Tag: Bob Iger
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Disney Shares Highlights of Bob Iger’s Morgan Stanley Conference Q&A
This last week Disney CEO Bob Iger had a question and answer session at the Morgan Stanley Conference. During this session, he highlighted where Disney is and where it is going. The overarching message that Iger gave during this conference was that of optimism. Speaking about how Disney is poised for a strong future, “I…
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ValueAct Capital Reiterates Support For Disney As Proxy Fight Continues
ValueAct Capital reiterated its support for The Walt Disney Company as billionaire Nelson Peltz’s Trian Fund Management continues to push its agenda in a proxy fight for seats on Disney’s board. “As legacy technologies transition to digital platforms, we believe Disney can lead the media industry forward,” ValueAct Co-CEO Mason Morfit said in a statement.…
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Disney Aims to Get Streaming Platforms to Netflix’s Technical Level
Disney CEO Bob Iger is acknowledging that the company is behind when it comes to streaming technology. Iger wants Disney to be on Netflix’s level in terms of technical capabilities, and that means Disney has some catching up to do. “We need to be at their level in terms of technology capability,” Iger said about…
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Disney Family Rallies Around Bob Iger Against Nelson Peltz Proxy Fight
It’s a continuous battle with good versus evil as the Nelson Peltz proxy fight continues against Disney. This time, the extended Disney family, which includes the grandchildren of Walt and Roy Disney, are joining forces to oppose Nelson Peltz, an activist investor who is waging a proxy battle for board seats. There are nine heirs…
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‘Moana 2’ Sees Auli’i Cravalho Return to Title Role
Later this year, movie-goers will be able to see the next chapter in the story of Moana when the second film in the franchise is released into theaters. When they do, they will be again hearing the voice of Auli’i Cravalho as Moana. The movie was announced last month to the surprise of many Disney…
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Disney and Reliance Announce Strategic Joint Venture in India
The Walt Disney Company and Reliance announced a strategic joint venture today that would see the merger of both companies digital streaming and television assets. This promises to create a world class leader across both entertainment and sports in India that will be an $8.5 juggernaut. In the deal, Reliance will invest $1.4 billion in…
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Disney CEO Bob Iger To Participate In The Morgan Stanley Technology, Media & Telecom Conference
Disney has announced that Bob Iger, the CEO of the company, will be participating in a question and answer session as part of the Morgan Stanley Technology, Media & Telecom Conference. This will be taking place on March 5, 2024 at approximately 10:15 AM PT. Disney released the following statement on this event: BURBANK, Calif.,…
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Disney Stocks Have Best Day in Three Years After Earnings Report
The Walt Disney Company stock had its best day in over three years on Thursday after its Wednesday earnings call was full of announcements and also beat earnings estimates. Thursday saw Disney stock go up by 11%. This was the best day for the stock since December 2020. Some of the news the apparently excited…
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ESPN to Launch Stand Alone Streaming Service by Fall 2025
On an earnings call this week, Disney CEO Bob Iger shared that Disney is planning on having its stand alone streaming service for ESPN in place by the fall of 2025. Disney promised that this new streaming service would provide innovative digital features and create a one-stop sports destination that is unlike anything else available…
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Disney Makes Animated Announcements Regarding Future Releases
During its quarterly earnings call on Wednesday, February 87, 2024, Disney CEO Bob Iger made several announcements regarding the company’s future animated releases from both Walt Disney Animation Studios and also Pixar Animation Studios. Some of these were a surprise, others weren’t. Below is a look at the news that Bob Iger shared on the…
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Disney and Epic Games to Create Expansive and Open Games and Entertainment Universe Connected to Fortnite
The Walt Disney Company and Epic Games will collaborate on an all-new games and entertainment universe that will further expand the reach of beloved Disney stories and experiences. Disney will also invest $1.5 billion to acquire an equity stake in Epic Games alongside the multiyear project. The transaction is subject to customary closing conditions, including…
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Disney CEO Bob Iger Earned $31.6 Million in 2023
Disney CEO Bob Iger made $31.6 million in 2023 in all forms of income. This was a significant increase from the year before. Iger earned $865,385 for his base pay in 2023. Stock awards added an extra $16.1 million, stock options awards added $10 million, performance based compensation added $2.1 million, and he also earned…
