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The Walt Disney Company announced on Wednesday that a longtime executive at the company, Debra OConnell, would become the president of a newly created division that will include ABC News and the company’s local stations. Image Debra OConnell will become the president of a newly created division that will include ABC News and the company’s local stations. Credit... Randy Shropshire/Variety, via Getty ImagesThe reorganization mirrors what has taken place at other network news divisions. Several executives at NBC News report to Cesar Conde, the chairman of the so-called NBCUniversal news group, a division that includes local news and cable networks like MSNBC. Wendy McMahon, the president of CBS News, also oversees local stations.
Persons: Debra OConnell, OConnell, ” Kim Godwin, Debra, ” Dana Walden, Randy Shropshire, Cesar Conde, Wendy McMahon Organizations: Walt Disney Company, ABC, America, ABC News, Disney Entertainment, Variety, Getty, NBC, MSNBC, CBS News
Now, if a league or network isn't doing something to appeal to younger fans, they are behind the times. Nickelodeon will air its fifth NFL game on Sunday when the Kansas City Chiefs face the San Francisco 49ers for the Vince Lombardi Trophy. Networks and leagues also continue to experiment with social media and creating more viral highlights to keep younger fans interested. “There’s just so many more tools now at our disposal to address the complex consumption habits of young fans. The pie has many more pieces to it for young fans,” Lehanski said.
Persons: Vince Lombardi, Sean McManus, , ” McManus, they've, SpongeBob SquarePants, Patrick Star, Travis Kelce, it's, , Hans Schroeder, “ I’ve, Nate Burleson, Marvel, Dave Lehanski, Goofy, SpongeBob, Bruce Beck, Julie Sobieski, ESPN's, “ There’s, ” Lehanski, ___ Organizations: CBS, NFL, Nickelodeon, Kansas City Chiefs, San Francisco 49ers, CBS Sports, Media, Disney, ESPN, Atlanta Falcons, Jacksonville Jaguars, Nielsen, NHL, Big City Greens, NBA, Business Development, Innovation, Walt Disney Company, MLB Little, Williamsport, . Networks Locations: London, Williamsport , Pennsylvania
Disney said the partnership will see it work together with Epic to create new games using its intellectual property, including Disney, Pixar, Marvel, Star Wars and Avatar. Taylor Swift performs onstage during "Taylor Swift | The Eras Tour" at Allianz Parque on November 24, 2023 in Sao Paulo, Brazil. Disney lost customers on streaming platform Disney+, but revenue was higher due to a hike in subscription costs. Stock Chart Icon Stock chart icon Walt Disney Company share price. The Epic Games partnership could prove fruitful but is likely to be a "slow burn," he said in a note.
Persons: Bob Iger, Disney, Taylor, Taylor Swift, Buda Mendes, Ben Barringer, Quilter Cheviot, Nelson Peltz Organizations: Disney, Epic Games, Pixar, Marvel, Star Wars, ESPN, Allianz Parque, Getty, Walt Disney Company, Parks, CNBC Locations: Sao Paulo, Brazil, Buda
LOS ANGELES — The Walt Disney Company will report fiscal first-quarter results after the bell Wednesday as its board battles again with activist investor Nelson Peltz and Blackwells Capital. The media behemoth will also post earnings a day after it announced its sports network ESPN would partner with Fox and Warner Bros. Disney stock has climbed nearly 9% this year. Entertainment contains all of Disney's streaming and media operations, sports includes ESPN and experiences includes the company's theme parks, hotels, cruise line and merchandising efforts. Tune in: CNBC's Julia Boorstin is set to interview Disney CEO Bob Iger at 4:05 p.m.
Persons: Nelson Peltz, Peltz, Jay Rasulo, Bob Iger, Julia Boorstin Organizations: ANGELES, Walt Disney Company, Blackwells, ESPN, Fox, Warner Bros, Netflix, Disney, Star, Entertainment
The big storyCareer makersInflection AI, Maven, Forage, The GrandWhich startup would you recommend a friend or family member should work at? That was the prompt for Business Insider's VC and startups team as it compiled a list of early-stage companies to bet your career on . The list doesn't have specific parameters, Leena Rao, the deputy editor of BI's VC and startups team, told me. With so much money pouring into AI startups, founders' attention will naturally be drawn to the tech when thinking about their next project. Meanwhile, the volatility among startups comes at a time of broader instability for the tech industry.
