September 23, 2009 |
Walt Disney Co.'s romance with Marvel Entertainment began last February when Disney Chief Executive Bob Iger first brought up the idea of an acquisition during an otherwise innocuous business meeting with Marvel film chief David Maisel. In June, Iger made his intentions clear and the two companies embarked on a nearly three-month-long series of negotiations that involved four in-person meetings, numerous phone discussions and an intense back-and-forth over price that culminated in the $4-billion deal announced Aug. 31. The timeline of the negotiations that led to the acquisition, along with other details of the agreement, were disclosed Tuesday in a regulatory filing from Disney that led with its public offer of up to $2.12 billion in stock to help fund the deal.
August 16, 2012 |
Walt Disney Co.'s acquisition of Marvel Entertainment gave it the Hulk, Iron Man and other superheroes to fuel summer blockbusters for years to come. It also got Ike Perlmutter. Marvel's chief executive is hardly a household name. But Disney's purchase of the comic book publisher made Perlmutter one of the largest individual shareholders in the entertainment conglomerate, giving him special powers all his own. Superheroes are big business in Hollywood, accounting for three of the top-grossing films in the U.S. this year: Marvel's"The Avengers,""The Dark Knight Rises" and"The Amazing Spider-Man.
August 11, 2010 |
ESPN's World Cup soccer coverage and the strong box-office performance of films including Disney/Pixar Animation Studios' "Toy Story 3" helped buoy Walt Disney Co.'s bottom line in the third quarter. The media giant reported a 40% jump in earnings to $1.3 billion, up from $954 million a year earlier. Revenue reached $10 billion for the three-month period ending July 3, an increase of 16% from a year ago. In a call with analysts, Walt Disney Co. Chief Executive Robert A. Iger highlighted the film studio's summer performance, noting that it released three of the top five films worldwide in "Toy Story 3," Disney's "Alice in Wonderland" and Marvel Entertainment's "Iron Man 2. " The three pictures not only were a financial success but also have fueled other businesses such as merchandise sales, he said.
November 10, 2009 |
In a continued housecleaning at Walt Disney Co., studio distribution veteran Mark Zoradi is leaving after 29 years. The departure of Zoradi, president of Disney's motion pictures group, follows the ousting of his former boss, Disney Studios Chairman Dick Cook, in September and Miramax Films President Daniel Battsek late last month. Under the direction of Disney Chief Executive Bob Iger, the Burbank studio is being remade by Cook's successor, Rich Ross, former president of Disney Channels Worldwide.
October 6, 2011 |
When Walt Disney Co. looked to revamp its troubled retail stores in 2008, Chief Executive Robert A. Iger sought advice from the company's largest shareholder, a foremost expert on the consumer experience. Apple Inc. co-founder Steve Jobs had lured theme-park-size crowds to his company's stores with daring architecture, no-pressure sales staffs and displays that enticed customers to come in and play with the tech world's sexiest toys. Though Disney sold its chain four years earlier, its name was still on the stores.
December 17, 2010 |
The labor union representing hourly workers at the Disneyland Resort hotels is seeking to give shareholders a greater voice in executive compensation at parent Walt Disney Co. Unite Here has put forth a pair of proposals that it says would more closely align an executive's pay and bonuses with the company's performance, holding out Chief Executive Robert A. Iger's pay package for special scrutiny. The group cited harsh criticism of Iger's salary by two corporate governance authorities in a filing with the Securities and Exchange Commission.