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Disney Makes Case for Rejection of Nelson Peltz’s Board Nominations
On Tuesday, The Walt Disney Company rejected Nelson Peltz’s nominations for its board of directors. The Nelson Peltz-led Trian Fund Management, L.P. and its affiliates had nominated Nelson Peltz and former Disney CFO Jay Rasulo to the board. This effort was also backed by former Disney executive Isaac Perlmutter, who was let go during cuts made…
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Disney+ Available on Apple Vision Pro on February 2
Today Disney announced that Disney+ will be available on Apple Vision Pro starting on February 2nd. When it arrives, Disney+ subscribers will get to experience the streaming service in a completely new and immersive way. This will be a new immersive 3-D viewing experience that will transform user spaces into landscapes from Disney, Pixar, Marvel,…
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NFL Reportedly in Advanced Talks With Disney For Stake in ESPN
Disney may have found a partner for ESPN. The Los Angeles Times is reporting that the NFL and Disney are in advanced talks for the National Football League to take a stake in ESPN. If the deal were to go through, it would give Disney control over the NFL Network and other NFL media properties.…
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World’s First Zootopia-Themed Land Opens at Shanghai Disney Resort
Shanghai, December 19, 2023 – Shanghai Disney Resort celebrated the opening of the world’s first Zootopia-themed land at Shanghai Disneyland with a spectacular event befitting a mammalian destination where anyone can be anything. Based on the hugely successful Walt Disney Animation Studios film, Zootopia, the land is a celebration of new heights reached in storytelling made…
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Disney+ App Removed by Tesla as Elon Musk Continues to Feud with Disney CEO Bob Iger
Tesla has removed the Disney+ app from many of its car as Elon Musk continues to feud with Disney CEO Bob Iger. This comes after Disney removed advertising from X (formerly Twitter) following a study from Media Matters for America showed that its advertising was being placed next to antisemitic tweets/posts. This led to Elon…
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The Walt Disney Company Releases Statement on Trian’s Board of Directors Nominations
The Walt Disney Company responded to the nominations by Trian Fund Management, L.P. for the board of Disney. Today, Trian nominated both its CEO Nelson Peltz and also former Disney CEO Jay Rasulo to be on Disney’s board. “As Disney’s largest active shareholder, we can no longer sit idly by as the incumbent directors and…
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Disney CEO Bob Iger Sends Holiday Message to D23 Members
Bob Iger, CEO of The Walt Disney Company, sent a holiday message to D23 members. The message includes thanks for to these “dedicated” fans and also shares that while Disney concludes its celebration of its 100th anniversary, there is more to look forward to. The full message can be read below. Dear “Mr. Daps” We…
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Disney Makes Payment to Comcast for Hulu
Disney has written a very big check as part of the process of buying the final 33% of Hulu from Comcast. Comcast President Mike Cavanagh shared that an $8.61 billion dollar check arrived Friday. Cavanagh hoped it would be the first and not the last as Hulu continues to go through its valuation process. The current…
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Tim Allen Confirms Disney Has Reached Out to Him About Next ‘Toy Story’ Film And Also Shares His Ideas For Where the Story Could Go
Tim Allen has shared where things for him with the next Toy Story film. The update about Toy Story 5 comes after Disney CEO Bob Iger revealed that the film was in the works earlier this year. Hanks confirmed on Tuesday night on The Tonight Show that both he and Tom Hanks have been reached…
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Disney to Host Company-Wide Town Hall
The Walt Disney Company will be hosting a company-wide town hall on November 28, 2023. According to an internal memo by Disney CEO Bob Iger, the meeting will discuss future projects. This meeting comes one year after Bob Iger hosted a company-wide meeting one year ago after returning to the role of CEO. The meeting…
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Hong Kong Disneyland Celebrates Opening of World of Frozen with Special Dedication Ceremony
Hong Kong Disneyland officially opens World of Frozen on November 20, 2023. Ahead of the opening of this new magical area, a special dedication ceremony was held. This special dedication moment had Elsa using her magic to bring to life the World of Arendelle with her Ice Magic, with the help of Anna who announced…
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Disney Supports Next Generation of Military Veteran Leaders with $1 Million Donation to Student Veterans of America
The Walt Disney Company today announced a $1 million donation to Student Veterans of America (SVA) as part of its commitment to helping veterans find meaningful careers following their military service. With this donation, Disney becomes the founding sponsor of the upcoming SVA Career Center, which will empower veterans with the tools and guidance they need to…