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☆ 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

☆ The S&P 500 just turned in its best first quarter since 2019
▼ + stars: | 2024-03-28 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

The S&P 500 index rose 10.2% during the first three months of the year, its best first-quarter performance since 2019. The S&P 500 on Thursday logged its 22nd record-high close of the year. Companies in the S&P 500 saw earnings grow 4.3% during the fourth quarter of 2023 from the prior year, according to FactSet data. Analysts polled by FactSet expect S&P 500 earnings to grow by more than 10% for all of 2024. About 140,000 cars a day traversed the I-35W bridge that once stood more than 100 feet above the Mighty Mississippi.

Persons: Bell, Bitcoin, What’s, Leslie Thompson, Warren Buffett’s, Zachary Hill, ”, Elisabeth Buchwald, Samantha Delouya, Ron DeSantis, DeSantis, Disney’s, Bob Chapek, “ Don’t, ” Chapek, ” DeSantis, “ I’m, Read, Francis Scott Key, Alicia Wallace, ” Christopher Phelan, ” Read Organizations: CNN Business, Bell, New, New York CNN, Traders, Dow Jones Industrial, Nasdaq, Investment Research, Dow, Apple, Nvidia, Meta, Microsoft, Spectrum Wealth Management, Companies, FactSet, Research, Horizon Investments, Disney, Central, Republican Gov, Central Florida Tourism, Twin, University of Minnesota, CNN Locations: New York, China, Florida, Central Florida, Central Florida Tourism District, Orlando, Baltimore, Minneapolis, Mississippi, Twin Cities, Mighty Mississippi, Minnesota

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Disney CEO Bob Chapek on ESPN's futureBob Chapek, former Disney CEO, sat down with CNBC's Alex Sherman in his first public interview since leaving Disney to discuss his thoughts on ESPN's future.

Persons: Bob Chapek, CNBC's Alex Sherman Organizations: Former, Disney

☆ Former Disney CEO Bob Chapek breaks silence, says there's no strategic need for ESPN partners
▼ + stars: | 2024-03-21 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

In his first public comments since Disney fired him as CEO in November 2022, Bob Chapek told CNBC he sees no reason for Disney-owned ESPN to add minority partners. The company hasn't yet announced a deal to sell a stake in ESPN. Disney owns 80% of ESPN and Hearst owns the other 20%, a structure that's been in place since 1996. Bringing on a technology or telecommunications company such as Verizon or Apple could give ESPN broader distribution options by reaching larger customer bases. That is something, as Bob [Iger] has said, that we are very much open to, but this is about partnership and accelerating the launch or the adoption of ESPN flagship."

Persons: Bob Chapek, Chapek, Bob Iger, CNBC's David Faber, Disney, Iger, Disney's, Jimmy Pitaro, Pitaro, Bob Organizations: Disney, CNBC, ESPN, National Football League, National Basketball Association, Hearst, Verizon, Apple Locations: American

☆ Trian's $25 million battle for Disney board seats could be Nelson Peltz's last fight as the most powerful activist investor on the market
▼ + stars: | 2024-03-20 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAs Trian Partners — Nelson Peltz's hedge fund — wages a multimillion-dollar proxy war over two Disney board seats, some wonder whether this is the last big fight for the 81-year-old activist investor, The Wall Street Journal reported. The Journal spoke with roughly two dozen people familiar with Trian's leadership circle and internal workings for its report. Related storiesTrian has invested roughly $25 million in its battle for control over two Disney board seats in the election set for April 3. The hedge fund currently holds a 1.8% stake in Disney — roughly 32.3 million shares, worth $3.6 billion, per Variety.

Persons: —, — Nelson, Trian they'd, Matt, Trian, gunning, Bob Iger, Iger, Bob Chapek, Trian's, we're Organizations: Service, Disney, Street Journal, Pepsi, Heinz, Procter, Gamble, Business, GE, California State Teachers, New, Diesel, Blackwells, Iger, Bloomberg Locations: New York, Asia, Iger

☆ Disney paid ValueAct millions in fees before winning its support in proxy fight, activist says
▼ + stars: | 2024-03-12 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Blackwells Capital, which previously voiced support for Iger and Disney management, said ValueAct had been managing more than $350 million in Disney pension funds in a relationship stretching back to 2013. Blackwells has estimated that Disney paid a cumulative $95 million in fees to ValueAct from 2014 to 2022. Disney and Trian have been in the throes of a proxy fight since October, with the fight intensifying as Disney's annual shareholder meeting nears. Disney has repeatedly voiced its support for Iger and has highlighted that its directors have experience overseeing successful succession planning. Representatives for Disney, Blackwells and ValueAct did not respond to requests for comment outside of normal business hours.

