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Comcast, Disney ‘Tens of Billions’ Apart on Hulu Valuation, Now Aiming at Early 2024 Agreement (Report) - thewrap.com
thewrap.com
25.05.2023 / 15:37

Comcast, Disney ‘Tens of Billions’ Apart on Hulu Valuation, Now Aiming at Early 2024 Agreement (Report)

The Wall Street Journal reported that the two media and entertainment giants want to reach a deal to resolve the ownership of Hulu, but the disagreement over how much the nation’s fifth-largest streaming service is worth is stalling progress. Neither Disney nor Comcast responded to requests for comment.Disney owns two-thirds of Hulu, while Comcast owns one-third, acquired when it took control of one of the streamer’s founding backers, NBCUniversal, in 2011.

Disney Begins Round Of Layoffs Outside The U.S. - deadline.com - Britain - France - London - Germany
deadline.com
25.05.2023 / 10:15

Disney Begins Round Of Layoffs Outside The U.S.

EXCLUSIVE: The layoffs impacting thousands of Disney staff in the U.S. have spread to Europe, the Middle East, and Africa.

Disney Begins Third Round Of Planned Layoffs - deadline.com
deadline.com
22.05.2023 / 18:39

Disney Begins Third Round Of Planned Layoffs

EXCLUSIVE: The third wave of layoffs at Disney got under way today, sources tell Deadline.

Disney Parks Chief Josh D’Amaro Says Clash With Florida Gov. Ron DeSantis Has Not Hurt Business; Company Still Plans To Spend $17B In State Over Next Decade - deadline.com - Florida
deadline.com
22.05.2023 / 14:21

Disney Parks Chief Josh D’Amaro Says Clash With Florida Gov. Ron DeSantis Has Not Hurt Business; Company Still Plans To Spend $17B In State Over Next Decade

If the feud between Disney and Florida Gov. Ron DeSantis was going to be escalated yet again, parks chief Josh D’Amaro didn’t seem like he would be the one to do it.

Florida Man Attacks! Ron DeSantis Says “Zero” Chance He’ll Back Down In Disney Battle; Wants “Woke” Judge In Mouse House Suit Tossed - deadline.com - California - Florida - state New Hampshire
deadline.com
19.05.2023 / 22:49

Florida Man Attacks! Ron DeSantis Says “Zero” Chance He’ll Back Down In Disney Battle; Wants “Woke” Judge In Mouse House Suit Tossed

If you figured the war between Disney and Gov. Ron DeSantis was going to take a breather for the weekend, think again.

‘Morning Joe’ Host Mika Brzezinski Backs Scarborough’s Bob Iger Theory: DeSantis Made ‘Such a Rookie Move’ (Video) - thewrap.com - California - Florida - Indiana - county Harrison - county Ford
thewrap.com
19.05.2023 / 17:49

‘Morning Joe’ Host Mika Brzezinski Backs Scarborough’s Bob Iger Theory: DeSantis Made ‘Such a Rookie Move’ (Video)

backing previous statements made by her co-host Scarborough saying, “Mickey Mouse has brass knuckles because he’s taking on Bob Iger… You don’t do that.”“This is politically such a rookie move to do these gesture politics, to try and own the libs and maybe get in a small subset of the Tampa area,” Brzezinski said Friday. “In the end, you end up costing Florida jobs.”The MSNBC host added that the Florida governor “can’t see one foot in front of his face.” “I don’t know how that plays on the big stage, and I think it gives Trump a lot of material.”On Thursday, Disney announced it had pulled the plug on an employee campus that was expected to come to Florida, citing “changing business conditions.” The complex was a $1 billion investment that would have brought an estimated 2,000 white-collar jobs to the state.

Inside The Party As Harrison Ford, Phoebe Waller-Bridge, Bob Iger And Others Celebrate Launch Of Final ‘Indy’ Late Into The Night At Cannes Film Festival - deadline.com - France - California - Florida - Indiana - county Harrison - county Ford - county Waller
deadline.com
19.05.2023 / 01:43

Inside The Party As Harrison Ford, Phoebe Waller-Bridge, Bob Iger And Others Celebrate Launch Of Final ‘Indy’ Late Into The Night At Cannes Film Festival

It was a great night for Disney as Indiana Jones And The Dial Of Destiny had a smash debut in its World Premiere Thursday evening at the Cannes Film Festival where the June 30th release received a warm 5 minute standing ovation, especially for Harrison Ford in his swan song in the title role he started playing 40 + years ago. There noticeably to witness the French love and affection was none other than Disney boss Bob Iger attending his first-ever Cannes Festival (believe it or not) and even taking his own photos during the ovation for the movie. At the Carlton Beach after party I told him Deadline had just been the first to post its review, a rave (from our colleague Stephanie Bunbury) and you could see the absolute relief on his face. “You have made me very happy to hear that, ” he told me, and he meant it. All this came on the same day Disney took another shot at Florida Governor Ron DeSantis by announcing the cancellation of a plan to move several thousand California employees to Florida. The Cannes respite must have been nice.

