The Walt Disney Company turned franchises like Marvel and “Star Wars” into the biggest media business in the world, and last fall it was putting the finishing touches on the image of a storied character: its chief executive, Bob Iger. In late September, Mr. Iger, 69, published “The Ride of a Lifetime,” an engaging work of…
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DISNEY GLITCHY ROLLOUT USER MELTDOWN
The company issued a statement, which said in part that demand “exceeded our high expectations.” The Walt Disney Co.’s Disney+ streaming service appeared to be hit by technical difficulties on its launch day, Tuesday. Twitter users mentioned problems accessing the service or some of its features around 7 a.m. New York time, and Downdetector.com showed 6,900…
Massive Debt Among Media Giants Could Cripple Hollywood…
Randall Stephenson, AT&T’s chairman-CEO, summoned all of his folksy Oklahoma earnestness as he made an enthusiastic pitch to Wall Street analysts about the telephone company’s bold efforts to transform itself into a multimedia powerhouse. It was late November, less than six months after AT&T had wrapped up its $85 billion acquisition of Time Warner. But before Stephenson could…
Bob Iger: At Disney, We Live Every Day In Terror That You’ll Turn On Superhero Movies
BURBANK, CA—Emphasizing that losing even just a few comic book fans would be a “fate worse than death,” Disney CEO Bob Iger admitted Monday that he and all his employees spend every waking moment consumed by the fear that you will one day turn on superhero movies. “Working at Disney? It’s hell. Because I know…
How Disney’s Investment in Streaming Will Affect Its Bottom Line
There are two factors negatively impacting Disney as it goes direct to consumers. Walt Disney (NYSE:DIS) is undergoing a major transition. The increased focus on direct-to-consumer streaming video services led the company to restructure its business to break out direct-to-consumer operations (along with international results). Disney will have three major streaming services next year: Hulu, ESPN+, and a Disney-branded…
Disney Ups Its Bid for 21st Century Fox to $71.3 Billion
The Walt Disney Company sharply increased its offer for 21st Century Fox on Wednesday, as it looks to win a bidding war with Comcast for Rupert Murdoch’s entertainment conglomerate. In a quickly issued response, 21st Century Fox announced that it had entered into an agreement with Disney, adding that it considered the revamped offer, now…
Bob Iger Offers Rupert Murdoch One Night With Mickey Mouse In Exchange For 21st Century Fox
BURBANK, CA—Revealing that it was the provision that essentially sealed the multi-billion dollar deal, sources reported Thursday that Disney Company CEO Bob Iger offered Rupert Murdoch one night with Mickey Mouse in exchange for 21st Century Fox. “To help sweeten our $52.4 billion proposal, we offered Mr. Murdoch access to Mickey for a single-night encounter,…