January 12, 2010 |
Continuing to clean house and put his own team in place, Walt Disney Studios Chairman Rich Ross has ousted the studio's production chief, Oren Aviv, according to two people close to the executive. Aviv, who had been at the studio for 18 years, was president of marketing from 2000 to 2006 before taking the production job. Aviv also served as an executive producer on the studio's movie series "National Treasure" and was a close ally of former studio head Dick Cook, who was ousted by Ross last year.
January 21, 2012 |
Walt Disney Co. Chief Executive Bob Iger received nearly $31.4 million in total compensation last year, a 13.6% increase from 2010, according to a filing with the Securities and Exchange Commission. The board's compensation committee laid out the case for Iger's package, noting that 90% is tied to Disney's performance. It said the Burbank entertainment giant achieved record net income, revenue and earnings per share in fiscal 2011, and initiated a number of projects that would contribute to the company's' future growth — including expanding attractions at Disney theme parks in California, Florida and Hong Kong, and the joint venture to create a new park in Shanghai.
October 30, 2012 |
Walt Disney Co. has agreed to acquire Lucasfilm for $4.05 billion in a surprise deal that gives the media giant control of the "Star Wars" franchise. Along with the purchase, Disney announced that it plans to release a seventh live-action "Star Wars" movie in 2015. The agreement continues Chief Executive Bob Iger's strategy of growing Disney through huge acquisitions that give the Burbank company control of key pieces of intellectual property. In 2009, Disney acquired Marvel Entertainment for $4 billion, a deal that resulted in this year's hit "The Avengers.
March 11, 2009 |
Walt Disney Co. investors, meeting at the company's annual shareholder meeting, rejected a pair of proposals that would have buried so-called golden coffin benefits for senior executives and given shareholders a say in executive compensation. Scott Adams of the American Federation of State, County and Municipal Employees Pension Plan Fund handed Disney board members a symbolic golden nail and urged them to hammer it into the company's golden coffin benefits, which provide millions in posthumous payments to the families of top executives.
November 18, 2009 |
In his first move affecting a major film project, newly named Walt Disney Studios chief Rich Ross has pulled the plug on a planned $150-million production of "Captain Nemo: 20,000 Leagues Under the Sea" -- the last project approved by his predecessor Dick Cook. The family adventure movie -- a high priority for Disney that the studio had envisioned as a potential franchise along the lines of "Pirates of the Caribbean" -- was scheduled to begin shooting in February in Mexico. Disney had already spent about $10 million hiring crews, who were prepping the movie and planning to build elaborate sets in Rosarito Beach.
September 22, 2009 |
Walt Disney Co. Chief Executive Bob Iger must act quickly to replace studio head Dick Cook to avoid further destabilizing the Burbank-based movie operation. Cook's abrupt departure Friday is upsetting employees, many of whom are finding it difficult to focus on work because they are anxious about their future. In addition, stars and filmmakers do not like to face uncertainty and want assurances that their projects will remain on track. Iger is not tipping his hand about whom he will name to fill the job. One executive that's a subject of speculation is Disney Channel President Rich Ross.