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☆ Inside Disney it's 'Revenge of the Creatives' and 'Shields Up!' against outside foes as returned CEO Bob Iger is taking no prisoners
▼ + stars: | 2023-04-07 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +12 min

Since returning as Disney CEO, Bob Iger has vanquished foes and dumped many of predecessor Bob Chapek's hires. But it's a supercharged Bob Iger who is really taking command. "If I'm inside Bob's head coming back, after the downfall of Bob Chapek, this is all about taking no prisoners," said Will Schutte, a high-level executive coach. Disney World is scheduled to host a major conference on gay rights in September, according to the Miami Herald. Even if he wants to be the Bob Iger of old he can't be.

☆ Disney names first brand chief as Iger refocuses on core properties
▼ + stars: | 2023-04-06 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

The Walt Disney Company is looking to update its image. On Thursday, the company named Asad Ayaz as its first-ever chief brand officer, a position that will require the Disney vet to create a singular vision of the company for marketing campaigns. The company also recently rolled out its first wave of layoffs as it seeks to cut 7,000 jobs this year. On Wednesday, the company tapped Joe Earley to take over the role of president of direct-to-consumer for Disney Entertainment. Ayaz will continue as president of marketing for Walt Disney Studios, where he has overseen marketing and publicity for the studio's films and TV series, as well as Disney+, since 2018.

☆ Ex-Marvel chief speaks out on firing, cost cutting & Nelson Peltz
▼ + stars: | 2023-04-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEx-Marvel chief speaks out on firing, cost cutting & Nelson PeltzCNBC's 'Squawk on the Street' anchors discuss news from former Disney employee Ike Perlmutter.

☆ 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.

☆ How Disney and DeSantis started feuding
▼ + stars: | 2023-04-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Ron DeSantis won praise from the right for retaliating against Disney for its CEO’s decision to (rather timidly) wade into the public discourse over a contentious state law. In that first round of Florida’s GOP vs The Walt Disney Company, DeSantis landed a body blow that ultimately cost Disney CEO Bob Chapek his job. DeSantis signed the bill into law, and then set his sights on punishing Disney for daring to challenge him. “This essentially makes Disney the government,” said Ron Peri, a DeSantis pick for the new board, last week. Last week, Iger announced Disney would lay off 7,000 people as part of a $5.5 billion cost-reduction plan.

☆ The return of Bob Iger: Disney CEO makes moves that should please investors
▼ + stars: | 2023-04-01 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

When Iger returned as CEO of Disney back in November 2022 , he promised to implement cost reductions and clean up the House of Mouse. Disney ditches metaverse The news: CNBC confirmed on Tuesday that Disney is getting rid of a small division focused on deploying metaverse initiatives. Disney's metaverse layoffs are part of Iger's broader corporate restructuring plan. Under Iger, Disney bought Marvel from Perlmutter in 2009 in a $4 billion deal. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

March 29 (Reuters) - Walt Disney Co (DIS.N) has laid off Marvel Entertainment Chairman Isaac "Ike" Perlmutter as part of a cost-cutting campaign, a source confirmed Wednesday. Dan Buckley, president of Marvel Entertainment, will remain and report to Marvel Studios President Kevin Feige, the second source said. Perlmutter, who outmaneuvered billionaire Carl Icahn for control of the comic book publisher in the late 1990s, sold Marvel to Disney for $4 billion in 2009. Disney CEO Bob Iger later restructured Marvel in 2015, placing Marvel Studios under Walt Disney Studios. Perlmutter retained the title of chairman of Marvel Entertainment, a unit responsible for publishing, games, digital media and some consumer products.

☆ 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.

☆ What Disney laying off Ike Perlmutter suggests
▼ + stars: | 2023-03-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat Disney laying off Ike Perlmutter suggestsNew York Times reporter James Stewart joins 'Closing Bell' to discuss Bob Iger's return to Disney, and laying off Ike Perlmutter, chairman of Marvel Entertainment.

☆ Disney layoffs are expected to hit ABC News this week, sources say, with scores of roles to be eliminated following cuts from TV, engineering, and metaverse teams
▼ + stars: | 2023-03-29 | by ( Claire Atkinson | Lucia Moses | ) www.businessinsider.com time to read: +5 min

Cuts at Disney's ABC News are coming before the end of the week, according to sources. Disney firings are expected to affect its ABC News division this week, according to two company insiders familiar with the situation. TV production and acquisition execs at Hulu, Freeform, and 20th Television were also impacted, according to a report in Deadline. Leaders will be communicating the news directly to the first group of impacted employees over the next four days. I want to thank each of you again for all your many achievements here at The Walt Disney Company.