Persons: Robert Iger, Blackwells, Mason Morfit, ValueAct, Bob Iger, Nelson Peltz's Trian, Trian, Bob Chapek, Peltz Organizations: Disney, Dolby Theatre, ValueAct Capital, Nelson Peltz's Trian Partners, Blackwells, Department of Labor Locations: Hollywood , California, Iger

Disney's fiscal first-quarter earnings per share beat expectations and it said its full-year EPS will rise at least 20% from 2023. Iger also unveiled his strategy and timeline for bringing Disney's flagship sports network ESPN into the streaming era. AdvertisementThe company will launch a stand-alone streaming service with ESPN and its sister networks in the fall of 2025, something Iger called "inevitable." Even if there's consumer demand, the JV faces several hurdles, from challenges brought by existing distributors to antitrust opposition, LightShed Partners wrote in a note published ahead of Disney's earnings release. Challenges aside, the new sports streaming strategy is a big step forward for Iger and Disney.

Persons: —, Bob Iger's, Iger, Taylor Swift, Nelson Peltz, Bob Chapek's, Peltz's, Disney, Paul Verna, Alpha, LightShed, Iger didn't, Trian, Elon Musk, Gina Carano's, Iger's Organizations: Service, Disney, Epic Games, Peltz's Trian Fund Management, Blackwells, ValueAct, Business, Iger, Insider Intelligence, ESPN, Disney's, Fox, Warner Bros, JV, LightShed Partners, Marvel, CNBC Locations: Moana

☆ Disney files appeal after judge dismisses lawsuit against Florida Gov. Ron DeSantis and allies
▼ + stars: | 2024-02-01 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Disney is appealing a major setback earlier this week in its ongoing legal and political battle with Florida’s Republican governor Ron DeSantis. On Thursday, Disney filed a notice of appeal, challenging a Florida federal judge’s decision to throw out its case accusing DeSantis of punishing Disney for exercising its right to free speech. The judge ruled that Disney lacked standing to sue DeSantis and that the company’s claims against the governor’s oversight board failed on merit — a win for DeSantis. On Wednesday, a Disney spokesperson said the company was undeterred, despite the initial dismissal. The board has threatened to hike taxes, raise utility rates and develop the land around the entertainment giant’s Central Florida theme parks.

Persons: Ron DeSantis, Disney, DeSantis, Disney’s, Bob Chapek, ” Organizations: CNN, Disney, Republican, Florida federal, DeSantis, Walt Disney Parks and Resorts, Walt Disney World, Central, ” Locations: Florida, Central Florida

☆ The former CFO of Disney slams Bob Iger's approach to succession planning: 'It's a real black mark'
▼ + stars: | 2024-01-25 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewFormer Disney CFO Gary Wilson has slammed Bob Iger's approach to succession planning. This story is available exclusively to Business Insider subscribers. Iger's return has been marred by multiple setbacks, with Disney struggling to land hits at the box office last year. Representatives for Iger did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: —, Gary Wilson, Bob Iger's, Iger, Wilson, Bob Chapek, Jay Rasulo, Tom Staggs, Chapek, Iger's, Disney's, Andrew Ross Sorkin Organizations: Service, Disney, Business, Wall Street, Marvel, Marvel Studios, The New York Times, Business Insider

Activist investor Nelson Peltz is stating his case for joining Disney 's board. The proxy battle comes as Iger tries to streamline the sprawling media company to rein in spending and make its Disney+ streaming platform profitable. Peltz reiterated in a CNBC "Squawk Box" interview Thursday morning that he believes Disney's current board oversight is "awful." Peltz and Rasulo aim to execute a clear vision for the brand's theme parks, targeting "high-single digit operating income growth," according to the filing. Peltz told CNBC on Thursday that he paid a visit to Disney World last week.

Persons: Nelson Peltz, Peltz's, Peltz, Jay Rasulo, they'd, Rasulo, Bob Iger's, Bob Chapek, Trian, Iger, that's Organizations: Disney, Peltz's Trian Fund Management, Netflix, CNBC, ESPN, Hollywood Studios, CNBC PRO Locations: Kingdom

☆ What activist investor Nelson Peltz can bring to the board of underperforming Disney
▼ + stars: | 2024-01-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Trian officially nominated Peltz and former Disney CFO Jay Rasulo as directors for consideration at the company's upcoming annual meeting. Trian oversees about $3 billion worth of Disney stock. The board oversight is awful," the activist investor told Jim, who agrees. In March 2018, Peltz joined the board of Procter & Gamble — a relationship that led to market share gains and improved financial performance. Peltz has been pushing Disney board representation since the beginning of 2023 .

