Page 4 - Walt Disney

Disney names Morgan Stanley's Gorman to board ahead of expected fight

Earlier this month, ValueAct Capital Management became the second activist investor to amass a stake in Disney

Have no regrets about returning, despite challenges, says Disney's Iger

Iger, who came back as CEO a year ago after the dismissal of his hand-picked successor Bob Chapek, said the company has emerged from a year of "fixing a lot of things"

Disney tops profit estimates, seeks extra $2 billion in cost savings

Runaway expenses and the missing dividend were two key issues raised by activist investor Nelson Peltz, who is once again seeking board representation at the comany

Disney taps CFO Hugh Johnston who fended off Peltz at Pepsi, beat forecasts

"With Hugh there, Pepsi did a nice job convincing the Street that it had a growth plan," said Bloomberg Intelligence analyst Ken Shea

Walt Disney Co names PepsiCo's Hugh Johnston as chief financial officer

Johnston has served a variety of roles at PepsiCo beginning in 1987. He left to become the CFO at Merck and Co. from 1999 to 2002, then returned to the Purchase, New York snack and beverage giant

ESPN could be valued at $24 billion, likely buyers Apple and Verizon

Disney begins appraisal process for Hulu stake Walt Disney said it plans to buy Comcast's one-third of the Hulu streaming service, kicking off an appraisal process that will extend into next year

Here's why Disney's deal to sell Indian ops will follow Murdoch's logic

The Star India business came to Disney as part of a $71 billion global acquisition of 21st Century Fox Inc.'s entertainment assets

Blackstone in discussion with Disney to acquire India streaming, TV assets

Sources said that there is still no guarantee that negotiations between the two will result in a transaction

Weekend Bites: RBI kills one bird with one stone, future of 50-over cricket

In which we munch over the week's platter of news and views

Disney shares Fall over 3% after doubling park spending to $60 billion

Disney said it has seen record growth in customer spending at parks over past two years, and significant decrease in number of tickets it sells at a discount, compared with before pandemic

Byron Allen submits $10 billion bid for ABC, other Disney networks

Allen is basing his offer on the assumption that the properties generated $1.25 billion in earnings before interest, taxes, depreciation and amortization over the past 12 months

Walt Disney, Charter Communications near distribution deal: Report

Charter, one of the biggest cable companies in the United States, has been locked in a distribution battle with Walt Disney over how much its channels are worth and how to package them

Walt Disney loses users, plans to boost prices for ad-free content

Streaming company logs its third straight quarter of decline, issues in Indian market play a large role

Disney rises over 6% as cost cuts, Hollywood strikes save $3 billion

Disney expects content spending this year to total about $27 billion, Kevin Lansberry, acting chief financial officer, said Wednesday on a call with investors after the Burbank

Walt Disney's ESPN getting into sports betting with Penn Entertainment

Penn will make cash payments totaling $1.5 billion over the 10-year term and grant ESPN $500 million of warrants to purchase Penn shares

Disney's ESPN seeks strategic partners to advance sports streaming

ESPN has had talks with National Basketball Association, National Football League and the National Hockey League for potential partnerships

Google cannot remove Disney app in tussle over in-app charges: Court

Disney's lawsuit is the latest and most high-profile challenge to Google's policy of imposing a "service fee" of 11-26% on in-app payments in India

Disney entering Mukesh Ambani's India orbit is a worry for advertisers

Indian advertisers, however, might not be as lucky as Iger, whose contract just got extended by another two years. They may be staring at an erosion of competition

Disney extends CEO Bob Iger's contract two more years through 2026

Bob Iger will remain as CEO of The Walt Disney Co. through the end of 2026, agreeing to a two-year contract extension that will give the entertainment and theme park company some breathing room to find his successor. Shares climbed before the market open on Thursday. Iger rejoined Disney as CEO in November, taking over control of the company from Bob Chapek. He had previously served as CEO and chairman from 2005 to 2020 and then as executive chairman and chairman through 2021. Chapek's short tenure was met by much criticism, particularly from Disney park loyalists who openly criticised Chapek on social media. The perception among many fans was that Chapek had a business first, customer last mentality. Iger wasted no time once back in the CEO role, making one of his priorities reconnecting with the Disney theme park die-hards and restoring their faith in the brand. Because I want to ensure Disney is strongly positioned when my successor takes the helm, I have agreed to the board's

Disney's India business sale may attract private equity firms, local rivals

In 2019, when Walt Disney acquired 21st Century Fox's entertainment business for $71.3 billion, the valuation of the India business was pegged at $14-15 billion