☆ Nigerian senator guilty of trafficking man to Britain to harvest his kidney
▼ + stars: | 2023-03-23 | by ( William James | ) www.reuters.com time to read: +3 min

LONDON, March 23 (Reuters) - A wealthy Nigerian politician and his wife were convicted on Thursday of trafficking a street trader from Lagos to Britain to illegally harvest his kidney for a transplant for their seriously-ill daughter. "This was an horrific plot to exploit a vulnerable victim by trafficking him to the UK for the purpose of transplanting his kidney," said Joanne Jakymec, Chief Crown Prosecutor. Sonia Ekweremadu, the intended recipient of the organ who has a serious and deteriorating kidney condition and requires dialysis, was found not guilty of any part in the plan. Donating a kidney is not unlawful in Britain but it is a criminal offence to offer a reward, regardless of whether the donor is complicit. Police said the guilty verdicts marked the first time someone had been convicted in Britain of human trafficking for the purpose of organ harvesting.

☆ Apple backs new music startup
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +1 min

March 8 (Reuters) - Apple Inc (AAPL.O) is backing a music startup launched by one of its former executives. The company, called Gamma, is the brainchild of former Apple Music Global Creative Director Larry Jackson and veteran music executive Ike Youssef. "The artists shaping today's culture not only create music, but also video, film, podcasts, fashion, and more," Jackson said in a statement Wednesday. It also plans to collaborate with Todd Boehly's Eldridge, whose investments include the Los Angeles Dodgers, which is a major backer. Reporting by Dawn Chmielewski in Los Angeles; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

The sketch series is the sequel to Mel Brooks' classic movie, "History of the World, Part I." The first two episodes of "History of the World, Part II" debuted March 6 on Hulu. How to watch 'History of the World, Part II'"History of the World, Part II" is now available to watch exclusively on Hulu. Can I watch 'History of the World, Part II' for free? Where can I watch 'History of the World, Part I'?

☆ Blackstone's Ike leaves to start new investment firm
▼ + stars: | 2023-02-22 | by ( Chibuike Oguh | ) www.reuters.com time to read: +2 min

NEW YORK, Feb 22 (Reuters) - Melvin Ike, a managing director in Blackstone Inc's (BX.N) tactical opportunities group, has resigned to start his own investment firm, the private equity firm told Reuters. Ike's resignation was announced during a meeting of Blackstone's tactical opportunities fund investors held last week in New York, the firm said in a statement on Tuesday. Ike's transactions for Blackstone's tactical opportunities unit include the sale of a majority stake in Wisconsin-based home improvement lender Aqua Finance for $1 billion to Apollo Global Management (APO.N) in 2021. He also led Blackstone's acquisition of a majority stake in collectibles authentication firm Certified Collectibles Group as well as the minority investments in digital marketing firm Recurrent Ventures and Cybersecurity firm Geocomply. Blackstone's tactical opportunities unit, which is run by David Blitzer, invests in assets that typically fall outside the scope of the firm's other funds, from timber and mines to oil tankers and satellites.

☆ ‘Hello Tomorrow!’ Review: Billy Crudup Sells Crater-Front Property
▼ + stars: | 2023-02-17 | by ( John Anderson | ) www.wsj.com time to read: +1 min

The dark comedy and shiny retrofuturism of “Hello Tomorrow!” may suggest a few alternative titles—“Mrs. Maisel in Space” or “The Jetsons Like Ike” or “Glengarry Glen Ross on Ketamine,” none of which would be wrong, exactly. Billy Crudup gives a genuinely remarkable performance as Jack Billings , a man who is mostly façade, which helps his mission—selling real estate on the moon. He’s a master at his craft and Mr. Crudup gives Jack sufficient self-awareness to make him charming, even when both he and a client know he’s playing a part and pushing a scheme. But even as the shilling for lunar time-shares plays out in a universe seemingly caught between eras, the production design is a constant wonder and curiosity, if not a positive distraction.

☆ 60,000 miles of US roads could be under water in a few decades. Here's how experts say we can save our critical infrastructure.
▼ + stars: | 2023-02-16 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +9 min

"In the Keys, if you redo your house, you have to mitigate it for sea level rise," he told Insider. The islands are particularly exposed to rising sea levels. Across the country, you can expect coastlines to rise an average of 10 to 12 inches over the next 30 years, according NOAA's Sea Level Rise Viewer, which lets you adjust sea level rise and visualize how in trouble your house or your commute might be. Then, he started doing what NOAA recommends, reading about sea level rise and the plans that individual communities are studying to increase their own resiliency. By understanding how to adapt incrementally, and starting to act as soon as possible, the US can learn how to adapt to rising sea levels.