Persons: Trian, Nelson Peltz, Peltz, Jay Rasulo, Disney, Morgan Stanley, James Gorman, Ike Perlmutter's, Bob Iger, Jim, we've, Procter & Gamble, there's, Iger, Bob Chapek, Jim Cramer's, Jim Cramer, David A Organizations: Trian Partners, Disney, Marvel Entertainment, missteps, CNBC, ESPN, DIS, Procter &, Netflix, Alpha, Grogan Locations: New York

☆ Bob Iger made $31.6 million as Disney’s CEO last year
▼ + stars: | 2024-01-16 | by ( Samantha Delouya | ) edition.cnn.com time to read: +1 min

CNN —Disney CEO Bob Iger raked in $31.6 million in compensation last year – a multi-million-dollar boost from his income the year before. Iger’s 2023 pay package included a base salary of $865,385, stock awards totaling $16.1 million, $10 million in stock option awards, $2.1 million in performance-based compensation and $2.48 million in other compensation, according to The Walt Disney Company’s annual proxy statement, which was filed Tuesday. In 2022, Iger brought in $15 million in total compensation, according to the filing. Iger served as Disney’s CEO from 2005 to 2020, but he reemerged from retirement in November 2022 to replace his hand-picked successor, Bob Chapek, less than three years after Chapek took over the role of Disney CEO. Although Chapek left the entertainment company in 2022, he still made $9.9 million in total pay from Disney last year, according to the filing.

Persons: Bob Iger, Walt Disney, Iger, Bob Chapek, Chapek, Disney Organizations: CNN, Disney

☆ Haley, DeSantis clash over Disney and government's role in business
▼ + stars: | 2024-01-11 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

Ron DeSantis and former U.S. Ambassador to the United Nations Nikki Haley participate in the Republican presidential debate hosted by CNN at Drake University in Des Moines, Iowa, on Jan. 10, 2024. Ron DeSantis and Nikki Haley butted heads Wednesday night over the role of government in regulating private business practices during the final Republican primary debate before the Jan. 15 Iowa caucuses. "Now, Nikki Haley sided with Disney. The exchange between Haley and DeSantis about Disney served to highlight a fundamental difference between the two candidates.

Persons: Ron DeSantis, Nikki Haley, Nikki Haley butted, DeSantis, Haley, Ron, Bob Chapek, Chapek, Disney Organizations: Florida Gov, U.S, United, CNN, Drake University, WASHINGTON —, WASHINGTON — Florida Gov, Walt Disney Co, Disney, CNBC PRO Locations: Florida, Des Moines , Iowa, WASHINGTON, WASHINGTON — Florida, Iowa, South Carolina, The Florida

☆ James Gorman talks Disney succession, proxy fight as he gears up to join board
▼ + stars: | 2023-12-21 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

Morgan Stanley CEO James Gorman said Thursday that he's gearing up to join a succession planning committee at Disney , which will advise the board on choosing CEO Bob Iger's successor. Trian said it would push for Peltz and former Disney executive Jay Rasulo to join the board. "Disney is forming a succession committee, which I'll be joining," Gorman told CNBC's David Faber. Disney said Gorman was referring to the succession committee the company announced in January. Before he ended his previous reign as CEO, Iger renewed his contract multiple times.

Persons: Morgan Stanley, James Gorman, Bob Iger's, Gorman, Jan, Jeremy Darroch, Nelson Peltz, Trian, Jay Rasulo, CNBC's David Faber, Morgan Stanley's, he's, Disney, Iger, Bob Chapek Organizations: Disney, Sky, CNBC

☆ 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

☆ Activist investor urges Disney to add Trian's Nelson Peltz to its board
▼ + stars: | 2023-12-05 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

Activist investor Ancora on Tuesday urged Disney to put Nelson Peltz on its board, days after Peltz and his firm, Trian, launched a proxy fight with the entertainment giant. "Mr. Peltz (or a qualified designee) would make a fantastic addition to Disney's Board." Trian oversees about $3 billion in Disney stock, but the overwhelming bulk of the shares is owned by Perlmutter, whom Disney laid off earlier this year. Trian is seeking more than two seats on Disney's board, which is populated by directors seen as loyal to Iger. Ancora owned more than 60,000 shares of Disney as of September, according to FactSet.