Persons: , Elon Musk, Taylor Swift, Leena Rao, Maven, Alyssa Powell, Ben Bergman, there's, Moody's, Paul Tudor Jones, We've, Jenny Chang, Rodriguez, OpenAI, Samantha Stokes, Andrea Chronopoulos, Bob Iger, Lachlan Murdoch, David Zaslav, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Business Insider's, Big Tech, Meta, Flagstar Bank, Facebook, YouTube, Google, BI, ESPN, Warner Bros, Fox, Walt Disney Company Locations: NYCB, New York, London
Moana and Maui are sailing back to the big screen, very quickly. “Moana 2” is coming to theaters in November, Walt Disney Company CEO Bob Iger said Wednesday. “Moana 2” was directed by Dave Derrick Jr. and will feature music by Grammy winners Abigail Barlow and Emily Bear, Mark Mancina, and Grammy nominee Opetaia Foa’i. The first film made over $680 million at the global box office and has been streamed for over 1 billion hours on Disney+. Dwayne Johnson is also at work on a live-action “Moana” for the company.
Persons: Bob Iger, Moana, , she’s, ” Iger, Dave Derrick Jr, Abigail Barlow, Emily Bear, Mark Mancina, Opetaia Foa’i, Dwayne Johnson Organizations: Walt Disney Company, , Disney Locations: Moana, Maui, Oceania
Elon Musk poked the Walt Disney Company anew on Tuesday by agreeing to fund a wrongful-termination lawsuit filed by the “Mandalorian” actress Gina Carano. “Please let us know if you would like to join the lawsuit against Disney,” Mr. Musk, seemingly trawling for other plaintiffs, wrote in a post on X, which he bought in 2022. Disney dropped Ms. Carano, a former mixed-martial artist, from “The Mandalorian” in 2021 after she espoused baseless conspiracy theories and right-wing positions, some of which were seen as homophobic and antisemitic, in a series of social media posts. Lucasfilm, the Disney division that makes “The Mandalorian,” said in a statement at the time that Ms. Carano’s “social media posts denigrating people based on their cultural and religious identities are abhorrent and unacceptable.”United Talent Agency also dropped Ms. Carano. Ms. Carano’s suit, filed on Tuesday in federal court in California, seeks a court order forcing Disney and Lucasfilm to weave her “Mandalorian” character back into episodes and recast her for the part.
Persons: Elon Musk, Gina Carano, Mr, Carano, , Carano’s Organizations: Walt Disney Company, Disney, Lucasfilm, United Talent Agency Locations: California
Gina Carano is suing Disney and Lucasfilm with Elon Musk's financial backing. The "Mandalorian" actor was fired from the show in 2021 after a string of social media controversies. Elon Musk's X Corporation is funding Carano's lawsuit against The Walt Disney Company and Lucasfilm, attorneys for the actor said in a Tuesday press release. AdvertisementIn a Tuesday post on X, Carano denied comparing Republicans to Jewish people. Attorneys for Carano said Tuesday that Musk's X Corporation is paying for her lawsuit.
Persons: Gina Carano, Carano, , Disney, Elon, Cara Dune, mischaracterizing, lockdowns, Musk, Elon Musk, Carano's Organizations: Disney, Lucasfilm, Elon, Service, Elon Musk's X Corporation, Walt Disney Company, Carano, Business, Twitter, Corporation, Republicans Locations: California
ESPN, Fox and Warner Brothers Discovery announced plans on Tuesday to launch a sports streaming platform in the fall that will include offerings from at least 15 networks and all four major professional sports leagues. “This new sports service exemplifies our ability as an industry to drive innovation and provide consumers with more choice, enjoyment and value and we’re thrilled to deliver it to sports fans,” Warner Brothers Discovery CEO David Zaslav said in a statement. Photos You Should See View All 45 ImagesIt will include offerings from 15 linear networks — ESPN, ESPN2, ESPNU, SEC Network, ACC Network, ESPNEWS, ABC, FOX, FS1, FS2, Big Ten Network, TNT, TBS, truTV — and ESPN+. The announcement of the bundle also comes as ESPN and Warner Brothers Discovery are preparing to enter negotiations to renew their NBA rights, which expire at the end of next season. ESPN has also been searching for strategic partners as it prepares to launch a direct-to-consumer product in the next year or two.
