Disney to Forgo $150 Million in Fiscal 2019 as it Prepares to Launch Disney Plus – Variety

Disney will forgo about $150 million in content licensing revenue in its current fiscal year as the company prepares for the launch of Disney Plus later this year. During Disney’s quarterly earnings conference call on Tuesday, Disney CEO Bob Iger and chief financial officer Christine McCarthy offered a few details about the financial ramifications of…

Continue Reading →

Former Disney COO Tom Staggs Emerges as Top Candidate for CBS CEO Job – The Wall Street Journal

Former Walt Disney Co. Chief Operating Officer Tom Staggs has emerged as a top candidate to become CBS Corp.’s CBS -1.28% new chief executive, people familiar with the matter said, as the network tries to move past months of uncertainty and upheaval since the departure of Leslie Moonves over allegations of sexual harassment. The interest…

Continue Reading →

Disney Reports Earnings, but Focus Is on Its Streaming Service

LOS ANGELES — Disney’s coming Netflix-style streaming service most definitely has Wall Street’s attention. On an earnings-related conference call on Tuesday, analysts did not pepper Robert A. Iger, the Walt Disney Company’s chief executive, with questions about the entertainment company’s mixed quarterly results, which climbed but not as much as expected. Instead, the hourlong conversation…

Continue Reading →

Disney Lays Out Its Plan to Fight Back Against Streaming Giants

Walt Disney Co. Chief Executive Robert Iger gave investors a preview of what he wants his company’s next chapter to be. After several years of assuaging investors nervous about cord-cutting and competition from streaming giants such as Netflix Inc., Mr. Iger, on a conference call with Wall Street analysts Tuesday, focused on Disney’s high-stakes plan…

Continue Reading →

Disney/ABC TV Group Shakeup: Fox’s Peter Rice and Dana Walden Poised to Lead, Ben Sherwood Eyes New Role

As it moves closer to completing its acquisition of 21st Century Fox assets, Disney is preparing to overhaul the leadership of Disney/ABC Television Group. 21st Century Fox president Peter Rice and Fox Television Group chairman Dana Walden are slated to relocate to Disney in senior posts overseeing TV operations. Current Disney/ABC TV Group president Ben…

Continue Reading →

Comcast and Disney should stop fighting over Fox and split it up — but they probably won’t

So even though both companies want Fox’s assets for different reasons, and are willing to divest similar unwanted parts like regional sports networks, both companies are now fighting for the whole bundle of assets, including cable stations FX and Nat Geo and Endemol Shine Group. There are personal relationships at play here, too. Don’t forget…

Continue Reading →