Persons: Ancora, Disney, Nelson Peltz, Peltz, Bob Chapek, Bob Iger, Ike Perlmutter, Trian, Perlmutter, Iger Organizations: Board, Trian Fund Management, Disney's, Disney, Marvel, CNBC PRO Locations: Trian

☆ Bob Iger says Disney needs a reality check about box office success
▼ + stars: | 2023-11-30 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

"We got to the point where if a film didn't do a billion dollars in global box office, we were disappointed," he said. Iger also blamed Disney putting quantity before quality for its box office misses. In response to questions about the company's box office misses, the CEO said: "I'm not sure another studio will ever achieve some of the numbers that we achieved." Disney can claim 10 of the 20 highest-grossing films, each of which took more than $1 billion at the box office, per IMDb. However, the film's now made $383 million globally, per Box Office Mojo.

Persons: Bob Iger, Iger, —, That's, Indiana Jones, Bob Chapek, Iger's Organizations: Disney, Service, The New York Times, Summit, Netflix

☆ Nelson Peltz renews proxy fight against Disney
▼ + stars: | 2023-11-30 | by ( Krystal Hur | ) edition.cnn.com time to read: +3 min

New York CNN —Activist shareholder Nelson Peltz’s Trian Fund Management has launched a new proxy fight against Disney, just months after backing off from its earlier push after returned chief executive Bob Iger announced a vast cost-cutting plan for the media conglomerate. Trian declined to comment on how many seats it is seeking on Disney’s board, but said in the release that Disney has turned down its request for representation, including for Peltz. Trian’s reignition of its proxy fight comes a day after Disney revealed a shuffle to its board, with Morgan Stanley CEO James Gorman and former CEO of Sky Jeremy Darroch to join as new directors. Peltz in January launched a bid for a seat on Disney’s board after the company fired Bob Chapek in November 2022. We will be watching,” Peltz said on CNBC shortly after the conclusion of Iger’s TV interview in February, where the chief executive laid out his cost-cutting plan, addressed right-wing criticism of Disney and his decision to return to the company.

Persons: Nelson Peltz’s, Bob Iger, ” Trian, Trian, Trian’s, Morgan Stanley, James Gorman, Sky Jeremy Darroch, ” “, ” Disney, Peltz, Bob Chapek, Chapek, Iger’s, Iger, “, ” Peltz, Disney, ” Iger, I’ve, ” — CNN’s Oliver Darcy Organizations: New, New York CNN, Management, Disney, Peltz, Sky, Walt Disney Company, Disney Parks, CNBC Locations: New York, Florida

☆ Bob Iger says Disney made too many sequels but he won't apologize for making them
▼ + stars: | 2023-11-30 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Quantity has diluted quality at Disney, CEO Bob Iger says. "I don't want to apologize for making sequels," he said. AdvertisementDisney CEO Bob Iger delivered a candid critique of his company during an interview at The New York Times DealBook Summit on Wednesday. And quantity, in our case, diluted quality, and Marvel has suffered greatly from that," Iger said. AdvertisementIn November 2022, Iger emerged from retirement to return to Disney as its CEO, a position he had previously held for 15 years.

Persons: Bob Iger, —, Iger, they've, Bob Chapek Organizations: Disney, Service, The New York Times, Summit, Marvel Locations: Kingdom, Disney's

☆ Disney CEO Bob Iger says company's movies have been too focused on messaging
▼ + stars: | 2023-11-30 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

New York Times columnist Andrew Ross Sorkin, left, and Bob Iger, CEO of The Walt Disney Company, speak during the Times' annual DealBook Summit in New York City, Nov. 29, 2023. Disney Chief Executive Officer Bob Iger said Wednesday he will no longer tolerate his company's partners and creative team prioritizing messaging over storytelling. Iger had been in charge of "creative endeavors" in 2020 and 2021, even while Bob Chapek ran the company as CEO. Disney named two new board members on Wednesday — former Morgan Stanley CEO James Gorman and former Sky CEO Jeremy Darroch — as it gears up for a potential proxy fight. Current Disney board member Francis A. deSouza won't run for reelection at the annual meeting.

