EXCLUSIVE: Sunday will not be a day of rest for SAG-AFTRA leadership and the studios this weekend.
09.10.2023 - 04:13 / variety.com
William Earl Activist investor Nelson Peltz has amassed a $2.5 billion stake in Walt Disney Co. and is preparing to make a second run at pressuring the company to grant him with board seats, the Wall Street Journal reported Sunday. Peltz’s Trian Fund Management is responding to the steady slide in Disney shares, which are down about 16% for the year to date.
In January, Trian unleashed a targeted campaign to criticize Disney’s corporate management and recent under-performance of the stock. Peltz pushed to have himself added to the Disney board. But by Feb.
9, Trian had reached a detente with Disney, which at the time was re-adjusting to the return of Bob Iger as CEO in November 2022, which followed a rocky nearly three-year tenure for Bob Chapek. Peltz withdrew his bid for the board seat after Disney unveiled a broad restructuring of operations and made other commitments to streamline company operations. Iger in July floated the trial balloon of possibly selling ABC and other linear TV assets , and it’s no secret the company has been considering partnership options for ESPN.
Peltz’s decision to revive his campaign comes after he has steadily increased his stake in Disney in recent months, according to WSJ. Disney, like other media giants, has struggled with the accelerated transition from linear to streaming platforms that have up-ended how studios make money from content. The industry has also endured a rough summer of dual strikes by the Writers Guild of America and SAG-AFTRA.
EXCLUSIVE: Sunday will not be a day of rest for SAG-AFTRA leadership and the studios this weekend.
EXCLUSIVE: SAG-AFTRA and the studios don’t have a deal, but they are planning on talking more.
Brian Steinberg Senior TV Editor Nielsen appears to be trying to move forward with a new audience-measurement technology that many TV networks think still isn’t ready for primetime. The measurement giant in September backed off an effort to incorporate first-party data from Amazon in its study of the audience for the company’s streamcast of “Thursday Night Football.” The move would have marked a first step toward utilizing inputs from the companies Nielsen measures as it produces its widely used tabulation of national viewership, and many TV executives denounced the plan.
EXCLUSIVE: The first day of the latest round of renewed talks between the studios and SAG-AFTRA has ended, with proposed plans for the principals to meet again — possibly in the next day or so.
Joe Biden called for a massive new aid package for Israel and Ukraine, linking the wars in both countries to American security, while denouncing a rise in anti-semitism and Islamophobia in the U.S.
EXCLUSIVE: Ted Sarandos may have insisted today that he and other studio CEOs want to end the over three-month long actors strike and “get everyone back to work,” but for SAG-AFTRA’s chief negotiator, the Netflix boss is full of nothing but hot air.
Brian Steinberg Senior TV Editor Robin Roberts, George Stephanopoulos and Michael Strahan will soon have to greet ABC’s morning viewers from a decidedly different locale. As part of a larger move by Walt Disney Co., all of the company’s New York properties are slated to move in 2025 to a building in downtown New York in a neighborhood known as Hudson Square. That will include some programs already ensconced in well known studios, such as “GMA” and “Live with Kelly and Mark.” The move won’t isn’t scheduled to take place for some time, but staffers are already coming to grips with how it might affect the program’s standing in TV’s non-stop morning-news wars.
ESPN saw revenue of $13.2 billion and operating income of close to $1.5 billion for the first nine months of fiscal 2023, Disney revealed ahead of earnings next month when it plans to break out Sports as its own business segment — part of a restructuring initiated by CEO Bob Iger.
Elizabeth Wagmeister Chief Correspondent Dana Walden sent a staff-wide memo to all of Disney Entertainment on Friday, reflecting on the past week since Hamas struck Israel in a deadly and devastating war. “Tomorrow marks one week since the world changed forever with the worst attack on the Jewish people since the Holocaust,” Walden wrote in a memo, exclusively obtained by Variety.
“In the wake of the horrific terrorist attacks targeting Jews in Israel this past weekend, we must all do what we can to support the innocent people experiencing so much pain, violence, and uncertainty – particularly children,” declared Bob Iger tonight as the Walt Disney Company announced it is donating $2 million for humanitarian relief in Israel.
Elizabeth Wagmeister Chief Correspondent The Walt Disney Company is donating $2 million to organizations providing humanitarian relief to those affected by the Israel-Hamas war. “In the wake of the horrific terrorist attacks targeting Jews in Israel this past weekend, we must all do what we can to support the innocent people experiencing so much pain, violence, and uncertainty — particularly children,” said Bob Iger, CEO of The Walt Disney Company.
Disney is raising select prices at its theme parks as it prepares to embark on a long-term expansion of its parks and resorts portfolio.
There was no picketing Monday by SAG-AFTRA members due to the Indigenous Peoples Day holiday, but the leadership of the actors guild did return to the bargaining table with the studios and streamers.
Nicola Peltz Beckham loves her in-laws!
Activist investor Nelson Peltz, who dropped a long battle with Disney early this year, has amassed a large stake in the media giant and is said to be seeking board seats.
Jennifer Lee, Chief Creative Officer at Disney Animation, confirmed this afternoon that work has quietly begun on a third edition in the company’s Frozen film franchise during a keynote session at the London Film Festival (LFF).
SAG-AFTRA National Executive Director and Chief Negotiator, Duncan Crabtree-Ireland, is attending New York Comic Con on Oct. 14 for the panel “AI in Entertainment: The Performer’s Perspective”.
Disney+ is making some big changes.
Todd Spangler NY Digital Editor If you’re piggybacking on someone else’s Disney+ account, you may soon have to pay up to access the streamer. The Mouse House has notified Disney+ subscribers in Canada that as of Nov. 1, “Unless otherwise permitted by your service tier, you may not share your subscription outside of your household.” The notification also informs customers that if the company has determined that a Disney+ subscriber has violated those terms, “we may limit or terminate access to the service and/or take any other steps as permitted by this agreement.” The language suggests that Disney+ will be offering a new option (or options) for account-sharing outside a primary user’s household.
SAG-AFTRA is set to sit down with the studios today to restart talks on a deal for the actors.