Tag: Bob Iger
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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…
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Disney Looks at Possibility of Licensing Content to Netflix
Disney is looking at licensing content to Netflix, Disney CEO Bob Iger has shared. In a recent earnings call, Iger shared that Disney is exploring a relationship with Netflix that could see different Disney titles on the competitor’s streaming service. However, not all titles from the House of Mouse would be ending up on Netflix.…
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Disney Earnings Q4 2023: CEO Bob Iger Reveals Four Building Opportunities
“Our progress has allowed us to move beyond this period of fixing and begin building our businesses again.” That was the message that Disney’s Chief Executive Officer Bob Iger had for investors and consumers after The Walt Disney Company (NYSE: DIS) reported its fiscal full year and fourth quarter earnings on Wednesday. Iger—who returned to the position…
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The Walt Disney Company Reports Fourth Quarter and Full Year Earnings for Fiscal 2023
BURBANK, Calif.–The Walt Disney Company (NYSE: DIS) today reported earnings for its fourth quarter and full year ended September 30, 2023. Financial Results for the Quarter and Full Year: Key Points: “Our results this quarter reflect the significant progress we’ve made over the past year,” said Robert A. Iger, Chief Executive Officer, The Walt Disney…
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Disney Employees Celebrate Disney100 with Special Events and Surprises
Disney commemorated its 100th anniversary on Monday with many magical moments from around the world, including a special event at The Walt Disney Studios. The company’s headquarters in Burbank, California, celebrated in style with music, cherished characters, VoluntEARS projects, and more. Disney CEO Bob Iger spent time walking the lot to enjoy the festivities, including stopping by VoluntEARS activations. He also…
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Imagineers Discuss Future of Walking Droids with Bob Iger and Josh D’Amaro After Disneyland Playtest
Recently, three walking droids that resembled BD-1 made an appearance at Disneyland’s Star Wars: Galaxy’s Edge for a playtest. These droids captivated those visiting in person and also the internet as photos and videos made their way online. Following this playtest, Disney CEO Bob Iger and Josh D’Amaro, Disney Parks, Experiences and Products Chairman, stopped…
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Disney Reveals Just How Profitable ESPN Is
The Walt Disney Company has revealed new numbers under it’s restructured business plan that shows just how much ESPN is worth to the company. After the return of Disney CEO Bob Iger to the head of the company, it was restructured into three main segments. Disney’s three main segments are now: New SEC filings show…
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Disney and Comcast Hire Investment Banks for Hulu Valuation
Progress continues to be made on the potential sale of Comcast’s remaining Hulu stake to Disney. Both Comcast and Disney have hired investment banks to rate the value of Hulu ahead of November 1st when either company can trigger an option to kick off the sale of Hulu. Hulu already has a minimum value of…
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Activist Investor Nelson Peltz Prepares for Another Run at Disney Board Seats
Activist investor Nelson Peltz is preparing to once again influence the board of The Walt Disney Company. The investor has been continuing to buy up Disney stock and now has a $2.5 billion stake in stock of The Walt Disney Company. The Wall Street Journal is reporting that Peltz is gearing up for another push…
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Analyst Says Disney ‘only credible challenger to Netflix’
Disney currently does not have the number one spot in terms of streaming. However, one analyst thinks that at some point it could dethrone Netflix for the top spot. More than that, it could be the only company that has a decent chance of doing this. This becomes because it could soon be taking complete…
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Disney Has Begun to Crack Down on Password Sharing
Disney has begun the processing of cracking down on password sharing on its streaming services. Starting on November 1st in Canada, it will be against Disney+ policy for subscribers to share their passwords with anyone outside of their household. The change to the policy was announced by Disney via an email to Canadian subscribers. In…
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Disney CEO Bob Iger Tells Analysts and Investors that Disney Will ‘Quiet the Noise’ in Culture Wars
As legal battles continue with Florida Governor Ron DeSantis, Disney CEO Bob Iger told analysts and investors that Disney will “quiet the noise” in culture wars. This comes after Governor Ron DeSantis attacked Disney for coming out against the “don’t say gay” law last year. Since then, the Governor has referred to the company as…
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Disney to Invest $60 Billion in Next 10 Years in Disney Parks and Cruise Line
Disney has announced that it intends to invest roughly $60 billion over the next 10 years “in expanding and enhancing domestic and international parks and cruise line capacity.” This is nearly twice the amount it spent in the last 10 years. The news comes as Disney CEO Bob Iger and other senior executives including Disney…
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How Oswald the Lucky Rabbit returned to The Walt Disney Company
Walt Disney once famously said that when it came to the creation of The Walt Disney Company—which celebrates its 100th anniversary this year—he hoped that audiences wouldn’t “lose sight of one thing — that it was all started by a mouse.” But it’s important that we don’t lose sight that a lucky rabbit also helped Disney get its…
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Florida Governor Ron DeSantis Urges Disney to Drop Lawsuit
He has fought Disney in the courts, in the state legislature, at the local district, and now in the media. Governor Ron DeSantis continued his feud with The Walt Disney Company in an interview with CNBC. In this interview, he urged Disney’s CEO Bob Iger to drop the lawsuit that the company has against him.…
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Password Sharing Crackdown on the Horizon for Disney+
During a earnings call this week, Disney CEO Bob Iger shared that password sharing is an area that could lead to potential growth. While specifics weren’t shared by Iger about what the plan is exactly, this is clearly something that Disney is looking at moving forward. “We are actively exploring ways to address account sharing…