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☆ It’s Netflix’s world, rivals just stream in it
▼ + stars: | 2023-05-24 | by ( Jennifer Saba | ) www.reuters.com time to read: +9 min

Cheaper streaming options with unique programming were luring viewers, leaving Netflix in a tough spot as it raised prices. Paramount+, started in 2021, is joining forces with sister Showtime to widen its offerings. Disney, Paramount and WBD also operate cable and broadcast networks, and don’t specify what portion of the expense is allocated to streaming. Its subscribers, worth $136 a year in revenue apiece, are also more valuable than those of its rivals. Warner Bros Discovery on May 23 rebranded its streaming service as Max, which will include HBO programming along with Discovery’s reality TV shows.

☆ 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.

☆ 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.

☆ 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.

☆ ABC News lays off senior executives in Disney's cost-cutting drive
▼ + stars: | 2023-03-30 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +2 min

March 30 (Reuters) - Walt Disney Co's (DIS.N) ABC News laid off several senior executives on Thursday, as it restructures its newsroom, two sources confirmed. Among those to lose their jobs in the restructuring were Wendy Fisher, senior vice president of news gathering; Galen Gordon, senior vice president of talent; Alison Rudnick, vice president of corporate communications; and David Herndon, executive director and Los Angeles bureau chief. Godwin named London bureau chief Katie den Daas as vice president of newsgathering, overseeing domestic and international teams. The business and operations team will expand to include talent, production and business affairs, reporting to ABC News Executive Vice President Derek Medina. Stacia Deshishku, executive editor and senior vice president of News, will assume responsibility for the investigative and enterprise reporting unit.

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.

☆ 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.

☆ 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.

☆ 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.

"This reorganization will result in a more cost-effective, coordinated approach to our operations," Iger told analysts on a conference call. Disney earlier reported its first quarterly decrease in subscriptions for its Disney+ streaming media unit, which lost more than $1 billion. Iger also repositioned the company to capitalize on the streaming revolution, acquiring 21st Century Fox's film and television assets in 2019 and launching the Disney+ streaming service that fall. Now, Iger will seek to put Disney's streaming business on a path to growth and profitability. It reorganized its business in 2018 to accelerate the growth of its streaming business, and again in 2020, to further spur streaming's growth.

Iger said he would reorganize the company into three segments: an entertainment unit that encompasses film, television and streaming; a sports-focused ESPN unit; and Disney parks, experiences and products. "This reorganization will result in a more cost-effective, coordinated approach to our operations," Iger told analysts on a conference call. Disney earlier reported its first quarterly decrease in subscriptions for its Disney+ streaming media unit which lost more than $1 billion. Now, Iger will seek to put Disney's streaming business on a path to growth and profitability. It reorganized its business in 2018 to accelerate the growth of its streaming business, and again in 2020, to further spur streaming's growth.

The tussle with Disney could be Peltz's biggest proxy battle since an acrimonious fight to bag a seat on the board of Tide detergent-maker P&G (PG.N). During his more than three-year tenure on P&G's board, the firm's stock price rose nearly 80%. Peltz's Trian Fund Management on Thursday filed documents with the U.S. securities regulator for his election as a director after Disney denied him a board seat. "Iger is a well-liked CEO, not only within Disney and its employees but also in Hollywood and the stock market. Investors will vote later this year on whether Peltz should sit on the company's board, unless it's settled before.

He will replace Bob Chapek, who took over as Disney CEO in February 2020 just as the COVID-19 pandemic led to park closures and visitor restrictions. Disney disappointed investors this month with an earnings report that showed mounting losses at its streaming media unit that includes Disney+. [1/2] Executive Chairman of the Walt Disney Company, Bob Iger arrives at the world premiere for the film 'The King's Man' at Leicester Square in London, Britain December 6, 2021. Disney did not respond to a request for comment on Trian and Trian did not respond to a request for comment. During his tenure, Disney made several key acquisitions, including Pixar Animation Studios, Marvel Entertainment and 21st Century Fox, and boosted its market capitalization five-fold.

He will replace Bob Chapek, who took over as Disney CEO in February 2020 just as the COVID-19 pandemic hit, leading to park closures and restrictions on visitors globally. Disney disappointed investors this month with an earnings report that showed mounting losses at its streaming media unit that includes Disney+. [1/2] Executive Chairman of the Walt Disney Company, Bob Iger arrives at the world premiere for the film 'The King's Man' at Leicester Square in London, Britain December 6, 2021. IGER'S RETURNSIger exited Disney on a high note as the company led the battle against Netflix in the streaming wars. During his tenure, Disney made several key acquisitions, including Pixar Animation Studios, Marvel Entertainment and 21st Century Fox, and boosted its market capitalization five-fold.

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