Old habits die hard. So Warner Bros. Discovery’s CEO David Zaslav just sat down with Paramount Global chief executive Bob Bakish to talk about merging, and the media business yet again confronted the possibility of a spasm of mega-deals reshaping the landscape. Happy holidays! When the opening bell rang on Wall Street, however, investors didn’t … Read more
James Gorman, CEO of Morgan Stanley and soon to be a member of Disney‘s board of directors, is not fazed by the possibility of the media giant going through a proxy fight. During a lengthy sit-down with CNBC, the exec acknowledged that a battle is brewing with activist investor Nelson Peltz, whose investment firm nominated … Read more
Back in the good ol’ days, tobacco companies were some of the biggest sponsors of NASCAR, with iconic liveries from Skoal to Camel to Winston, and the legendary Winston Cup Series ran from 1971 to 2003. The Winston Cup meant far more than just tobacco sales over its 32-year history, even inspiring the Disney movie … Read more
With Disney already in the midst of its “one-app” streamlining of Hulu and Disney+ in the U.S., it is also making a similar move in Latin America with Star+. The company will shift programming on Star+ to Disney+ in the second quarter of 2024 and Star+ will wind down as a stand-alone service in the … Read more
EXCLUSIVE: Two months after Julia Ormond sued CAA, Disney and Harvey Weinstein for negligence, breach of fiduciary duty, battery and more over a 1995 sexual assault by the now incarcerated Pulp Fiction EP, the uberagency and the Bob Iger-led corporation say they shouldn’t be a part of the suit and want out. “Accepting the allegations … Read more
Bob Iger likely wishes 2023 looked a lot more like 2019. In a document dump this week for the recently class-action-certified pay-equity suits against Disney, the Mouse House CEO’s 2019 corporate self-evaluation was among the papers placed in the Los Angeles Superior Court’s docket. “In 2019, Disney was awarded an A+ as one of ‘America’s … Read more
Disney has formally responded to activist shareholder Trian Fund Management’s unsolicited nominations of Trian chief Nelson Peltz and former Disney CFO James Rasulo to the media giant’s board of directors. The company acknowledged the nominations and also noted that Trian has teamed up with former Marvel Entertainment boss Ike Perlmutter. The executive was pushed out … Read more
In recent years Disney’s box office struggles have been somewhat blamed on “woke” identity politics agendas putting off families from consuming their content. The latest live-action remake of one of the studio’s animated classics is the upcoming Snow White, which received backlash from some fans upon its announcement. Aside from the casting of West Side … Read more
Dick Nunis was a Disney legend in more ways than one. “Today, we mourn the passing of Dick Nunis, a true Disney Legend whose contributions to The Walt Disney Company have touched the lives of millions of people all over the world,” said Disney CEO Bob Iger. “What started as a summer job training future … Read more
Thousands and thousands of past and present female Disney employees can sue the Mouse House for paying them less than men. More than four years after Walt Disney Studios staffers LaRonda Rasmussen and Karen Moore filed a lawsuit claiming gender-based pay disparity, a Los Angeles judge Friday has agreed the matter can become a class-action … Read more
