Apple, Apple Vision, Hulu, Comcast, Parks, Flordia, Netflix, Disney Entertainment, Allen, Grogan Locations: Idaho, Wells Fargo, Hulu, Florida, Sun Valley , Idaho

☆ Disney CEO Iger opens door to unloading TV assets as linear business struggles
▼ + stars: | 2023-07-13 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Disney CEO Bob Iger opened the door to selling the company's linear TV assets as the business struggles during the media industry's transition to streaming and digital offerings. "We've gotten a lot done very quickly, significant cost reductions and significant realignment of the company," Iger said. Disney reorganized into three segments: Disney Entertainment, which includes most of its streaming and media operations; an ESPN division; and a parks, experiences and product unit. In addition to looking for his next successor, Iger has been tasked with bringing Disney's streaming business to profitability. It's likely Comcast will sell its Hulu stake to Disney at the beginning of 2024, CNBC previously reported.

Persons: Bob Iger, Iger, Disney's, Bob Chapek, CNBC's David Faber, Faber, he's, We've, Nelson Peltz, weren't Organizations: Disney, CNBC, Allen, Co, Disney Entertainment, ESPN, Netflix, Wall, Comcast Locations: Idaho, Hulu, It's

☆ Inside Bob Iger's Disney contract extension: a CEO moving to protect his legacy and get succession right this time
▼ + stars: | 2023-07-13 | by ( Lucia Moses | Reed Alexander | ) www.businessinsider.com time to read: +5 min

Disney extended CEO Bob Iger's contract for 2 years, through the end of 2026. Company watchers won't be shocked by the move, since Iger extended his previous tenure in the role many times. Insiders said he wants to protect his legacy and stabilize the business, especially after the exit of its CFO. Disney just extended Bob Iger's contract for two more years, through 2026, the company announced today. Iger pledged at the time to prioritize finding a successor, but he has extended his contract before — four times during his first 15-year tenure.

Persons: Bob Iger's, Iger, Bob Chapek, Dave Heger, Edward Jones, Heger, Christian Knaebel, Christine McCarthy, Disney, — here's, Chapek, Jay Rasulo, Kevin Mayer, Tom Staggs, Dana Walden, Alan Bergman, Iger's reorg, Dana, who's, Bergman, Walden, Meta execs Sheryl Sandberg, Carolyn Everson, Josh D'Amaro, Jimmy Pitaro, Adam Silver, Silver, Andrew Wilson Organizations: Disney, Hollywood, Writers Guild of America, SAG, Longtime, Disney Entertainment, Pixar, ESPN, National Basketball Association, EA Locations: Iger

☆ With actors poised to join film and TV writers on strike, Hollywood insiders lay out the dream and nightmare scenarios: 'There's going to be no cash flow'
▼ + stars: | 2023-07-12 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

For the first time since 1960, Hollywood actors and writers could be on strike at the same time. If the actors union, SAG-AFTRA, hits the picket lines, it would cause an even deeper disruption to the entertainment industry. Stakes were high enough with the writers' strike. The movement is having a moment, as has been evidenced by other unions — from teachers to truck drivers — joining Hollywood writers on the picket line. A combined writers' and actors' strike "could well go into the end of the year," Handel said.

Persons: Jonathan Handel, that's, Handel, —, AFTRA, it's, Paul Hardart, Bob Iger, Peter Chernin —, Fox —, Iger, Alan Bergman, Dana Walden, I've, he'd, Hardart Organizations: Hollywood, Guild of, SAG, WGA, Alliance, Producers, Netflix, Disney, Guild of America, Entertainment, Media, Technology, NYU's Stern School of Business, News Corp, Disney Entertainment, United Locations: California, Hollywood, United States

☆ Inside the buzzy newsletter a Netflix assistant launched to create a ‘blueprint’ for breaking into Hollywood — featuring tea from workers at Disney, CBS, and more
▼ + stars: | 2023-07-11 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

☆ Exclusive: Walt Disney's Pixar targets 'Lightyear' execs among 75 job cuts
▼ + stars: | 2023-06-03 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +2 min

[1/2] A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermidJune 3 (Reuters) - Walt Disney's (DIS.N) Pixar Animation Studios has eliminated 75 positions including those of two executives behind box office disappointment “Lightyear,” sources said on Saturday, the first significant job cuts at the studio in a decade. Susman had been at Pixar since the release of the original “Toy Story” movie in 1995. The cuts, which took place May 23, are part of Walt Disney Chief Executive Bob Iger’s previously announced plan to eliminate 7,000 jobs and slash $5.5 billion in costs. Disney acquired Pixar in 2006 to revitalize its struggling Disney Animation.

Persons: Brendan McDermid, Walt Disney's, “, Angus MacLane, “ Coco, ” Galyn Susman, Susman, Michael Agulnek, Bob Iger’s, ”, Bob Peterson, Dawn Chmielewski, Cynthia Osterman Organizations: Walt Disney Company, New York Stock Exchange, REUTERS, Pixar Animation Studios, Pixar, Walt Disney, Disney Entertainment, Disney, Disney Animation, Thomson Locations: New York, U.S

☆ Walt Disney's Pixar targets 'Lightyear' execs among 75 job cuts
▼ + stars: | 2023-06-03 | by ( ) www.cnbc.com time to read: +2 min

Walt Disney 's Pixar Animation Studios has eliminated 75 positions including those of two executives behind the box office disappointment "Lightyear," sources said on Saturday, the first significant job cuts at the studio in a decade. Susman had been at Pixar since the release of the original "Toy Story" movie in 1995. Pixar is famous for cinematic franchises including "Toy Story," "The Incredibles" and "Cars." "Lightyear" could not be shown in 14 Middle Eastern and Asian countries because of its depiction of a same-sex relationship. Disney acquired Pixar in 2006 to revitalize its struggling Disney Animation.

Persons: Walt Disney, Angus MacLane, Coco, Susman, Michael Agulnek, Bob Iger's, Bob Peterson Organizations: Animation, Pixar, Studios, Walt Disney, Disney Entertainment, Disney, Disney Animation

☆ Disney's revenue is on the rise, giving CEO Bob Iger a victory lap amid legal battle with Florida's Ron DeSantis
▼ + stars: | 2023-05-10 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +5 min

Disney announced its fiscal second quarter earnings, with 13% revenue growth in the three months ending April 1. The results come as CEO Bob Iger reorganizes the company and pursues a legal battle with Florida Gov. Walt Disney Co. reported $21.79 billion in second quarter revenue, which topped Wall Street expectations for the period and marked 13% growth for the three months through April 1, the company said. The company noted decreases in advertising revenue at non-sports channels including both ABC network and A&E cable channels. Still, Disney's direct-to-consumer unit grew revenue by 12% in the second quarter to $5.5 billion while its operating losses decreased.

☆ Disney begins the second round of 7,000 planned job cuts — targeting ESPN, theme parks, entertainment, and more
▼ + stars: | 2023-04-24 | by ( Nathan Mcalone | ) www.businessinsider.com time to read: +3 min

Disney is starting the second round of its planned cuts on Monday, with divisions like ESPN getting hit, the company confirmed to Insider. Disney told The Wall Street Journal that several thousand employees would lose their jobs this week at divisions across the company, spanning from entertainment to theme parks. Disney does not expect hourly frontline operations roles at its parks and resorts to be impacted, the company told Insider. "When [Iger] was last at the helm, money was practically free," Mike Bloxham, EVP global media and entertainment at consultants Magid, previously told Insider. The company also created a new finance team pulling together staff from Disney Entertainment and ESPN, Insider reported Friday.

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