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☆ Bob Iger reveals Disney's new plan for Marvel: quality over quantity
▼ + stars: | 2024-05-07 | by ( Madeline Berg | ) www.businessinsider.com time to read: +1 min

Disney CEO Bob Iger plans to limit the number of Marvel films and TV shows released each year. The decision follows underperformance and criticism of the quality of Marvel content. AdvertisementDisney CEO Bob Iger's turn-around tour continues, and he let us in on the plan for what is arguably the House of Mouse's most successful IP: Marvel. In Disney's first earnings call since successfully fending off a proxy battle from Nelson Peltz — and former Marvel Entertainment chairman Ike Perlmutter — Iger delineated the future of the Marvel Cinematic Universe. This story is available exclusively to Business Insider subscribers.

Persons: Bob Iger, —, Bob Iger's, Nelson Peltz —, Ike Perlmutter — Iger Organizations: Disney, Marvel, Service, Marvel Entertainment, Business

☆ Dollar stores are shutting down across America. They did this to themselves
▼ + stars: | 2024-04-11 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

Dollar Tree believed acquiring Family Dollar would help it compete against larger rivals. “When Dollar Tree bought Family Dollar, they didn’t really know what they were doing,” D’Arezzo said. Many Family Dollar stores were located too close to each other and cannibalized each other’s own sales, too, D’Arezzo said. Family Dollar “needs more work than the company originally thought.”A year later, an activist investor pushed for a sale of the “underperforming” Family Dollar business, and Family Dollar announced it would close 390 stores. Dollar Tree and Family Dollar executives say Family Dollar can still succeed, however.

Persons: Dollar, Ron Holman, ” Neil Saunders, GlobalData, “, ”, David D’Arezzo, Rick Dreiling, Kelly Bania, Carl Icahn, Nelson Peltz —, ” D’Arezzo, D’Arezzo, Dreiling Organizations: New, New York CNN, Visalia Times, USA, Dollar, BMO Capital Markets, “, Street, Justice Department, Bloomberg, Walmart, Costco Locations: New York, West Coast and Texas, West Memphis, ”, California , Nevada , Arizona, Texas, California

☆ Read the open letter Disney heirs wrote to shareholders, defending Bob Iger and slamming activist investors as 'villains'
▼ + stars: | 2024-03-01 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

The heirs backed Iger and his management for being "faithful" to Disney's "magic" and said the CEO has "grown this company in a modern world." Peltz's Trian Fund Management, which owns about $3 billion of Disney stock, has criticized Disney's leadership and is seeking seats on its board. In early February, Iger and Peltz threw jabs at each other following Disney's better-than-expected earnings report. They understand that the longevity of The Walt Disney Company isn't only the result of smart business decisions; it is rooted in the strong emotional connection Disney continues to forge with generations of people from around the globe. To the contrary, their "I alone can fix it" mentality makes clear that they are not interested in preserving the Disney magic, but stripping it to the bone to make a quick profit for themselves.

Persons: Iger, Peltz's, Disney's, Peltz, Roy O, Walt Disney, Walt, Roy, Snow White, Mary Poppins, Bob Iger, Saul Steinberg —, Nelson Peltz —, Roy P, Disney Susan Disney, Abigail E, Disney Tim Disney Organizations: Peltz's Trian Fund Management, Disney, Trian Fund Management, Variety, The Walt Disney Company, Walt Disney Company, Directors Locations: Iger

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