Disney CEO Bob Iger downplays talk of selling TV networks, including ABC
1 year ago

Disney CEO Bob Iger downplays talk of selling TV networks, including ABC

LA Times  

Walt Disney Co. Chief Executive Bob Iger at a Tuesday town hall for staff appeared to downplay his earlier comments suggesting he’d be willing to sell off Disney’s linear TV assets, adding that the company’s traditional networks’ “strategic value” remains “pretty significant,” according to people who attended the meeting. Last summer, Iger told CNBC that the company’s TV networks — which include ABC, FX and Freeform — “may not be core” to Disney’s business, resulting in a flurry of interest from potential buyers. Since his comments over the summer, Iger said his time spent reevaluating the company’s business has demonstrated the value of Disney’s trove of networks, particularly for its streaming services. “I can tell you that building is a lot more fun than fixing,” Iger said, echoing comments he made during the company’s most recent earnings call with analysts.

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History of this topic

Disney’s streaming business is profitable. Has direct-to-consumer hit a turning point?
1 month ago

Disney’s streaming business is profitable. Has direct-to-consumer hit a turning point?

LA Times  

It took billions of dollars in losses, a company-wide overhaul, cost-cutting and price hikes to get there, but Bob Iger and Walt Disney Co. appear to have reached a long-awaited turning point in the streaming business. Disney’s fourth quarter earnings were also buoyed by a strong showing from its resurgent film studios, which put out big hits with “Deadpool & …

Disney gives investors years to cheer about
1 month, 1 week ago

Disney gives investors years to cheer about

CNN  

New York CNN — Disney did something extraordinary Thursday, giving investors a rare three-year financial outlook, even at a time of economic uncertainty. Net income shot up 74% in the quarter to $460 million, or 25 cents a share, bring its full fiscal year earnings in just shy of $5 billion. It said it expects adjusted EPS for the new …

Disney and DirecTV: Why this TV rights battle might determine the fate of traditional television.
3 months, 2 weeks ago

Disney and DirecTV: Why this TV rights battle might determine the fate of traditional television.

Slate  

Like a typical millennial, I don’t have a cable subscription, and I don’t have many friends who do. - RC pic.twitter.com/9PdnBymi2r — Governor Roy Cooper September 6, 2024 It’s unclear when things will resolve, although Puck News’ John Ourand is guessing that, according to his “best sources,” Disney and DirecTV “will reach an agreement by early next week, probably before …

Disney’s streaming business turns a profit. But parks show signs of trouble
4 months, 2 weeks ago

Disney’s streaming business turns a profit. But parks show signs of trouble

LA Times  

After years of losses totaling billions of dollars, Walt Disney Co.’s overall streaming business has reached profitability for the first time. During the most recent quarter, ESPN+ helped boost Disney’s streaming business over the profitability hump, at a time when Disney+ and Hulu saw an operating loss of $19 million. “We’re bullish about the future of this business.” Achieving profitability …

Disney’s streaming business (sans ESPN+) turns a quarterly profit
7 months, 2 weeks ago

Disney’s streaming business (sans ESPN+) turns a quarterly profit

LA Times  

The Walt Disney Co. name appears on a screen on the floor of the New York Stock Exchange. The company’s “entertainment streaming” business, which consists only of Disney+ and Hulu, was profitable for the quarter, notching operating income of $47 million, compared with a loss of $587 million a year earlier. Although Disney’s streaming business was a bright spot for …

The four Disney executives who could succeed Bob Iger as CEO in two years
8 months, 3 weeks ago

The four Disney executives who could succeed Bob Iger as CEO in two years

LA Times  

Walt Disney Co. Chief Executive Bob Iger has prevailed in the company’s shareholder fight against billionaire dissident Nelson Peltz. “But again, they’re treating it with a sense of urgency because it is so important.” Disney historically promotes from within, but board members currently are looking at potential external candidates as well as four top executives: Disney Entertainment co-Chair Dana Walden, …

Why Bob Iger’s second act at Disney is looking brighter after a rough start
10 months, 1 week ago

Why Bob Iger’s second act at Disney is looking brighter after a rough start

LA Times  

After a bruising year of Hollywood strikes, wrenching job cuts and stock setbacks, Disney Chief Executive Bob Iger finally is racking up some wins. “It finally feels like the company has some financial control, in a way that Disney hasn’t felt in a number of years,” Michael Nathanson of the MoffettNathanson research firm said, adding that activist shareholders are also …

Bob Iger explains why Disney won’t advertise on X; ‘I respect Elon but…’
1 year ago

Bob Iger explains why Disney won’t advertise on X; ‘I respect Elon but…’

Live Mint  

Walt Disney CEO Bob Iger has explained why his company has stopped advertising on Elon Musk's social media giant X. Iger said that Musk's stance in agreeing with an anti-Semitic post meant that Disney's association with X wasn't a positive one for the company. Speaking at the New York Times Dealbook Summit, Iger began by praising Musk for his accomplishments …

Disney CEO Bob Iger touts streaming progress after a year of ‘fixing’
1 year, 1 month ago

Disney CEO Bob Iger touts streaming progress after a year of ‘fixing’

LA Times  

Bob Iger said Disney is ready to build its business again after a long period of “fixing.” Nearly a year after Bob Iger made his dramatic return to lead Walt Disney Co., the chief executive says the world’s best-known entertainment company is ready to build its business again after a long period of “fixing” what had gone wrong in his …

Why would Disney want to sell ABC?
1 year, 3 months ago

Why would Disney want to sell ABC?