Persons: , David Zaslav, truTV —, , Lachlan Murdoch, Bob Iger Organizations: ESPN, Fox, Warner Brothers Discovery, ” Warner Brothers Discovery, NFL, NBA, MLB, NHL, WNBA, NASCAR, FIFA, ESPN2, ESPNU, SEC Network, ACC Network, ABC, FOX, Big Ten Network, TNT, TBS, Disney, ” Fox, ” Walt Disney Company Locations: Hulu
It's time to buckle up: Investors holding these stocks could be in for a wild ride this week. A review of companies set to report earnings this week shows that some names may post sharp moves following their results, according to CNBC calculations based on FactSet data. For example, Snap , which reports Tuesday, could see its stock price move up or down about 17% following the news. Here are some other stocks that may move the most in response to news this week. Affirm , the buy now, pay later financial services company, could move up or down 15% following its earnings results, which are set for release Thursday.
Persons: John Butters, Morgan Stanley Organizations: CNBC, Ford Motor, Walt Disney Company, PepsiCo, Spirit Airlines, Palantir Technologies
Fans of “The Bear” won’t be able to use a friend’s Hulu account to watch Season 3. The Walt Disney Company, which owns Hulu, joined Netflix this week in banning password sharing in an effort to boost the company’s subscriber numbers and make its streaming services business profitable. In an email to its subscribers on Wednesday, Hulu said it would start “adding limitations on sharing your account outside of your household,” beginning March 14. The company added that it would analyze account use, and that it could suspend or terminate accounts that shared login details beyond their households. On Jan. 25, Disney+, ESPN+ and Hulu, all services owned by Disney, updated their terms of service agreements to prohibit viewers from “using another person’s username, password or other account information” to access their content.
Persons: won’t, Hulu Organizations: Walt Disney Company, Hulu, Netflix, Disney, ESPN Locations: , Hulu
Ron DeSantis of Florida, a federal judge on Wednesday threw out a lawsuit filed by the Walt Disney Company claiming that Mr. DeSantis and his allies violated the company’s First Amendment rights by taking over a special tax district that encompasses Walt Disney World. Disney and Mr. DeSantis, who recently ended his campaign for president, have been at odds for nearly two years over Disney World, the 25,000-acre theme park and resort complex south of Orlando. Before the takeover took effect, however, Disney signed contracts — quietly, but in publicly advertised meetings — to lock in development plans worth some $17 billion over the next decade. An effort by Mr. DeSantis and his allies to void the contracts resulted in dueling lawsuits, with Disney suing Mr. DeSantis and the tax district in federal court and the new appointees returning fire in state court. On Wednesday, Judge Allen Winsor in U.S. District Court for the Northern District of Florida in Tallahassee dismissed the federal case in its entirety.
Persons: Ron DeSantis, DeSantis, Disney, — Mr, , Judge Allen Winsor Organizations: Gov, Walt Disney Company, Walt Disney, Disney, Northern, Northern District of Locations: Florida, Orlando, U.S, Northern District, Northern District of Florida, Tallahassee
Bill Gates wants ultra-wealthy individuals to pay more tax — and now a growing chorus of billionaires agree. Gates doubled down on his calls to tax the rich in a panel at the World Economic Forum in Davos this week. It seems others agree, as more than 250 ultra-wealthy people signed an open letter calling for global leaders to impose a wealth tax. "Our request is simple: we ask you to tax us, the very richest in society," the letter says. The open letter's signatories includes Abigail Disney , whose grandfather Roy O. Disney cofounded The Walt Disney Company.