Disney Sticks It To DeSantis & Scraps Plan To Move Staffers To Florida From California; “Considerable Changes” In Situation, Parks Boss Josh D’Amaro Says - deadline.com - California - Florida - Lake
deadline.com
18.05.2023 / 20:45

Disney Sticks It To DeSantis & Scraps Plan To Move Staffers To Florida From California; “Considerable Changes” In Situation, Parks Boss Josh D’Amaro Says

Just over a week ago, Bob Iger rhetorically asked the adversarial  Gov. Ron DeSantis if Florida really wanted Disney’s considerable business and tax revenue, or not. Now, without mentioning the would-be presidential contender nor his attacks on the company, the Mouse House has pulled some of that business and taxes revenues from the Sunshine State.

Disney CFO Christine McCarthy On Bob Iger’s Return, Streaming & Theme Parks: “We Are Winners, And We Are Going To Win” - deadline.com - New York - India
deadline.com
17.05.2023 / 22:43

Disney CFO Christine McCarthy On Bob Iger’s Return, Streaming & Theme Parks: “We Are Winners, And We Are Going To Win”

Walt Disney CFO Christine McCarthy nudged investors to discard a few narratives that emerged from the latest earnings: that Disney parks growth may be unsustainable and that the company is shedding subscribers and slashing streaming content.

Big Paydays for Media’s Big Chiefs: CEO Compensation Stays High Even in Hard Times - variety.com - Florida
variety.com
17.05.2023 / 21:49

Big Paydays for Media’s Big Chiefs: CEO Compensation Stays High Even in Hard Times

Bob Chapek, Former CEO 2022 Chapek compensation: $24.2M/ -25.5% Bob Iger, CEO 2022Iger compensation: $15M/ -67.3% Median employee compensation: $54,256 Chapek pay ratio to median employee: 446 So long, Mr. Chapek! It was a rocky time atop the Magic Kingdom for the Disney chief, who was booted from his post in November just months after the company’s board renewed his contract. During Chapek’s tenure Wall Street soured on Disney’s spending on its streaming service, to say nothing of a near employee revolt over his stumbling response to Florida’s “Don’t Say Gay” law.

Disney Content Spending in 2023 May Be Lower Because of Writers Strike, CFO Says - variety.com - New York
variety.com
17.05.2023 / 15:17

Disney Content Spending in 2023 May Be Lower Because of Writers Strike, CFO Says

Todd Spangler NY Digital Editor Disney has pegged total cash content spending at around $30 billion for this year — but the ongoing Writers Guild of America strike may drive that down, CFO Christine McCarthy said. “If you haven’t noticed we’re in the middle of a writers strike,” McCarthy said, speaking Wednesday at MoffettNathanson’s Technology, Media and Telecom Conference in New York. The WGA walkout may reduce Disney’s cash spending on content for the balance of the year, she said. At the MoffettNathanson conference, MCarthy appeared alongside Disney president of ad sales Rita Ferro. The two Disney execs spoke a day after the media conglom’s upfront presentation in the Big Apple to ad buyers and brands — which was noticeably light on scripted fare, given the writers strike. Marvel’s Kevin Feige previewed upcoming Disney+ series “Secret Invasion,” featuring Samuel L. Jackson and Don Cheadle, and announced premiere dates for “Loki” Season 2 and “Hawkeye” spinoff “Echo.”

Dispatches From The WGA Picket Lines Day 15: Striking Writers Hit Disney At NY Upfronts, Where There’s A Bob Iger Sighting & At Studio In Burbank - deadline.com - New York - Los Angeles - city Burbank
deadline.com
17.05.2023 / 02:01

Dispatches From The WGA Picket Lines Day 15: Striking Writers Hit Disney At NY Upfronts, Where There’s A Bob Iger Sighting & At Studio In Burbank

It was a tale of two coasts today, as WGA picketers and their allies targeted Disney’s upfront presentation in New York and also the company’s Burbank lot in Los Angeles. And the two scenes were very different.

As Florida Standoff Continues, Disney Ad Chief Rita Ferro Calls On Upfront Buyers In New York To “Lean Into All Aspects Of Diversity” - deadline.com - New York - New York - Florida
deadline.com
16.05.2023 / 22:09

As Florida Standoff Continues, Disney Ad Chief Rita Ferro Calls On Upfront Buyers In New York To “Lean Into All Aspects Of Diversity”

Rita Ferro, Disney’s ad sales and partnerships chief, urged media buyers at the company’s New York upfront Tuesday to “lean into all aspects of diversity” with their marketing commitments.

