S&P today affirmed its A- investment grade credit rating for Disney after CEO Bob Iger, in a recent interview with CNBC, injected a big dose of uncertainty into what the company may look like going forward.
13.07.2023 - 17:41 / theplaylist.net
With poor box office numbers so far for Pixar‘s “Elemental” and James Mangold‘s “Indiana Jones And The Dial Of Destiny,” Disney sees itself in the middle of its worst theatrical slump in a long time. And it arguably started back in March with “Ant-Man And The Wasp: Quantumania,” which made less than $500 million worldwide and suffered the steepest second-week drop at the domestic box office of any Marvel film.
S&P today affirmed its A- investment grade credit rating for Disney after CEO Bob Iger, in a recent interview with CNBC, injected a big dose of uncertainty into what the company may look like going forward.
Bob Iger, with pressure mounting on multiple fronts, has turned to former top Disney executives Tom Staggs and Kevin Mayer, hiring them as consultants to the media giant as it defines its strategy.
Harrison Ford’s stunt double in Indiana Jones And The Dial Of Destiny, set himself ablaze on Monday (July 24) during a demonstration in Atlanta, Georgia.The Screen Actors Guild (SAG-AFTRA) union went on strike earlier this month, after negotiations broke down with the Alliance of Motion Picture and Television Producers (AMPTP) over streaming residuals and safeguards against AI technology.At the end of the rally, Massa took to the stage in a flame-covered jacket. In the video’s caption on Instagram, he wrote: “We are tired of being burned by the AMPTP.”A post shared by Elena Sanchez (@theelenasanchez)In a follow-up post, Massa added: “We wanted to make a statement and I think we did! It was great to see such a great turnout from our local stunt community, local leadership, and actors who showed up to support us.
Jennifer Maas TV Business Writer Here’s an example of just how chaotic things are in Hollywood these days: Disney CEO Bob Iger’s recent remarks that the company’s linear TV assets “may not be core” to its business were buried under the lede of his comments that SAG-AFTRA and the WGA are not being “realistic” in their contract negotiations last week. But now that a small bit of the initial dual strike dust has settled, sources inside and outside of Disney are asking what reaction Iger was looking to provoke by announcing Disney’s intention to “open-minded and objective about the future of those businesses,” which include broadcast network ABC as well as cablers FX, Disney Channel, Nat Geo and Freeform, among others. (Not ESPN, which is run by Jimmy Pitaro under a separate segment of Disney’s business from its other TV and streaming assets.)
Filmmaker James Mangold’s “Indiana Jones And The Dial Of Destiny” is in theaters now, and while it seemed to underwhelm at the global box office in its opening weekend, the film has grossed $305 million worldwide so far, so maybe there’s hope it can have some minor legs. If anything, it maybe shows how making a blockbuster with an 80-year-old star can only take you so far with audiences.
Star Wars’ Lando Calrissian show starring Donald Glover will not be happening anytime soon it seems. Even the writers are saying that they have “no clue” what is going on. The last update that writer Justin Simien got about the show was in the year 2020.
"Guardians of the Galaxy" star Sean Gunn blasted Disney CEO Bob Iger over comments that the executive made about the Writer's Guild of America and the Screen Actors Guild – American Federation of Television and Radio Artists (SAG-AFTRA) strikes. Shortly before SAG-AFTRA joined the WGA on strike Thursday, Iger, 72, made an appearance on CNBC's "Squawk Box" during which he said that the pending actors union strike would have a "very, very damaging effect on the whole business." "It will affect the economy of different regions, even, because of the sheer size of the business.
Disney CEO Bob Iger recently sat down with CNBC for an interview during which he shared his views on the SAG-AFTRA strike.
Fran Drescher is opening up about the SAG-AFTRA strike and how long it might go on.
Disney CEO Bob Iger has said the company will be pulling back on creating new Star Wars and Marvel content.The announcement comes on the back of the company’s attempts to cut costs, having seen a number of their recent films, from Marvel to animation, underwhelm at the box office.“You pull back not just to focus, but also as part of our cost containment initiative. Spending less on what we make, and making less,” Iger told CNBC on Thursday (July 13).Iger said that many of the decisions were made to prop up the company’s flagship streaming service, Disney+, and attract more customers.The Disney CEO went on to note that an influx of new Marvel content, both on the big and small screens, had “diluted focus and attention”.“It had not been in the television business at any significant level, and not only did they increase their movie output, but they ended up making a number of TV series,” said Iger.