Persons: Bill Gates, Gates, Abigail Disney, Roy O, Disney, Brian Cox, Valerie Rockefeller, Rockefeller Organizations: Service, Business, Microsoft, Economic, Walt Disney Company, Patriotic Millionaires, Patriotic Millionaires UK, TaxMeNow, Humanity, Oxfam, Boeing, Disney Locations: Davos, California, New York
Abigail Disney expressed regret for flying solo on her family's private jet nearly two decades ago. The Disney heiress made the comments in a report titled "Proud to Pay More." AdvertisementThe Walt Disney Company heiress and filmmaker Abigail Disney said it was "wrong" for her to fly on her family's private Boeing 737 plane alone. Abigail Disney is the granddaughter of Roy O. Disney, who cofounded The Walt Disney Company alongside his brother, Walt Disney. AdvertisementShe said that "one of the greatest luxuries" she experienced growing up was her family's private jet, but one of her strongest memories of using the plane was "actually not so fond."
Persons: Abigail Disney, , Roy O, Walt Disney, Disney, She's, Bob Iger Organizations: Disney, Service, Walt Disney Company, Boeing, Financial Times, SEC Locations: California, New York
Consumer spending accounts for about 70% of America’s gross domestic product, the broadest measure of the US economy, so a recession is nearly impossible as long as consumer spending is growing. Wednesday’s report is expected to be a good one — economists polled by FactSet expect that a strong holiday shopping season boosted consumer spending by 0.4% in December from the month prior. But new data from the New York Federal Reserve on Tuesday has soured the mood on Wall Street. The outlook for consumer spending doesn’t look so bright, either. The trend marked the deepening of a demographic challenge set to have significant implications on the world’s second largest economy, report my colleagues Laura He and Simone McCarthy.
Persons: Alicia Wallace, shutdowns, It’s, Brian Moynihan, , CNN’s Richard Quest, they’ve, Bob Iger, Samantha Delouya, Walt Disney, Iger’s, Disney, Laura, Simone McCarthy Organizations: CNN Business, Bell, New York CNN, FactSet, New York Federal Reserve, Consumer, Hamas, Federal Reserve, Bank of America, Economic, Disney, National Bureau of Statistics, Communist, NBS Locations: New York, Suez, Iranian, Asia, Europe, United States, Drewry, Davos, Switzerland, China, Communist China
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
But on the eve of the caucuses, DeSantis is on the brink in a state where he’s banked his entire campaign. Big donors soon discovered that the Florida governor could be a flat and uninspiring candidate. It was a cringeworthy moment that could become a pitiful emblem of busted hopes if the Florida governor doesn’t mount a comeback on Monday. “If the number that we have is anywhere close to reality, he’s going to have a very, very good night,” Vander Plaats said. An Iowa defeat for DeSantis would be especially bitter, because after months on the trail, he’s a far more polished candidate.
Persons: Ron DeSantis, Donald Trump, DeSantis, Nikki Haley, Trump, , ” DeSantis, he’s, – Jeb Bush, Marco Rubio, Scott Walker, Haley, , Jake Tapper, It’s, Trump’s, Anthony Fauci, invigorated, weaponizing, she’s, DeSantis remorselessly, Ron, doesn’t, Mike Huckabee, Pennsylvania Sen, Rick Santorum, Texas Sen, Ted Cruz, Bob Vander Plaats, ” Vander Plaats, He’s, “ Donald Trump, Steve Deace, “ Ron DeSantis, ” Deace, postmortems, “ He’s, That’s, I’m, Fox, Bob Rommel Organizations: Des Moines , Iowa CNN, Florida Gov, Republican, GOP, Republicans, Des Moines Register, NBC, South Carolina Gov, PAC, Wisconsin Gov, South, Trump, Iowa, Walt Disney Company, Yale, Harvard, Elon, Twitter, CNN, West, Arkansas Gov, Texas, Fox News, Fox Locations: Des Moines , Iowa, Florida, Iowa, South Carolina, New Hampshire, “ State, Texas, West Des Moines, Pennsylvania, Urbandale , Iowa, Naples
New York CNN —Republican presidential candidates Nikki Haley and Ron DeSantis sparred on a wide range of economic issues during the CNN GOP presidential debate on Wednesday evening. But as ​​Haley and DeSantis duked it out to crown themselves the most fiscally prudent candidate, some clear economic themes began to emerge that will likely have a big influence on the upcoming Republican primaries and beyond: China, debt levels and the government’s role in business. ChinaBoth Haley and DeSantis sought to prove how tough they could be on China. But as my colleague Elisabeth Buchwald points out, the US and China are the first- and second-largest economies in the world. President Joe Biden has also made reducing economic dependence on China a platform in both his 2020 and 2024 campaigns.
