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☆ Disney Reports Narrower Streaming Loss Amid Price Increases
▼ + stars: | 2023-05-10 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

After a year of maneuvering on both sides, Walt Disney Co. is suing Florida Gov. Ron DeSantis. WSJ’s Arian Campo-Flores explains what’s behind the lawsuit. Photo Composition: Rachel RogersWalt Disney Co. dramatically reduced losses in its streaming business, largely the result of price increases for Disney+ and other products implemented in December, as newly returned Chief Executive Robert Iger continues to overhaul the entertainment giant’s finances. The company’s direct-to-consumer segment, which includes streaming, lost $659 million in the quarter ended April 1, far less than the $845 million loss that analysts polled by FactSet had anticipated.

☆ A real-estate investor who owns 12 properties shares the 10 business, investing, and personal development books that helped him build a $2.7 million portfolio in just 4 years
▼ + stars: | 2023-05-05 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +9 min

These books cover real estate and investing, business, personal development, and leadership. Intrigued by real-estate investing, Rivers took the plunge and bought his first real-estate investment property in 2019. In a recent interview, Rivers shared the 10 books — spanning topics such as business, investing, and personal development — that helped him scale his portfolio quickly. "What It Takes" by Stephen A. SchwarzmanThis book, written by the billionaire investor and Blackstone CEO Stephen A. Schwarzman, is one of Rivers' personal favorites. While much of the focus for entrepreneurs is on building a business, Rivers said understanding how to sell a business was just as important.

☆ A real estate investor who got started at age 38 shares the top 3 pieces of advice for beginners that helped him build a $2.7 million in just 4 years
▼ + stars: | 2023-04-29 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

Dan Rivers has amassed a 16-unit real estate portfolio worth $2.7 million in total. Rivers built his portfolio in just 4 years, after getting started in real estate at the age of 38. Real estate investor Dan Rivers is an excellent example of why it's never too late to begin working towards financial freedom. In the first year at his new job as a real estate agent, Rivers only made $28,000. In other words, don't simply ask for advice and risk making a seasoned investor think you're wasting their time.

☆ A real estate investor who owns 12 units shares the 10 business, investing, and personal development books that helped him build a $2.7 million portfolio in just 4 years
▼ + stars: | 2023-04-16 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +9 min

These books cover real estate and investing, business, personal development, and leadership. Intrigued by real estate investing, in 2019 Rivers decided to take the plunge and buy his first real estate investment property. In a recent interview with Insider, Rivers recalled only making $28,000 during his first year of selling real estate. It taught him the expectations to set for his employees while he was building up his full-service real estate firm, Rivers Capital Group. While much of the focus for entrepreneurs is on building a business, Rivers believes that selling a business is just as important.

☆ Ousted Marvel Entertainment Chairman Ike Perlmutter to retain Disney shares
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +1 min

April 5 (Reuters) - Marvel Entertainment's former chairman Ike Perlmutter on Wednesday said he will hold on to his Disney (DIS.N) shares, a week after reports of his termination from the role. Reuters reported last Wednesday that Disney had laid off Perlmutter, 80, as part of a cost-cutting campaign. News of Perlmutter's termination had come after he supported activist shareholder Nelson Peltz's unsuccessful bid to obtain a seat on Disney's corporate board. "Trian CEO Nelson Peltz has a long history of improving shareholder returns at many leading consumer businesses," Perlmutter said in a public statement on Wednesday. According to the WSJ report from earlier in the day, he owns about 30 million shares of Disney, worth about $3 billion.

☆ Ike Perlmutter: Disney Fired Me From Marvel, I Wasn’t Laid Off
▼ + stars: | 2023-04-05 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

‘All they talk about is box office, box office,’ Ike Perlmutter, the former Marvel Entertainment chairman, said of Disney executives and Marvel Studios leadership. Isaac “Ike” Perlmutter says Walt Disney Co. fired him as chairman of Marvel Entertainment because he pushed Disney too aggressively to cut costs and ran afoul of the creative executives whom newly returned Chief Executive Robert Iger wants to empower. In a rare interview, the 80-year-old Mr. Perlmutter spoke to The Wall Street Journal about his dismissal from Disney last week, his relationship with Mr. Iger, and missteps he feels Disney has made in recent years.

☆ Disney CEO Iger Calls DeSantis’s Moves Antibusiness, Anti-Florida
▼ + stars: | 2023-04-03 | by ( Robbie Whelan | Arian Campo-Flores | ) www.wsj.com time to read: 1 min

Walt Disney Co. Chief Executive Robert Iger called Florida’s actions against Disney over the past year “antibusiness” and “anti-Florida” in his first in-depth comments about the company’s ongoing battle with Gov. Ron DeSantis . “While the company may have not handled the position that it took very well, a company has the right to freedom of speech just like individuals do,” Mr. Iger said at Disney’s annual meeting of shareholders, in response to a question about the dispute.

