Bob Iger

Disney battle heats up as Trian nominates Peltz and Rasulo for board

The battle for the future of Disney between the company’s management led by Bob Iger and activist investor Nelson Peltz’s Trian Partners is heating up. Trian has announced that it will nominate two candidates to the Disney board – Peltz himself and former Disney executive Jay Rasulo, who at one time was mooted as a […]

Disney boosts board ahead of Peltz showdown as Iger says linear nets ‘not for sale’

Ahead of a likely showdown with ‘activist investor’ Nelson Peltz over the latter’s claim to board representation, Disney has appointed James P. Gorman, Chairman and CEO of Morgan Stanley, and Sir Jeremy Darroch, former Group CEO of Sky, as new directors. Darroch’s appointment is effective January 9, 2024, and Gorman’s is effective February 5, 2024. […]

Disney’s Iger hires ex-execs Mayer and Staggs as consultants

Disney chief Bob Iger has hired former executives Kevin Mayer and Tom Staggs to serve as consultants as the Mouse House looks to define its legacy TV strategy. The move comes after Iger’s recent admission that Disney’s linear TV divisions such as ABC, FX and Nat Geo “may not be core” to the business, with the […]

Linear channels ‘may not be core’ to Disney, says Iger

Disney CEO Bob Iger is exploring the future of its linear TV assets such as ABC, FX and Nat Geo, admitting that they “may not be core” to the business. Iger, who signed a new two-year deal at the Mouse House earlier this week, told CNBC during an interview at the Sun Valley media conference […]

Disney’s Bob Iger to serve as CEO through 2026

The Walt Disney Company board of directors has extended Bob Iger’s contract as chief executive officer through to 2026. The board of directors voted unanimously to extend Iger’s contract by two years. During the company’s ongoing transformation, Iger’s continued leadership will provide more time to execute a transition plan for CEO succession. Iger returned to […]

Disney to combine Disney+ and Hulu in single app as streaming losses slow

Disney is to launch a combined Disney+ and Hulu app by the end of the year, and plans to pull content from its D2C services, with the company having reduced its streaming losses, but not its subscriber declines, in Q2 2023. CEO Bob Iger announced the plans to place Disney+ and Hulu content on to […]

Disney says Peltz ‘oblivious’ to media industry developments as board battle looms

Disney has reiterated its opposition to activist investor Nelson Peltz’s attempt to secure a seat on the company’s board in a letter to shareholders made public in its latest Securities and Exchange Commission filing. Outlining its board’s reasoning in deciding not to recommend Peltz, Disney said that the latter and his Trian Group representatives “had […]

Disney set for battle as activist investor Peltz asks for seat on board

The Walt Disney Company is setting itself up to fight activist investor Nelson Peltz after calling on shareholders to reject his move to gain a seat on the company’s board. Peltz’s Trian Fund Management nominated the billionaire investor for election as director in opposition to the nominees recommended by the board, and brought a proposal […]

Iger to target Disney+ creativity and profitability over subscriber growth

Bob Iger, who returned as Disney CEO last week, has told employees that he will focus on creativity and profitability as he seeks to get the company back on an even keel. A key implication of his internal message is that the firm will no longer be chasing subscriber growth for the sake of it […]

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