☆ 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.

☆ Bob Born, the ‘Father of Peeps,’ has died
▼ + stars: | 2023-01-31 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Ira “Bob” Born, known as the “Father of Peeps,” died on Sunday. Just Born Quality Confections, the Pennsylvania-based company that makes various candies, including the chick-shaped marshmallows, confirmed Born’s death in a statement. That helped him earn the nickname “Father of Peeps.”Originally created for Easter, Peeps makes themed candy for other holidays, too, including Valentine’s Day and Halloween. His father, Sam, a Russian immigrant, founded Just Born a year prior. Ross Born told the Lehigh Valley News said his father was a “real mensch,” adding that he was a “kind person, he was generous with his talents, sharing his abilities.”“The candy business was kind of catchy … it was interesting to him,” Ross Born told the newspaper.

☆ Canada Goose and other retail stocks will see a lift from China's reopening, according to Wells Fargo
▼ + stars: | 2023-01-26 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +1 min

Chinese shoppers are likely poised to hit the streets again during the country's reopening, a positive tailwind for certain retail stocks, according to Wells Fargo. The companies with the largest exposure to China's reopening are Nike , Farfetch , Canada Goose , Kate Spade-parent Tapestry and Michael Kors-owner Capri Holdings . Of these names, two – Canada Goose and Farfetch – are trading at deep discounts versus historic multiples, meaning now may be a good time to snap up shares. Wells Fargo has overweight ratings on both. For Farfetch, Wells Fargo sees a few tough quarters ahead but several positive catalysts as well, including the China reopening.

☆ Buy Lululemon, a 'rare name with momentum', Wells Fargo says in upgrade
▼ + stars: | 2023-01-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

It's time for investors to buy shares of Lululemon Athletica , according to Wells Fargo. Analyst Ike Boruchow upgraded the athletics apparel and accessories stock to overweight, calling the it a defensive and "rare name with momentum" poised to outperform on the top line this year. Shares of Lululemon gained about 2% before the bell Friday. He also cited easing freight pressures and better margin visibility as another catalyst for Lululemon going forward. "With LULU not a markdown-driven model, we see more visibility than most on the margin front looking to next year."

☆ Middle income will be a soft spot for retail in 2023, says Wells Fargo's Ike Boruchow
▼ + stars: | 2022-12-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMiddle income will be a soft spot for retail in 2023, says Wells Fargo's Ike BoruchowIke Boruchow, Wells Fargo Securities senior analyst, joins 'The Exchange' to discuss consumer spending trends heading into next year.

☆ Tina Turner's son Ronnie dies at 62
▼ + stars: | 2022-12-09 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +1 min

Ronnie Turner, the son of music icon Tina Turner, has died, his family said. It was not immediately clear Friday what caused Ronnie Turner's death. Ronnie Turner’s brother, Craig Turner, died by suicide in 2018. His aunt, Alline Bullock, Tina Turner’s sister, passed away in 2010. His father, Ike Turner, died in 2007.

☆ 'George & Tammy' review: Jessica Chastain and Michael Shannon stand by an oft-told musical tale
▼ + stars: | 2022-12-02 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

Chastain continues to carve out an inordinately unique niche of standout performances playing women named Tammy, although “Tammy Faye” embodied a different realm of high-profile personalities. That is, of course, an oft-told tale, a la “Sid and Nancy” or Ike & Tina Turner in “What’s Love Got to Do With It,” among past dramatizations within different musical genres. Understandably, stars are invariably drawn to these kind of showy roles, with “Bohemian Rhapsody,” “Rocketman” and “Elvis” among the recent examples. Thanks to Chastain and Shannon (who admirably pull off their own singing), “George & Tammy” provides a warts-and-all window into Wynette and Jones’ lives. “George & Tammy” premieres December 4 at 9 p.m.

☆ How Hurricane Sandy transformed the Jersey Shore into 'a playground for the rich'
▼ + stars: | 2022-11-09 | by ( Zoe Rosenberg | Dan Latu | ) www.businessinsider.com time to read: +17 min

Jersey Shore residents battled through a patchwork of programs to rebuild after Hurricane Sandy. Even 10 years after Hurricane Sandy, Barbara is still reminded daily of the mental and financial toll it took on her. Courtesy of BarbaraThe bureaucratic red tape around flood insurance and rebuild programs linked to Hurricane Sandy deepened the divide between the haves and have-nots of the Jersey Shore. Milliman, an actuarial company that works with FEMA's National Flood Insurance Program, found that about 47% of coastal dwellers had flood insurance, The Inquirer reported. "After Sandy, there was a lot more money coming in," Mery, who has built Jersey Shore homes for 15 years, told Insider.

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