5th major theme park? With fight over, DeSantis appointees, Disney set to invest $17B in Florida
Months after Disney and Gov. Ron DeSantisโ appointees agreed to end a protracted legal fight with each other, the two sides are set to approve an agreement that could result in the company investing $17 billion into its Florida resort, It will also open the door for a fifth major theme park.
Disney's streaming business turns a profit in first financial report since challenge to Iger
The Walt Disney Co. moved to a loss in its second quarter, hampered by significantly higher restructuring and impairment charges, but its adjusted profit topped Wall Streetโs view and its streaming business was profitable.
An end in sight? Striking writers and Hollywood studios spend second full day in negotiations
Hollywood studios and striking screenwriters have spent a second full day in talks that could potentially put an end to the nearly five-month dispute that has brought many film and television productions to a halt.
Disney to boost prices for ad-free Disney+ and Hulu services and vows crackdown on password sharing
Walt Disney CEO Bob Iger vowed to make its streaming services profitable via a planned October price hike on its ad-free Disney+ and Hulu plans and a crackdown on password sharing expected to extend through next year.
Disney parks at the forefront after Igerโs return
Itโs been six months since Bob Iger canceled his retirement and stepped back into the top role at Disney to right a number of perceived wrongs under his handpicked successor, with one hovering right near the top: reconnecting with the Disney theme park die-hards and restoring their faith in the brand.
Disney parks at the forefront after Iger's return
Itโs been six months since Bob Iger canceled his retirement and stepped back into the top role at Disney to right a number of perceived wrongs under his handpicked successor, with one hovering right near the top: reconnecting with the Disney theme park die-hards and restoring their faith in the brand.
Disney CEO Bob Iger calls DeSantis โanti-Floridaโ in fight over special district
Walt Disney Company CEO Bob Iger addressed the ongoing feud between the theme park giant and Ron DeSantis on Monday hours after the Florida governor fired back at the former Reedy Creek Improvement District, requesting an investigation.
CEO Bob Iger admits Disney theme park price adjustments โtoo aggressive,โ report shows
Walt Disney Company CEO Bob Iger admitted the theme park giantโs quest for savingsโwhich resulted in park price increases and job cutsโmight have been โa little bit too aggressive,โ according to a report from the LA Times.
What comes next? Experts weigh in on what Disneyโs CEO switch means for companyโs future
Former Walt Disney Company Chief Executive Bob Iger is returning to lead Disney as Chief Executive Officer. Senior leadership made the announcement this weekend saying Iger succeeds Bob Chapek, who stepped down from his position.
Iger back on top in a Disney plot twist that few saw coming
Bob Iger, the enterprising entertainment executive who brought Star Wars, Pixar and Marvel under the Disney marquee and challenged the streaming dominance of Netflix, will replace his handpicked successor, CEO Bob Chapek, whose two-year tenure has been marked by clashes, missteps and a weakening financial performance.
6 major announcements that came out of Bob Igerโs last Disney shareholder meeting
Iger will formally pass the torch to the companyโs new CEO, Bob Chapek. Iger stepped down from his role as the Walt Disney Co. CEO in February 2020, citing a proper time for transition. He addressed shareholders in his last meeting, saying he knows Chapek will continue to make Disney the magical company itโs known to be. Disney cruises could come back this fallAdDuring the question and answer portion, a shareholder asked for a timeline for Disney cruises. Walt Disney Worldโs 50th AnniversaryThe most magical place on earth is preparing for its 50th-anniversary celebration.
Academy Museum to honor Sophia Loren, Haile Gerima at gala
Director Haile Gerima appears at the 65th edition of the Venice Film Festival in Venice, Italy, on Sept. 2, 2008, left, and Sophia Loren arrives at the Governors Awards in Los Angeles on Oct. 27, 2019. Loren and independent filmmaker Haile Gerima will be honored with special awards by the Academy Museum of Motion Pictures. (Photos by Andrew Medichini/AP, left, and Jordan Strauss/Invision/AP)UNDER EMBARGO UNTIL 4PM ET/1PM PTThe Academy Museum of Motion Pictures is assembling a star-studded cast for its opening gala in September. Italian screen legend Sophia Loren and independent filmmaker Haile Gerima will be honored with special awards, and Tom Hanks, Annette Bening and Bob Iger are being saluted for their efforts to raise $388 million for the long gestating museum, the organization said Monday. Designed by architect Renzo Piano, The Academy Museum of Motion Pictures is located at the corner of Wilshire Boulevard and Fairfax Avenue in the historic Saban Building.
