Iger

A great deal has been made about Disney’s struggles at the box office of late, but those battles have become a possible war for The Walt Disney Company as the entertainment giant is fighting a proxy war on two fronts. Two different investment firms are making plays for seats on the Disney board, the most significant, Nelson Peltz’s Trian Group, has the support of former Marvel Entertainment head Ike Perlmutter, but Bog Iger and Disney just solidified a major ally in George Lucas.This morning the man who sold Lucasfilm to…

Filmmaker and Hollywood legend George Lucas is throwing his support behind Walt Disney CEO Bob Iger in the bitter proxy battle between the company and activist investor Nelson Peltz.Lucas, who received 37.1 million Disney shares as part of Disney's $4.05 billion purchase of Lucasfilm in 2012, is currently the largest individual investor in the company, multiple sources confirmed to CNBC.In a statement provided to CNBC, Lucas wrote:"Creating magic is not for amateurs. When I sold Lucasfilm just over a decade ago, I was…

The “Star Wars” creator and one of Disney’s biggest individual shareholders said Tuesday that he was confident in the company’s leadership in their battle against Peltz, whose hedge fund Trian Partners is trying to seize two board seats. The “Star Wars” creator and one of Disney’s biggest individual shareholders said Tuesday that he was confident in the company’s leadership in their battle against Peltz, whose hedge fund Trian Partners is trying to seize two board seats. FOLLOW US ON GOOGLE NEWS Read original…

It turns out Warner Bros. isn’t the only studio canceling its own releases. While there are no specifics on the level of that company’s ill-fated Batgirl or Coyote vs. Acme, it has been confirmed that Disney has also done some strategic “killing” of projects as part of a plan to get its profits back on track.We Rode the New Disney Coaster Guardians of the Galaxy Cosmic RewindWe know this because, well, Disney CEO Bob Iger said it himself. “You have to kill things you no longer believe in, and that’s not easy in this…

Disney CEO Bob Iger said that the entertainment giant will leverage its $1.5 billion deal with Epic Games to build a “Disney universe” akin to a metaverse where consumers can engage with Disney IP, including from Marvel, Pixar and “Star Wars.” Speaking at the Morgan Stanley Technology, Media & Telecom conference in San Francisco on Tuesday, Iger said the company did the deal last month because it was underrepresented in video games and that he was stunned to learn that Gen Z and Gen Alpha kids were spending…

The descendants of Walt Disney and his late brother Roy O. Disney are publicly backing the company and its CEO ahead of an April shareholders meeting. The descendants of Walt Disney and his late brother Roy O. Disney are publicly backing the company and its CEO ahead of an April shareholders meeting. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified.…

Disney CEO Bob Iger wants to launch a virtual Disney world, that would be similar to Meta's Metaverse. Disney is also planning to invest $1.5 bn in Fortnite, and have that as a crucial element of Disney's metaverse In a…

Bob Iger wished his colleagues “smooth waters ahead” as he stepped down in 2021 after 15 years at Disney’s helm. They proved anything but.Eleven months later, he was summoned out of retirement. Iger, who had been lauded for transforming a rusty Hollywood tug into a gleaming flotilla of new media entities during his first stint in charge, was given a second stint to steer the company back on course.The seas have yet to calm. Now pirates are looking to clamber aboard, as the renowned activist investor Nelson Peltz fights to…

Two decades after replacing Eisner, CEO faces many of the same challenges. Two decades after replacing Eisner, CEO faces many of the same challenges. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your…

Tesla has removed Disney+ from some of its vehicles amid Elon Musk having an online fight with Disney CEO Bob Iger. The fight started when Disney halted its advertising on X after Musk agreed with and amplified anti-Semitic content for which he eventually apologized. Every week, there’s a new drama with Elon Musk on X, formerly known as Twitter. It sometimes indirectly affects Tesla, but this time, it affects it directly. The current drama stems from Musk giving support to an antisemite post…