☆ Disney Lays Off Marvel Entertainment Chairman Ike Perlmutter
▼ + stars: | 2023-03-29 | by ( Robbie Whelan | ) www.wsj.com time to read: +1 min

Walt Disney Co. has laid off Isaac “Ike” Perlmutter, chairman of Marvel Entertainment LLC, and plans to fold the comic-book publishing business into Disney Entertainment, the company’s content-production division. Mr. Perlmutter, who remains one of Disney’s largest individual shareholders, has long had a rocky relationship with Chief Executive Robert Iger . In 2015, Mr. Iger removed him as head of Marvel Studios after a power struggle with current studio chief Kevin Feige . Those layoffs began this week, and included the elimination of Disney’s metaverse unit. The moves represent reversals of the agenda championed by former Disney CEO Bob Chapek , who was close with Mr. Perlmutter and who championed the metaverse initiative.

☆ Disney to Start Its 7,000 Job Cuts This Week
▼ + stars: | 2023-03-27 | by ( Denny Jacob | ) www.wsj.com time to read: 1 min

The company also plans to slash $5.5 billion in costs. Walt Disney Co. said it would start notifying workers that they are being laid off, as part of the company’s previously announced plan to cut 7,000 jobs. The entertainment company this week will notify employees whose positions are affected in the initial phase of job cuts, according to a note to employees from Chief Executive Robert Iger that was viewed by The Wall Street Journal.

☆ Disney to Start Laying Off 7,000 Employees This Week
▼ + stars: | 2023-03-27 | by ( Denny Jacob | ) www.wsj.com time to read: 1 min

☆ Disney+ Users Paid Up When the Price Rose
▼ + stars: | 2023-03-17 | by ( Robbie Whelan | ) www.wsj.com time to read: +1 min

Data from subscription-analytics firm Antenna suggest Disney has some headroom to raise streaming prices further. Subscribers to Walt Disney Co.’s flagship Disney+ streaming service barely blinked at a 38% price increase that the company imposed in December as part of its launch of an ad-supported streaming product. About 94% of subscribers to the old, ad-free Disney+ service stayed with the product at a higher price point and swallowed the $3 a month price increase, according to new data from subscription-analytics firm Antenna. Disney declined to comment on Antenna’s numbers, but the data suggest the company has some headroom to raise the streaming price beyond the current level of $10.99 a month. “We have a lot of rationalization to do from a pricing perspective, but that’s one path to profitability.”In 2019, the company launched Disney+ at a price of $6.99 a month.

☆ Disney’s Robert Iger Hints at Raising Streaming Prices
▼ + stars: | 2023-03-09 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

Walt Disney Co. Chief Executive Robert Iger revealed some details of his plan to achieve profitability in the company’s streaming business, hinting that Disney could raise prices further and begin licensing its streaming content to competitors. Speaking at Morgan Stanley ’s Media and Telecom Conference in San Francisco on Thursday, Mr. Iger said he was “extremely bullish” on Disney+, the company’s flagship streaming platform, but predicted that subscriber growth would slow as the industry pivots to a focus on profits.

☆ How Nelson Peltz and Disney’s Marvel Chief Teamed Up in Proxy Fight
▼ + stars: | 2023-02-13 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

Longtime friends Isaac “Ike” Perlmutter and activist investor Nelson Peltz shared a similar opinion: Walt Disney Co. was spending too much money. Mr. Perlmutter, chairman of Disney’s Marvel Entertainment unit, was known to be passionate about cost-cutting and once demanded that an action sequence in the 2008 movie “Iron Man” be shot with only three Humvees, instead of the 10 called for in the script. His feuds with Robert Iger during the chief executive’s first tenure over how to run Marvel’s movie studio caused a rift that remains.

☆ Robert Iger Shakes Up Disney’s Entertainment Operations, Rethinks Hulu Ownership
▼ + stars: | 2023-02-10 | by ( Robbie Whelan | Joe Flint | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/robert-iger-shakes-up-disneys-entertainment-operations-rethinks-hulu-ownership-11675977189

☆ Disney CEO Robert Iger Raises Doubts on Company Buying Hulu
▼ + stars: | 2023-02-09 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

‘I’m not going to speculate about whether we are a buyer or seller of it,’ Disney Chief Executive Robert Iger said of Hulu. Walt Disney Co. might not be interested in buying the remaining third of the Hulu streaming video service, Chief Executive Robert Iger told CNBC in an interview Thursday. “Everything is on the table right now,” Mr. Iger said. “I’m not going to speculate about whether we are a buyer or seller of it.”

☆ Disney Reveals ‘Frozen,’ ‘Toy Story’ and ‘Zootopia’ Sequels Are in the Works
▼ + stars: | 2023-02-09 | by ( Gareth Vipers | ) www.wsj.com time to read: 1 min

Disney’s ‘Toy Story 4,’ the most-recent installment in the studio’s long-running talking-toy franchise, went on to gross $1 billion worldwide. Walt Disney Co. is doubling down on some of its most popular animated franchises. In his first earnings call since returning as chief executive, Disney’s Robert Iger said sequels to the hit film franchises “Toy Story,” “Frozen” and “Zootopia” were in the works.