LA Times  

Walt Disney Co. Chief Executive Bob Iger poses with Mickey Mouse at “Mickey’s 90th Spectacular” in 2018 at the Shrine Auditorium. An episode set in Disneyland or Disney World was a given for every family-centered ABC sitcom, from “Roseanne” to “black-ish.” ABC has long been part of the entertainment behemoth’s DNA, which is why it came as a shock when …

Behind Disney’s Spectrum blackout: A ‘proxy battle’ for the future of television
1 year, 3 months ago

Behind Disney’s Spectrum blackout: A ‘proxy battle’ for the future of television

LA Times  

Disney Chief Executive Bob Iger said during this summer’s Allen & Co. Sun Valley Conference in Idaho that Disney would eventually offer ESPN directly to sports fans, bypassing cable and satellite TV operators. “The money that the distributors pay for these channels is relevant, but this dispute is more about giving Charter flexibility to offer Disney and ESPN content any …

Column: A plague on both Disney and Spectrum for treating their customers like crap
1 year, 3 months ago

Column: A plague on both Disney and Spectrum for treating their customers like crap

LA Times  

Someone — either Walt Disney Co. or Charter Communications, the owner of Spectrum — owes me $38.05. That’s what I spent the other day for an indoor antenna to allow me to watch ABC-TV Channel 7, one of the 20 channels that Disney pulled off Spectrum last week in the two behemoths’ dispute over how many billions of dollars will …

Marvel diluted audience’s focus and attention with too many TV shows: Disney CEO Bob Iger
1 year, 5 months ago

Marvel diluted audience’s focus and attention with too many TV shows: Disney CEO Bob Iger

The Hindu  

The CEO of Disney, Bob Iger, has attributed some of their films not doing well to their increased number of TV shows. In an interview with CNBC’s David Faber at the Sun Valley Conference, Iger shared that the studio offered more streaming content than what the audience expected. “It’s reflective not as a problem from a personnel perspective, but I …

Disney CEO Earning About $27 Million A Year Calls Strike By Writers And Actors ‘Disturbing’
1 year, 5 months ago

Disney CEO Earning About $27 Million A Year Calls Strike By Writers And Actors ‘Disturbing’

Huff Post  

Bob Iger, CEO of Disney, walks to lunch at the Allen & Company Sun Valley Conference on July 12, 2023 in Sun Valley, Idaho. Kevin Dietsch via Getty Images Disney CEO Bob Iger said striking writers and actors, who are fighting for equitable wages and working conditions while entertainment CEOs have profited immensely from the rise of streaming, complained Thursday …

Disney’s ABC, ESPN Weakness Adds Pressure to Make Streaming Profitable
1 year, 7 months ago

Disney’s ABC, ESPN Weakness Adds Pressure to Make Streaming Profitable

Live Mint  

Disney’s traditional television business has gone from superhero to weak link in just a few short quarters. Operating income from Disney’s parks, experiences and products unit has exceeded that of the linear-TV business for two consecutive quarters for the first time since Disney launched its streaming business. “We would joke 10 years ago that the company could be called ESPN …

Disney Earnings to Shed Light on Streaming Progress as Restructuring Continues
1 year, 7 months ago

Disney Earnings to Shed Light on Streaming Progress as Restructuring Continues

Live Mint  

When Walt Disney Co. reports second-quarter earnings Wednesday afternoon, all eyes will be on streaming, but not for the usual reasons. Investors will be looking for the entertainment giant to show meaningful progress cutting losses in its direct-to-consumer business, which includes flagship streaming service Disney+, as well as other platforms such as Hulu, ESPN+ and India’s Hotstar. But as losses …

Disney got ‘The Simpsons’ and ‘Avatar.’ But some now see the Fox deal as a mistake
1 year, 10 months ago

Disney got ‘The Simpsons’ and ‘Avatar.’ But some now see the Fox deal as a mistake

LA Times  

Disney CEO Bob Iger arriving at the 92nd Academy Awards in February 2020 at the Dolby Theatre in Hollywood. Buying Murdoch’s studios undoubtedly allowed Disney to scoop up valuable franchises, including television’s longest-running scripted show, “The Simpsons,” as well as film juggernaut “Avatar,” giving Disney a slice of the $2.2 billion in global box office receipts from “Avatar: The Way …