Persons: Andrew Ross Sorkin, Bob Iger, Iger, It's, Disney's, Bob Chapek, Ron DeSantis, Sen, Ted Cruz, it's, I've, Nelson Peltz's, Morgan Stanley, James Gorman, Jeremy Darroch —, Francis A, deSouza Organizations: New York Times, Walt Disney Company, Times, Disney, Florida Gov, Management, Wednesday, Sky Locations: New York City, New York, Ted Cruz of Texas

☆ Disney CEO Iger promises 2026 exit, says ABC not for sale
▼ + stars: | 2023-11-29 | by ( Lisa Richwine | ) www.reuters.com time to read: +1 min

Disney's Chief Executive Officer Bob Iger holds a news conference at Shanghai Disney Resort as part of the three-day Grand Opening events in Shanghai, China, June 15, 2016. REUTERS/Aly Song/File Photo Acquire Licensing RightsLOS ANGELES, Nov 29 (Reuters) - Walt Disney (DIS.N) Chief Executive Bob Iger said on Wednesday he would "definitely" step down when his current contract ends in 2026 and that the ABC broadcast network was not for sale. Iger returned to Disney as CEO in November 2022, less than a year after he retired, to revamp the media company after the board ousted his hand-picked successor, Bob Chapek. Disney's ABC unit is not up for sale, Iger said as the company deals with a decline in linear television because viewers are shifting toward streaming. Iger had said earlier this year that networks such as ABC may not be "core" to Disney going forward.

Persons: Bob Iger, Aly, Walt Disney, Iger, Bob Chapek, Zaheer Kachwala, Lisa Richwine, Maju Samuel, Cynthia Osterman Organizations: Shanghai Disney Resort, REUTERS, ABC, New York Times Dealbook Conference, Shanghai, Disney, New York Stock Exchange, Thomson Locations: Shanghai, China, Bengaluru, Los Angeles

☆ Bob Iger says 'The Marvels' had little 'supervision' and Disney has made too many sequels
▼ + stars: | 2023-11-29 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

of The Walt Disney Company Bob Iger speak during the New York Times annual DealBook summit on November 29, 2023 in New York City. One year after returning to the helm of Disney , Bob Iger said Wednesday his top priority at the company is revitalizing its film studio after a string of box office disappointments including "The Marvels" and "Wish." "The experience of accessing [the films] and watching them in the home is better than it ever was," he told Andrew Ross Sorkin at The New York Times' DealBook Summit. In increasing its output to feed Disney+, Iger said the company "diluted" its quality, particularly when it came to its Marvel Cinematic Universe features. Iger returned as CEO a year ago as the board fired Chapek.

Persons: Andrew Ross Sorkin, Walt Disney Company Bob Iger, Bob Iger, Iger, Covid, Bob Chapek Organizations: Walt Disney Company, New York Times, Disney, The New York Times, Marvel Locations: New York City

☆ Disney, Facing Activist Investor Pressure, Adds 2 Board Members
▼ + stars: | 2023-11-29 | by ( Brooks Barnes | More About Brooks Barnes | ) www.nytimes.com time to read: +2 min

Mr. Perlmutter, who sold Marvel Entertainment to Disney in 2009, was pushed out of the company in March. Representatives for Mr. Peltz and Mr. Perlmutter did not respond to queries. “We have to obviously contend with them in some form,” Robert A. Iger, Disney’s chief executive, said about activist investors earlier on Wednesday at the DealBook Summit. I’m not going to get distracted by any of that.”Last year, Mr. Perlmutter agitated — from his perch inside Disney — for Mr. Peltz to join the board. Two chaotic years later, Disney fired Mr. Chapek and reinstated Mr. Iger as chief executive.

Persons: Peltz, Ike Perlmutter, Perlmutter, ” Robert A, Mr, Iger, I’m, ”, —, Disney, Bob Chapek, Chapek Organizations: Marvel Entertainment, Disney, Mr

☆ Marvel movies will be Bob Iger’s Disney priority after the cinematic universe suffered recent box office fails
▼ + stars: | 2023-11-29 | by ( Liam Reilly | Jon Passantino | ) edition.cnn.com time to read: +4 min

“Quality needs attention to deliver quality, it doesn’t happen by accident,” Iger said. Iger, speaking in a wide-ranging interview with Andrew Ross Sorkin at The New York Times’ annual DealBook summit, acknowledged that Disney had “diluted” the caliber of films produced by Marvel. The company, he added, had “made too many” film sequels that had not been well received by audiences or critics. Francis deSouza, the former CEO of Illumina — a biotech company — said he would not seek re-election to the board. In a statement, Mark Parker, the chairman of Disney’s board, praised Gorman’s succession planning abilities at Morgan Stanley.

Persons: CNN —, Bob Iger, ” Iger, ” “, Andrew Ross Sorkin, “, we’ve, ”, Iger, Bob Chapek, you’ve, Morgan Stanley, James Gorman, Sky Jeremy Darroch, Francis deSouza, Illumina, —, Mark Parker, Ted Pick, Gorman, James, Morgan Stanley’s, ” Parker, Samantha Delouya Organizations: CNN, CNN — Disney, Marvel Studios, Marvel, The New York Times, Disney, Sky, “

☆ 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

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