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The Latest Breaking News from Bob Iger

Disney Cuts Streaming Red Ink but Posts $460 Million Q3 Loss

Company takes $2.65 billion in restructuring charges

Broadcasting & Cable

Disney Q3 2023 Earnings Call Live Blog: Bob Iger Speaks On Strike, Possible Sale To Apple

CEO Bog Iger is expected to touch on the WGA/SAG-AFTRA strike and the ongoing legal battle between Disney World and Florida among other topics.

Cinemablend

Hollywood studios reportedly want strikes to last until picketers lose their homes. Now, ‘Cinderella’ star Billy Porter has been forced to put his up for sale

The Emmy-winning actor said he’s still living “check to check.”

Fortune

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‘You’ve starved me out’: Billy Porter says he’s lost his house to actors’ strike

Pose star says ongoing strike has led him to sell his house, and condemns Disney CEO for saying demands were ‘unrealistic’

The Guardian - US

Disney: streaming queen or struggling company?

Disney’s stock has fallen 11% since Bob Iger returned to the company in November.

Fortune

Disney has a task force exploring A.I., as writers and actors strike over concerns it could steal their jobs

Disney has reportedly started a task force to explore how artificial intelligence could be used across the media conglomerate’s many divisions.

Fortune

Disney Stock: Buy or Sell Ahead of This Week's Earnings?

Disney stock has been underperforming for several years, and all eyes will be on "the S-word" in this week's Q3 results. However, with valuations looking attractive and cost-cutting efforts well underway, the stock could be a solid buy at current levels.

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The famously overworked visual effects workers behind the Marvel movies just voted to join a union

“Entertainment workers everywhere are sticking up for each other’s rights. That’s what our movement is all about,” said IATSE International president Matthew D. Loeb.

Fortune

Billy Porter reveals he has to sell his house due to Hollywood strikes: ‘You’ve already starved me out’

‘Pose’ star is selling his home to deal with the financial impact of Hollywood’s shutdown

The Independent UK

Disney’s Gen Z princess joins the labor movement as Rachel Zegler says 'fellas is it woke to wanna be fairly compensated'

“If I’m gonna stand there 18 hours in a dress of an iconic Disney princess,” said the future Snow White, “I deserve to be paid for every hour that it’s streamed online.”

Fortune

It’s not just Disney—Warner Bros. Discovery lost millions of streaming subscribers, too

CEO David Zaslav predicted another year of operating losses at its global streaming business in 2023 as rivals struggle to narrow the gap with Netflix.

Fortune

ESPN used to be Disney’s cash cow. Now, its revenue is declining, and Bob Iger is looking to sell a stake

The sports network depends on cable TV for revenue. But cable is on the decline since the rise of streaming.

Fortune

Bob Iger lures back 2 former execs who were once in line for the Disney CEO job

The former heirs apparent will work as consultants for now.

Fortune

Striking Actors, Writers, Hotel Workers Make the Personal Political

With employers stalling, unions seek to build public pressure by spotlighting CEO pay and corporate excess.

Capital & Main

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Zenger

Disney CEO Bob Iger Faces Backlash Over Strike Comments Amid Sale Speculation

Criticism mounts as Iger's remarks on Hollywood strike raise questions about potential Disney sale

Zenger

Italian Authority Closes Google Probe, Focuses On Data Portability

Alphabet's Google escapes investigation as Italy commits to enhancing data portability.

Salon

Why Marvel is increasingly irrelevant

If a series about Nick Fury doesn't feel urgent or crucial, then the MCU is losing the battle for our attention

Broadcasting & Cable

Putting the Band Back Together: Bob Iger Brings Back Kevin Mayer and Tom Staggs

Disney chief enlists some familiar faces to help navigate a complicated transition to direct-to-consumer streaming

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Zenger

Warner Bros.’ Barbie Surpasses $600M At Box Office Amidst Dino, Marvel, And Star Wars Dominance

As Mattel Inc. strikes continue, Bryan Cranston targets Disney CEO Bob Iger in pro-strike speech

The Independent UK

Sarah Silverman berates ‘scabbing’ actors for working on indie projects during SAG strike

The actors union has authorised 45 “truly independent” productions to continue working under strike exemptions

Fortune

Bob Iger has become enemy No. 1 as other media bosses dodge Hollywood’s wrath. PR experts say it’s a cautionary tale in CEO communication

Iger likely deviated from his media training and came across as someone lacking empathy, PR experts say.

Cinemablend

Arrowverse Co-Creator Weighs In On Bob Iger's Marvel Critiques, And His Response Is Steeped In DC Loyalty

After Bob Iger criticized Marvel's output, Arrowverse co-creator Marc Guggenheim weighed in with his own take that seemed to ooze DC loyalty.

The Independent UK

Netflix lists $900,000 AI job amid SAG-AFTRA strike for protections against ‘scary’ technology

Hollywood has been effectively shut down as actors and writers are protesting studios and streamers

Cinemablend

Bryan Cranston Just Directly Called Out Disney CEO Bob Iger About Using AI

During a rally in New York Bryan Cranston took aim at Disney's embattled CEO.

The Independent UK

ESPN considers adding sports leagues as partners as it transitions from cable to digital

ESPN chairman Jimmy Pitaro says the network could take on a sports league as a minority partner as the network continues its transition from a cable channel to a digital company

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