In a significant win for Disney and CEO Bob Iger, the entertainment giant emerged victorious in a hard-fought proxy battle against activist investors aiming to secure seats on the company’s board of directors. The shareholder vote at the annual meeting marked a legacy-defining moment for Iger. Disney’s board clinched victory by a substantial margin over…
Former Disney Channel actress Bridgit Mendler, best known for her roles in “Good Luck Charlie” and “Wizards of Waverly Place,” has embarked on a new journey as the co-founder and CEO of Northwood Space, a startup that has secured over $6.3 million in funding, including contributions from notable investors like Peter Thiel’s Founders Fund and…
Bob Iger, the Chief Executive Officer of Disney, saw a substantial increase in his compensation, totalling $31.6 million for the year 2023, marking a significant boost from his earnings in the preceding year. The breakdown of Iger’s 2023 pay package, as outlined in The Walt Disney Company’s annual proxy statement filed on Tuesday, includes a…
As the New Year approaches, a significant milestone is on the horizon for Disney enthusiasts and copyright aficionados alike. On January 1, 2024, an early iteration of Disney’s beloved character, Mickey Mouse, is poised to enter the public domain, marking a historic moment in the realm of intellectual property. The copyright expiration centers around Disney’s…
The enchantment of Disney has faced challenges this year, casting shadows on the entertainment giant’s path. Having recently celebrated its centennial, Disney, over the last hundred years, has transformed into one of the world’s largest publicly traded media and entertainment companies, boasting a market cap exceeding $150 billion. Despite these monumental achievements, the House of…
Disney has revealed its plans to acquire Comcast’s one-third ownership in Hulu for an estimated $8.61 billion. The acquisition aims to place the streaming platform completely under Disney’s ownership when the transaction concludes later this year. In a brief statement, the company expressed that securing Comcast’s stake in Hulu at fair market value would significantly…
The board of The Walt Disney Company has unanimously voted to extend CEO Bob Iger’s contract by two years, until the end of 2026. When Iger returned to the CEO position in 2022, he had initially planned to stay for two years while a replacement was sought. In a statement, Iger acknowledged the challenging decisions…
Disney’s Chief Financial Officer (CFO), Christine McCarthy has stepped down from her position and taking a family medical leave of absence. Effective July 1, Kevin Lansberry, currently the CFO of Parks, Experiences, and Products, will assume the role of interim CFO. Disney CEO Bob Iger expressed high regard for McCarthy, stating, “Christine McCarthy is one…
Disney’s clash with Florida’s Republican governor and potential presidential candidate, Ron DeSantis, is captivating attention like a reality TV show. While Disney’s strategic maneuvers, including the recent abandonment of a $1 billion office project near Orlando, have dominated headlines, they overshadow the company’s actual struggle in business. In the ongoing back-and-forth with DeSantis, Disney delivered…
Disney has escalated its conflict with Florida’s Republican Governor Ron DeSantis, resulting in the state losing 2,000 white-collar jobs. Disney has canceled its $1 billion office complex project in Florida, citing changing business conditions. The decision comes amid an open feud between Disney and DeSantis, who is expected to enter the 2024 GOP presidential race…