Even the staunchest fans of the Marvel and “Star Wars” franchises must admit keeping track of all the respective movies and TV series can be a slog.
Well, Warner Bros. Discovery CEO David Zaslav already put his foot in his mouth responding to the WGA writers’ strike, so now it’s Bob Iger‘s turn.
he said that the WGA and SAG-AFTRA’s conditions were “just not realistic” and that the prospect of a writers and actors strike was “very disturbing.”Iger’s comments come on a historic day, when SAG-AFTRA is expected to announce they are joining WGA on the picket lines after their Wednesday contract negotiations deadline passed without a deal. It would be the first Hollywood double strike in sixty years.Also notable for context, Iger’s comments arrive the day after his Disney contract was extended for an additional two years.
Striking writers now have a new punching bag: Bob Iger.
Disney CEO Bob Iger said Marvel Entertainment, whose acquisition in 2009 was a signature deal of Iger’s first stint atop the company, was unfairly “taxed” during the company’s frenzy to supply Disney+ with fresh content.
Zack Sharf Digital News Director Disney CEO Bob Iger is citing the studio’s output increase for Disney+ as one reason for “some disappointments” as of late. Speaking to CNBC’s David Faber at the Sun Valley Conference, Iger admitted the studio screwed with audience expectation by offering up so much streaming content. The negative impact of that has been commercial disappointments in theaters, be it “Ant-Man and the Wasp: Quantumania” not even getting past the $500 million worldwide or disappointing openings for summer tentpoles “Elemental” and “Indiana Jones and the Dial of Destiny.” “There have been some disappointments we would have liked some of our more recent releases to perform better,” Iger said. “It’s reflective not as a problem from a personnel perspective, but I think in our in our zeal to basically grow our content significantly to serve mostly our streaming offerings, we ended up taxing our people way beyond — in terms of their time and their focus — way beyond where they had been.”
Ellise Shafer During an appearance on CNBC’s “Squawk Box” on Thursday morning, Disney CEO Bob Iger said that the writers and actors unions going on strike in Hollywood are not being “realistic” with their expectations. Speaking to CNBC’s David Faber from the Sun Valley Conference in Idaho, Iger commented on the ongoing Writers Guild of America strike and imminent decision for SAG-AFTRA to join them. “It’s very disturbing to me. We’ve talked about disruptive forces on this business and all the challenges we’re facing, the recovery from COVID which is ongoing, it’s not completely back. This is the worst time in the world to add to that disruption,” Iger said. “I understand any labor organization’s desire to work on behalf of its members to get the most compensation and be compensated fairly based on the value that they deliver. We managed, as an industry, to negotiate a very good deal with the directors guild that reflects the value that the directors contribute to this great business. We wanted to do the same thing with the writers, and we’d like to do the same thing with the actors. There’s a level of expectation that they have, that is just not realistic. And they are adding to the set of the challenges that this business is already facing that is, quite frankly, very disruptive.”
Disney CEO Bob Iger said the linear TV business “may not be core” to the company, and efforts are under way to explore a number of strategic options for them.
Bob Iger is staying with Disney.
Charna Flam Disney+ has released a new trailer for the upcoming “Star Wars” series, “Ahsoka,” providing fans a look at the series’ villain, Grand Admiral Thrawn. It was announced in April at the Star Wars Celebration fan convention, that Lars Mikkelsen would be set to reprise his role as the “Star Wars” villain and embody the character in the live-action series. Thrawn was originally created by author Timothy Zahn as part of a series of 1990s Star Wars novels chronicling the events following 1983’s “Return of the Jedi,” and he quickly became a fan-favorite character. However, after Disney purchased Lucasfilm in 2012, Thrawn’s character was removed from the official “Star Wars” canon. Then in 2016, Dave Filoni revived the character and brought him back into a galaxy far, far away after adding him to the “Star Wars Rebels” animated series. Throughout the show, Mikkelsen voiced the character.