Robert Iger restructures Disney’s Entertainment operations; Hulu's future in doubt
1 year, 10 months ago

Robert Iger restructures Disney’s Entertainment operations; Hulu's future in doubt

Firstpost  

Robert Iger is focusing more on family-friendly content and big-franchise stuff such as Star Wars and Marvel superhero content that can fuel the expansion of Disney+ streaming services as he restructures Disney’s entertainment strategy Robert Iger, who returned in a boardroom coup to become Disney’s CEO in November 2022, has started to sketch out a vision that involves slashing costs, …

Disney’s Bob Iger says ESPN is not for sale. Now the pressure is on
1 year, 10 months ago

Disney’s Bob Iger says ESPN is not for sale. Now the pressure is on

LA Times  

Disney CEO Bob Iger says ESPN is not for sale. Walt Disney Co. Chief Executive Bob Iger this week announced a “major transformation” for the entertainment media giant, raising a familiar question from Wall Street: What will happen to ESPN? Iger told CNBC on Thursday that ESPN will remain a part of the company “as long as it continues to …

Peltz ends Disney proxy fight after layoff announcement. Iger says company was ‘intoxicated’ by subscriber growth
1 year, 10 months ago

Peltz ends Disney proxy fight after layoff announcement. Iger says company was ‘intoxicated’ by subscriber growth

LA Times  

Billionaire activist investor Nelson Peltz on Thursday ended his proxy fight with Walt Disney Co. after Chief Executive Bob Iger announced details of a major restructuring and cost-cutting program that included 7,000 job cuts. We will be rooting.” Peltz added, “The proxy fight is over.” The influential investor had been lobbying Disney executives and board members since July in an …

Disney CEO Bob Iger commits to keeping ESPN, wants to retain NBA TV rights
1 year, 10 months ago

Disney CEO Bob Iger commits to keeping ESPN, wants to retain NBA TV rights

New York Times  

When The Walt Disney Company ousted CEO Bob Chapek in November and returned Bob Iger to his old post, the main questions in sports swirled around ESPN. Iger threw cold water on that idea, even though a new reorganization he unveiled on the call includes ESPN getting stripped out of Disney’s media and entertainment group. In discussing the cost cuts, …

Marvel, Andor, Pixar: What Disney boss Bob Iger needs to change now he’s CEO again
2 years, 1 month ago

Marvel, Andor, Pixar: What Disney boss Bob Iger needs to change now he’s CEO again

The Independent  

Get our free weekly email for all the latest cinematic news from our film critic Clarisse Loughrey Get our The Life Cinematic email for free Get our The Life Cinematic email for free SIGN UP I would like to be emailed about offers, events and updates from The Independent. A ban on Pixar follow-ups It’s been six years since Pixar …

Key players in the Disney leadership drama
2 years, 1 month ago

Key players in the Disney leadership drama

LA Times  

Walt Disney Co.’s bombshell news Sunday night that Bob Iger would return as chief executive sent shock waves throughout the Burbank entertainment giant, Hollywood and Wall Street. Bob Iger, newly appointed CEO of Walt Disney Co. Bob Iger, CEO of the Walt Disney Co., attends the Star Wars: Galaxy’s Edge Media preview event at the Disneyland Resort in Anaheim in …

Disney is set to overhaul its entertainment business with focus on streaming
4 years, 2 months ago

Disney is set to overhaul its entertainment business with focus on streaming

CNN  

New York CNN Business — If there was any question that Disney+ is the center of Disney’s media empire, the company took away all doubt on Monday. Disney announced a major reorganization of its media and entertainment business on Monday to “further accelerate” its streaming strategy. “These moves will not only result in higher quality content, and focused distribution, but …

With Disney+ in the spotlight, Disney revamps its business around streaming
4 years, 2 months ago

With Disney+ in the spotlight, Disney revamps its business around streaming

LA Times  

Emboldened by the success of Disney+, Walt Disney Co. is reorganizing its massive entertainment and media operations to focus on creating content for its streaming services in a major effort to accelerate its direct-to-consumer strategy, the company said Monday. Under the new corporate structure, Disney’s media and entertainment units will be organized into content businesses that produce movies, TV shows …

Activist investor to Disney: Double your streaming content budget
4 years, 2 months ago

Activist investor to Disney: Double your streaming content budget

LA Times  

Walt Disney Co. has already made a high-stakes bet to transform itself into a streaming video giant with Disney+. By suspending its $3-billion dividend, Disney could “more than double” its budget for producing and acquiring content for its streaming services, including Disney+, Loeb wrote. “With Disney’s superior tentpole franchises and production capabilities, we believe that the company can exceed the …

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