Amazon CEO Jeff Bezos may step down without stepping away
Amazon announced Tuesday, Feb. 2, 2021, that Jeff Bezos would step down as CEO later in the year, leaving a role he's had since founding the company nearly 30 years ago. Amazon says Bezos will be replaced in the summer by Jassy, who runs Amazon's cloud business. (Isaac Brekken/AP Images for NFL, File)Even after stepping aside as CEO, Amazon founder Jeff Bezos will likely keep identifying new frontiers for the world's dominant e-commerce company. Tuesday's announcement that Bezos will hand off the CEO job this summer came as a surprise. โBeing the CEO of Amazon is a deep responsibility, and itโs consuming," Bezos wrote.
Kingdom of Wakanda destined for Disney + streaming service
Disney on Monday, Feb. 1, 2021, announced a five-year exclusive TV deal with Cooglers Proximity Media company that includes development of a series based in the Kingdom of Wakanda from Cooglers Black Panther blockbuster. (Photo by Phil McCarten/Invision/AP, File)LOS ANGELES โ The Kingdom of Wakanda is staking out turf on the Disney + streaming service. A TV series set in the โBlack Pantherโ kingdom will be developed as part of a five-year, exclusive television deal the Walt Disney Co. announced Monday with filmmaker Ryan Cooglerโs Proximity Media company. Coogler wrote and directed 2018โs โBlack Panther,โ a box-office hit that turned Chadwick Boseman into a superstar. The Black Panther character was created by Stan Lee and Jack Kirby for Marvel Comics, which became part of Disney in 2009 when the media giant acquired Marvel Entertainment.
Film Academy Museum reaches $388M initial fundraising goal
After 8 years and 13,000 donors including the likes of Barbra Streisand and Steven Spielberg, the Academy Museum of Motion Pictures has reached and exceeded its pre-fundraising goal. Academy Museum director and president Bill Kramer said Friday, Nov. 13, 2020, that the new museum has raised $388 million. (Photo by Willy Sanjuan/Invision/AP, File)It took 8 years and 13,000 donors including the likes of Barbra Streisand and Steven Spielberg, but the Academy Museum of Motion Pictures has reached and exceeded its pre-fundraising goal. Academy Museum director and president Bill Kramer said Friday that the new museum has raised $388 million. Located in Los Angeles at the corner of Wilshire Boulevard and Fairfax Avenue, the Academy Museum is set to open on April 30, five days after the 93rd Academy Awards.
California wavers on theme park opening rules amid pressure
But following industry criticism of the proposed rules, state health officials said no announcement was coming Friday as negotiations continue. Amusement park leaders saw a draft of the new rules Thursday and urged state officials to change them, said Erin Guerrero, executive director of the California Attractions and Parks Association. A Disney official said there have been no major reported outbreaks in Florida associated with the companyโs theme parks and declined to say whether any cases have occurred there. Ian Henderson, a spokesman for Steelโs office, said county health officials have worked closely with Disney to prepare for the reopening of its parks. โTaxin reported from Orange County, California.
Chadwick Boseman, who embodied Black icons, dies of cancer
FILE - In this March 4, 2018 file photo, Chadwick Boseman arrives at the Oscars at the Dolby Theatre in Los Angeles. Actor Chadwick Boseman, who played Black icons Jackie Robinson and James Brown before finding fame as the regal Black Panther in the Marvel cinematic universe, has died of cancer. When the former playwright suited up as Black Panther, he brought cool intellectual gravitas to the Marvel superhero whose Wakanda forever! salute reverberated worldwide. You dont have the same exact experience as a Black actor as you do as a white actor. Before an auditorium full of actors, Chadwick Boseman stepped to the microphone.
Colin Kaepernick, Disney announce partnership deal
Colin Kaepernick will be featured in an exclusive docuseries produced by ESPN Films as part of a first-look deal with The Walt Disney Co. The deal between Kaepernicks production arm, Ra Vision Media, and The Walt Disney Co. was announced Monday. His deal with The Walt Disney Co. will extend across all Disney platforms, including Walt Disney Television, ESPN, Hulu, Pixar and The Undefeated. During this unprecedented time, The Walt Disney Co. remains committed to creating diverse and inclusive content that resonates and matters, said Bob Iger, Disneys executive chairman. Developing exceptional storytelling told through a wide array of voices is at the core of who we are at ESPN, ESPN President Jimmy Pitaro said.
Coronavirus: Disney may take your temperature once parks reopen
Once Disney amusement parks re-open after the coronavirus outbreak subsides, new security measures may be put into effect to prevent guests from getting sick. Disney officials said that upon entering the parks, you may have your temperature taken at the security checkpoint. Disney executive Bob Iger spoke about the new normal for the amusement parks in an interview with Barron's Magazine. He said temperature screenings are a possibility to meet health guidelines and make visitors feel safe. Disneyland in California and Walt Disney World in Florida are closed indefinitely during the pandemic.