Persons: Nikki Haley, Ron DeSantis sparred, Nancy Pelosi’s, , , Ron, you’re, Haley, ​ Haley, DeSantis, Donald Trump, Elisabeth Buchwald, Joe Biden, DeSantis didn’t, Trump, wouldn’t, ” DeSantis, Gary Gensler, “ I’m, ” Sen, Sherrod Brown, Brown, Nick Smart, It’s Taylor, Taylor, Swift, Ramishah Maruf, “ Taylor Swift, Pollstar Organizations: CNN Business, Bell, New York CNN, Republican, CNN, Social Security, Walt Disney Company, FBI, SEC, Securities, Exchange, SEC’s, , Banking Committee, Spotify, AMC, Bloomberg Locations: New York, China, Iowa, Beijing, United States, South Carolina, Florida, DeSantis
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
Ziegler admitted to having sex with the alleged victim, but said the sex was consensual and that he recorded the encounter. In one alleged exchange on October 27, the alleged victim wrote: “I’m not okay with what happened the other day between us”. “Yeah I know but that was not cool and you didn’t bring her [Bridget] and then did that to me,” the alleged victim responded. In one call, the alleged victim allegedly told Ziegler “he sexually assault her” and Ziegler replied, “Those are big words, please don’t, no I didn’t. Christian Ziegler, 40, has also fiercely defended DeSantis’ agenda against national backlash from LGTBQ groups.
Persons: Ron DeSantis, Christian Ziegler, , , Ziegler, Bridget, , Christian, Christian “, Bridget Ziegler, “ Christian, That’s, Lol, ” Ziegler, Ziegler “, Derek Byrd, ” Byrd, DeSantis, Walt Disney, ” DeSantis, I’ve, They’ve Organizations: CNN, Florida’s Republican Party, Florida Gov, GOP, Sarasota Police Department, Florida Center, Government, Christian, Police, Google, ” CNN, Sarasota County, Liberty, Walt, Washington Examiner Locations: that’s, Florida, Central Florida
Yet I was one of the millions tuning into “The Golden Bachelor” premiere because I wanted to know how they would handle aging. As an older mom, I am fascinated by the media’s portrayal of older women. Consider this: the women of “The Golden Girls” — Blanche, Dorothy and Rose — were in their 50s in 1985, when the show about old women began. “Is anyone watching ‘The Golden Bachelor’ and thinking, ‘maybe I shouldn’t be so scared to get older…. “I feel like as someone in her 20s it’s scary, like how am I going to look when I’m older?
Persons: Amy Klein, , Amy Klein Mira Zaki, Gerry Turner —, , it’s, Mary McNamara, Michelle Cottle, They’re, they’re, Xer, I’m, ” Cottle, John Fleenor, Vladimir ”, she’s, frailty, Alice, — Blanche, Dorothy, Rose —, Carrie, Miranda, Charlotte, Manolo Blahnik, ” Charlotte, Galit Nimrod, , ” It’s, Gerry, , Eva Gutowski, ” Ellen Goltzer, Marina Perera Organizations: CNN, Nation, Los Angeles Times, The New York Times, Walt Disney Company, Max, verve Locations: Worth
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
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
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
Iger has had nothing short of a full plate since retaking the throne of the Magic Kingdom last year. He’s been tasked with repositioning ESPN in a direct-to-consumer future, reversing the company’s faltering creative engine (e.g. In short, it’s been a demanding 12 months for the legendary Disney chief — something Iger was not shy about. But it is still unclear what Iger would like to do with some of the company’s declining television assets, namely ABC. “I’ve been through some difficult times and faced a lot of adversity as a company,” Iger told Disney employees, “and I know that each time we get through it.”
Persons: Bob Iger, Iger, David Muir, He’s, it’s, ” “, ” Iger, , I’ve, he’s, Will, Muir, , Dana Walden, ” Walden, Jimmy Pitaro, Mickey Mouse, ” Pitaro, Pitaro Organizations: CNN, New Amsterdam Theatre, Disney, , ABC, Magic, ESPN, Marvel Studios, Hulu, Hollywood, Walt Disney Company, ABC News, Disney Entertainment Locations: New York City, , Israel
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