☆ Disney’s Shake-Up Resets the Stage
▼ + stars: | 2023-02-09 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Even Robert Iger can only do so much in six weeks. He did manage to make Nelson Peltz ‘s job a little more difficult in that time, though—with the help of all those grown-ups in mouse ears. Disney ‘s fiscal first-quarter results reported Wednesday afternoon were the company’s first since Mr. Iger’s return to the corner office. That happened about halfway through the quarter, following a disastrous earnings report and historic stock selloff sealed the fate of his handpicked successor. The most recent results are also the first since activist Trian Fund Management launched a proxy challenge, seeking a board seat for a founding partner, Mr. Peltz.

☆ Disney’s Earnings, Reorganization Represent Early Test for CEO Robert Iger
▼ + stars: | 2023-02-08 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

Robert Iger returns to center stage under a bright spotlight Wednesday to present Walt Disney Co.’s quarterly results and, more important, a vision for the company. On the same day as his first conference call with Wall Street analysts since returning to the company and succeeding former Chief Executive Bob Chapek , Mr. Iger is also expected to present a plan to reorganize Disney’s corporate ranks and cut costs, which the company has been promising since last year.

☆ Disney Plans to Cut 7,000 Jobs, $5.5 Billion in Costs
▼ + stars: | 2023-02-08 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

Walt Disney Co. said it plans to cut 7,000 jobs and eliminate $5.5 billion in costs as part of a major corporate reorganization led by newly reinstated Chief Executive Robert Iger. “We are embarking on a significant transformation,” Mr. Iger said in the company’s earnings release ahead of the announcement. He said the changes would, among other things, reshape the company around creativity, reduce expenses and lead to profits in its streaming business.

☆ Jim Cramer's top 10 things to watch in the market Tuesday: Dow workhorses, iPhone woes, JNJ setback
▼ + stars: | 2023-01-31 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Apple is one of 9 Club stocks that report quarterly earnings this Thursday. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ It's not all gloom and doom on Wall Street. Here's where finance firms are still hiring.
▼ + stars: | 2023-01-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

For many on Wall Street, those questions are top of mind. Insider's finance team canvassed more than a dozen recruiters to get their takes on the job market. From investment banking to hedge funds to fintechs, here's who's hiring and who's at risk of making more cuts. Click here to read more about the hiring landscape across Wall Street, from banks to hedge funds and fintechs. We've got a list of the best and worst US airlines, according to The Wall Street Journal.

☆ Robert Iger, Henry Kravis to Buy Minority Stake in Thrive Capital
▼ + stars: | 2023-01-24 | by ( Berber Jin | ) www.wsj.com time to read: 1 min

Venture firm Thrive Capital is selling a stake to a group of investors including Walt Disney Co. CEO Robert Iger and KKR & Co. co-founder Henry Kravis , a rare move designed to expand its investing reach and give the founders of the startups it backs access to some of the world’s most powerful business figures. As a part of the transaction, Brazilian food magnate Jorge Paulo Lemann , French telecoms executive Xavier Niel , Indian oil tycoon Mukesh Ambani , Mr. Iger and Mr. Kravis will invest about $175 million to purchase a 3.3% stake in Thrive, the New York-based firm said Tuesday. The deal values the venture firm at $5.3 billion.

☆ Disney Defends Board, CEO Robert Iger Against Nelson Peltz’s Criticisms
▼ + stars: | 2023-01-17 | by ( Erich Schwartzel | Dean Seal | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/disney-defends-board-ceo-robert-iger-against-peltzs-criticisms-11673971148

☆ Nelson Peltz Plans Proxy Fight Against Disney
▼ + stars: | 2023-01-12 | by ( Lauren Thomas | ) www.wsj.com time to read: 1 min

Activist investor Nelson Peltz plans to mount a proxy fight for a seat on Walt Disney Co.’s board, adding to the challenges Robert Iger faces after he recently returned to the role of chief executive at the beleaguered entertainment giant. Disney revealed the activist’s intentions Wednesday afternoon in a statement that said that it is opposed to having him join the board. It also said that current director Mark Parker would become chairman, succeeding Susan Arnold .

☆ Disney Adds Lower Priced Theme Park Access and Perks
▼ + stars: | 2023-01-11 | by ( Robbie Whelan | Jacob Passy | ) www.wsj.com time to read: 1 min

Disney fans have grown increasingly critical of the parks business as the company’s theme parks in California and Florida have grown more expensive and more complicated to book. Robert Iger is making a peace offering to Disney ‘s most fervent fans, in what amounts to his first major change to Walt Disney Co.’s theme-parks business since returning to the company as chief executive in November. Effective immediately, holders of annual passes to Disney’s Orlando-area Walt Disney World Resort will be able to visit the theme parks during afternoon hours without making a reservation, the company’s head of parks Josh D’Amaro said in a memo to staff Tuesday.

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