In a surprise move late on November 20th, The Walt Disney Company announced that former CEO Bob Iger is returning to lead Disney as Chief Executive Officer, effective immediately. Iger, who spent more than four decades at the Company, including 15 years as its CEO, has agreed to serve as Disney’s CEO for two years, […]
Activist investor Dan Loeb seems to be backing off his call for Disney to spin-off ESPN. Loeb’s Third Point hedge fund bought a $1 billion stake in Disney this summer, and called for ESPN to be spun off to reduce Disney’s debt. Now The Walk Disney Company CEO Bon Chapek has told Disney’s InHhouse Con: […]
Disney CEO Bob Chapek has the “support and confidence” of the company’s board of directors, according to Chair Susan Arnold. The backing came as Chapek dismissed top TV executive Peter Rice less than a year after he signed a contract renewal. His number two, Dana Walden, is replacing him. Rice came to Disney via the […]
The Walt Disney Company has reported earnings for its second fiscal quarter ended April 2nd 2022. Revenues for the quarter and six months grew 23 per cent and 29 per cent, respectively, despite a $1 billion (€0.96bn) reduction for the amount due to a customer to early terminate licence agreements for film and television content […]
Disney CEO Bob Chapek has confirmed that the company, via its ESPN sports network, will bid for the NFL Sunday Ticket rights – the American football league’s subscription package that allows fans to watch out-of-market games. According to reports, the Sunday Ticket rights could fetch $2.5 billion per year, as ESPN faces competition from the […]
Disney+ has continued to defy expectations with the SVoD service adding 11.8 million subscribers in the last quarter of 2021, taking the total to 129.8 million globally. Disney CEO Bob Chapek predicted the service will have 230 million to 260 million subscribers by 2024. Overall, the company’s revenues increased by 34 per cent year-on-year to […]
To support the ongoing expansion of The Walt Disney Company’s direct-to-consumer business around the world and fuel the expanding pipeline of local and regional content for its streaming services, the Company is creating a new hub for international content creation under the direction of Rebecca Campbell as Chairman, International Content and Operations. In addition, the […]
On November 12th, The Walt Disney Company will host Disney+ Day, a global celebration to mark the second anniversary of the SVoD service. Subscribers to Disney+ will be treated to new content releases across the service’s brands (Disney, Pixar, Marvel, Star Wars, National Geographic, and Star in international markets) along with a special presentation on […]
Disney CEO Bob Chapek has told an investor conference that the company has no plans to follow the likes of HBO Max and Paramount+ in launching a cheaper ad-supported tier for its Disney+ SVoD service. “We’re always re-evaluating how we go to market across the world, but we’ve got no such plans now to do […]
Disney is set to close 100 of its cable television channels this year as it continues its move towards a streaming future. Speaking at JPMorgan’s annual Global Technology, Media, and Telecommunications Conference, The Walt Disney Company’s Chief Executive, Bob Chapek, revealed the plans to shut down the international channels in favour of placing its Disney+ […]