Bob Iger’s Disney and other entertainment giants have reportedly resumed their ad spending on Elon Musk’s X — a year after the billionaire told companies that fled his social media platform to “go f— yourself.” Disney, Comcast, Lionsgate Entertainment and Warner Bros. Discovery have spent roughly $3.3 million on ad buys on X this year, … Read more
The Walt Disney Co. isn’t prepared to say who will succeed CEO Bob Iger, but the entertainment giant is at least indicating when it will announce who is to replace the company’s respected chief executive. Disney said Monday it will disclose Iger’s replacement in early 2026. Relatedly, Disney’s board of directors also named Morgan Stanley … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Theme parks like Disney World and Disneyland are quickly becoming out of reach for many middle class families. Over the past 10 years, the average cost for a Disney World single-park ticket has increased more than 56%, above the national rate of … Read more
The U.S. travel sector has been surprisingly resilient when it comes to travel. Domestic travel numbers have returned to pre-pandemic levels and air travel has surged even as more than a third of travelers planned to take on debt for summer trips. However, inflation-weary consumers might be taking their money elsewhere when it comes to … Read more
Walt Disney on Wednesday named board member and Morgan Stanley executive chairman James Gorman to chair its succession planning committee, which is looking for the next chief executive officer. Disney won a months-long proxy war with activist investor Nelson Peltz who argued the company had underperformed in the streaming-television era and criticized its succession planning. The board has extended … Read more
The first trailer, which aired during American football’s 2024 Super Bowl, was viewed a record 365 million times online in the first 24 hours. The second broke another record – for the most “F-bombs” in the MCU: six in less than three minutes. Hugh Jackman as Wolverine/Logan in a still from Deadpool & Wolverine. Photo: … Read more
Billionaire Nelson Peltz’s Trian Fund Management has sold its entire stake in Walt Disney after a boardroom battle with the media giant, CNBC News reported on Wednesday, citing a person familiar with the matter. The hedge fund was Disney’s fifth-biggest shareholder with a 1.77% stake as of March 31, according to LSEG data. It sold the stake at … Read more
Disney chief Bob Iger prevailed in a bitter proxy battle with activist investors over the company’s board members Wednesday. The Mouse House garnered a “substantial margin” of support at its annual shareholders’ meeting, keeping its board of directors from relinquishing a board seat to Peltz, head of Trian management, and former Disney chief financial officer … Read more
Embattled ABC News president Kim Godwin was effectively demoted and will report to a “micromanager boss,” insiders told The Post — after parent Disney on Wednesday announced a major restructuring to the network’s leadership. The Mouse House said it is elevating veteran executive Debra O’Connell to helm a new division that would encompass ABC News, … Read more
Jamie Dimon, CEO of America’s largest bank JP Morgan Chase, has been iced out of the White House’s good graces after apparently endorsing Republican policies and calling Donald Trump “kind of right,” The Post has learned. The self-identified Democrat has been labeled “MAGA curious” by White House insiders after telling Democrats to “respect” Trump’s supporters … Read more
