Alex Weprin / The Hollywood Reporter:
The Walt Disney Company’s board announces that Bob Chapek will step down as CEO, and Bob Iger will return to take his place, effective immediately — Disney’s board of directors announced the move Sunday evening.
Wall Street Journal:
Bob Iger, CEO of Walt Disney from 2005 to 2020, joins VC firm Thrive Capital, founded by Joshua Kushner, as a venture partner — As a venture partner, Iger will identify new investments and mentor founders in day-to-day role — Netflix Hit a Subscriber Peak, Here’s How It Plans to Keep Growing
Sarah Krouse / Wall Street Journal:
Bob Iger returns to a more competitive and challenging streaming landscape and should steer Disney+ to profitability without cannibalizing Disney’s other units — Incoming CEO championed Disney+, but needs to steer streaming business toward profitability without cannibalizing other Disney units
Peter Kafka / Vox:
Former Disney CEO Bob Iger says the company found that “a substantial portion” of Twitter’s users were “not real”, when Disney considered buying Twitter in 2016 — Bots were fine. Nastiness wasn’t. — Elon Musk wanted to buy Twitter. Then he decided he didn’t.
Alex Weprin / The Hollywood Reporter:
Filing: Disney now owns 100% of streaming tech company BAMTech after paying $900M for MLB’s 15% stake in November 2022; Disney acquired a majority stake in 2017 — Disney acquired a majority stake in the tech company in 2017, and has used it to power its streaming services.
Joseph De Avila / Wall Street Journal:
Disney rolls out ad-supported Disney+ for $7.99 per month; the ad-free version will now cost $10.99 per month, up from $7.99 — The overhaul of Disney+ comes after a slowdown in subscriber growth for streaming services — Walt Disney Co. DIS .68%increase; green up pointing triangle rolled …
Wall Street Journal:
Sources: Disney explores a membership program similar to Amazon Prime, bundling streaming, theme parks, and merchandise, and adding commerce features to Disney+ — Entertainment giant looks to package streaming, parks and merchandise offerings together; aims to add commerce feature to Disney+
Please confirm you want to block this member.
You will no longer be able to:
Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.