Brian Roberts Says Comcast “More Likely Than Not” To Sell Hulu Stake To Disney; Calls Mike Cavanagh, Who Stepped In For Fired Jeff Shell, “Calming Influence” - deadline.com
deadline.com
16.05.2023 / 15:57

Brian Roberts Says Comcast “More Likely Than Not” To Sell Hulu Stake To Disney; Calls Mike Cavanagh, Who Stepped In For Fired Jeff Shell, “Calming Influence”

The CEO of NBCUniversal parent Comcast said it’s “more likely than not” the company will end up selling its third of Hulu to Disney, after his Mouse counterpart indicated clearly last week that this would be Disney’s preferred outcome. There’s been some grandstanding over the past year as the deadline approaches, but both of Hulu’s parents appear to be on or near the same page now.

Comcast CEO Brian Roberts Says It’s ‘More Likely Than Not’ They’ll Sell Remaining Hulu Stake to Disney - thewrap.com
thewrap.com
16.05.2023 / 15:21

Comcast CEO Brian Roberts Says It’s ‘More Likely Than Not’ They’ll Sell Remaining Hulu Stake to Disney

Comcast CEO Brian Roberts addressed the company potentially selling its 33% stake in the streamer. “I think it’s more likely than not,” Roberts said. “I’m pretty certain if and when we sell our Hulu stake, it’ll be for more than what we have, and in fact, that’s contractually certain.”Disney currently owns 67% of Hulu with with Comcast’s NBCUniversal holding a minority stake.

Brian Roberts Says Comcast “More Likely Than Not” To Sell Hulu Stake To Disney - deadline.com
deadline.com
16.05.2023 / 14:55

Brian Roberts Says Comcast “More Likely Than Not” To Sell Hulu Stake To Disney

The CEO of NBCUniversal parent Comcast said it’s “more likely than not” the company will end up selling its third of Hulu to Disney, after his Mouse counterpart indicated clearly last week that this would be Disney’s preferred outcome. There’s been some grandstanding over the past year as the deadline approaches, but both of Hulu’s parents appear to be on or near the same page now.

Former Disney CEO Bob Chapek, Current CFO Named in Shareholder Lawsuit Alleging ‘Fraudulent’ Streaming Statements - variety.com - California
variety.com
16.05.2023 / 04:45

Former Disney CEO Bob Chapek, Current CFO Named in Shareholder Lawsuit Alleging ‘Fraudulent’ Streaming Statements

J. Kim Murphy Bob Chapek, the former Disney CEO who was abruptly ousted from the company last November, is among a group of executives facing a lawsuit claiming violations of securities law for allegedly providing misleading statements and omissions about Disney+ and its subscriber growth. The case, filed by Local 272 Labor Management Pension Fund on May 12 in the U.S. District Court for the Central District of California, also names former Disney executive Kareem Daniel and current CFO Christine McCarthy, as well as the Walt Disney Co. itself, as defendants. The document states that the case seeks a lead plaintiff and judicial determination for a class action suit representing Disney shareholders from Dec. 10, 2020 to Nov. 8, 2022.

Disney Shares Fall On Mixed Quarter Amid Hulu & Succession Overhang; Wall Street Analysts Say Stock Undervalued - deadline.com
deadline.com
11.05.2023 / 18:41

Disney Shares Fall On Mixed Quarter Amid Hulu & Succession Overhang; Wall Street Analysts Say Stock Undervalued

Disney is the DJIA’s worst performer today with shares down over 8% after reporting fiscal second quarter earnings that were mixed and a bit messy as the company and industry reset.

Warner Bros. Discovery Shareholders Slam CEO David Zaslav’s Compensation In Say-On-Pay Vote - deadline.com
deadline.com
11.05.2023 / 01:27

Warner Bros. Discovery Shareholders Slam CEO David Zaslav’s Compensation In Say-On-Pay Vote

Stockholders have expressed serious displeasure with 2022 executive compensation at Warner Bros. Discovery led by CEO David Zaslav, according to the result of a vote at the annual meeting Monday that was filed with the SEC today.

Bob Iger Is ‘Bullish’ on AI Prospects at Disney: ‘Our Legal Team Is Working Overtime’ - thewrap.com
thewrap.com
10.05.2023 / 23:25

Bob Iger Is ‘Bullish’ on AI Prospects at Disney: ‘Our Legal Team Is Working Overtime’

second fiscal quarter of 2023, CEO Bob Iger addressed the artificial intelligence elephant in the room, making it clear that Disney isn’t shying away from the technological frontier — quite the opposite, in fact.“AI developments represent some pretty interesting opportunities for us,” Iger said. “In fact, we’re already starting to use AI to create some efficiencies and ultimately to better serve consumers.”Beyond confirming that AI has already found a home within the house of the mouse, Iger addressed the natural challenges that come with any new, disruptive technology, including the managerial complexities.“It could be extremely difficult to manage, particularly from an IT management perspective,” Iger said, referring to the tech’s advanced nature.

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