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Disney’s New Balance of Power Raises Succession, Spinoff Questions In his first earnings report back as Disney CEO, Bob Iger unveiled a structure that places power back in the hands of the creatives but also raises questions about succession and the fate of two key company assets. Under Iger’s Feb. 8 plan, the empire is…
Behind Disney’s Activist Investor Battle: A Marvel Mogul’s Revenge Play In 2004, Roy Disney — Walt’s nephew — summoned Disney shareholders to the company’s annual meeting, asking them to oust then-chairman and CEO Michael Eisner, who had been running the place for 20 years. Roy had Walt’s face and his “Save Disney” movement brought emotional…
When the Numbers Don’t Add Up: Recession Fears Dent Hollywood’s Streaming Ambitions Across every major studio, economic emergency brakes have been pulled, with hiring freezes, enhanced scrutiny on travel and entertainment expenses, and, yes, layoffs. In the legacy media world, where studios have been betting on streaming to make up for declining cable revenues, it…
Bob Iger’s Austerity Era Begins at Disney: Behind His Most Pressing Concerns When Bob Iger returned to Disney’s Burbank lot on Nov. 28, clad in a bright white shirt and a blue cardigan, he sought to reassure anxious employees by quoting Hamilton, Lin-Manuel Miranda’s Tony-winning musical. “There is no more status quo … But the…
Nexstar’s Next Battle: Making The CW Numbers Work In the end, Nexstar was paid $54 million to take The CW off of Paramount and Warner Bros. Discovery’s hands. Actually, that’s an oversimplification. In fact, Nexstar, led by CEO Perry Sook, was given its 75 percent stake in the network for free, but after factoring in…
Fear for Your Megamergers: The Justice Dept. Is (Finally) Taking Action On Oct. 31, the Department of Justice antitrust division landed a major victory when a federal judge blocked Penguin Random House’s $2.175 billion bid to buy rival Simon & Schuster from Paramount Global. After legal wrangling in a trial closely monitored by Hollywood, U.S. District…