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August 10, 2011 | By Dawn C. Chmielewski, Los Angeles Times
Walt Disney Co. reported a jump in net income for its fiscal third quarter, buoyed by the strong performance of its theme parks and its cable television channels — most notably, the ESPN sports network. The company posted a net income of nearly $1.47 billion for the quarter that ended July 2, up 11% from a year earlier. Revenue rose to $10.67 billion, a gain of 7% from the same period last year. The results were better than Wall Street had expected. However, the Burbank entertainment conglomerate's earnings were affected by a charge of $34 million at the film studio related to layoffs in June.
March 24, 2011 | By Dawn C. Chmielewski, Los Angeles Times
Walt Disney Co. shareholders returned Apple Inc. Chief Executive Steve Jobs to the entertainment company's board of directors, despite questions raised about whether his health would hamper his ability to serve. Jobs was reelected along with 12 other directors. The shareholders also rejected a proposal that would have ended the practice of allowing Disney's board to administer a retest to determine whether senior executives qualify to receive stock bonuses. Unite Here, the union that represents about 2,100 hotel workers at Disneyland and California Adventure theme parks, put forth the proposal, maintaining that the second eligibility test increases the likelihood that top Disney executives would receive their awards.
May 17, 2006 | Meg James and Claudia Eller, Times Staff Writers
When ABC announced Tuesday that its fall slate would include three series created by star television writer-producer J.J. Abrams, Hollywood insiders suspected that there was a bit more behind Abrams' trifecta than the success of his hit show "Lost." For weeks, Abrams' representatives have been floating a proposal to ABC's corporate parent, Walt Disney Co., and to several other entertainment companies that have expressed a keen interest in being in the J.J. Abrams business. Even before Abrams' film directorial debut, "Mission: Impossible 3," opened in theaters May 5, his agent and lawyers had been offering studios the chance to bankroll a new "creative collective" -- a major stand-alone label that would employ many co-creators, story editors, staff writers and producers with whom Abrams has worked for many years.
November 13, 2009 | Dawn C. Chmielewski
A high-level executive reshuffling at the Walt Disney Co. on Thursday will give Chief Executive Robert A. Iger a deeper bench from which to choose a No. 2. The restructuring came in advance of the company's fourth-quarter earnings announcement. Disney reported an 18% bump in income, fueled by gains in the television group that helped offset a loss at the film studio and softness in the theme park business. As part of the management changes, Chief Financial Officer Tom Staggs will trade jobs at the end of the year with Parks and Resorts Chairman Jay Rasulo.
November 11, 2011 | By Dawn C. Chmielewski, Los Angeles Times
Walt Disney Co. reported strong fourth-quarter earnings, buoyed by gains at Disney Channel and ESPN and at the Burbank company's theme parks. The entertainment giant reported net income of $1.08 billion for the quarter ending Oct. 1, a jump of 30% compared with a year earlier. Revenue also rose 7% to $10.4 billion. Disney achieved record revenue, net income and earnings per share for fiscal 2011. Net income for the year reached $5.26 billion on revenue of nearly $41 billion.
August 8, 2012 | By Dawn C. Chmielewski, Los Angeles Times
Marvel's comic book superheroes "The Avengers" proved up to the task of vanquishing not only a malevolent demigod — but also the ghost of "John Carter. " The blockbuster summer movie, which has garnered nearly $1.5 billion in worldwide box-office receipts so far, helped Walt Disney Co. post a better-than-expected 24% increase in quarterly earnings. Buoyed by "The Avengers" and improvements at its theme parks and consumer products groups, the Burbank company reported a profit of $1.83 billion, or $1.01 a share, for its fiscal third quarter, which ended June 30, compared with $1.48 billion, or 77 cents a share, a year earlier.
December 19, 2008 | JOEL STEIN
I have never been so upset by a poll in my life. Only 22% of Americans now believe "the movie and television industries are pretty much run by Jews," down from nearly 50% in 1964. The Anti-Defamation League, which released the poll results last month, sees in these numbers a victory against stereotyping. Actually, it just shows how dumb America has gotten. Jews totally run Hollywood. How deeply Jewish is Hollywood?
April 16, 1995
The April 9 puff piece on ABC Entertainment President Ted Harbert was the height of vacuous self-promotion ("Networking, '90s Style," by Rick Du Brow). Harbert inherited a network already on the rise, and no credit or mention was given to the previous architect of that ascent: former ABC President Robert Iger. Iger moved up and handed Harbert the reins. Iger did a rather brilliant job, which is why Harbert has so much time on his hands to do publicity. MARC GATTNER Studio City
March 15, 2005
At last, the Magic Kingdom is losing its king -- though ever the marketer, Michael Eisner used his resignation letter to Disney's board of directors to promote an upcoming book and his son's new feature film. It's hard to quibble with the choice of Robert Iger to succeed Eisner at the helm of the iconic entertainment company. He's a Disney veteran credited with turning around the ABC network and building ESPN into a moneymaker.
February 2, 2008 | From the Associated Press
Walt Disney Co. said Friday that it had signed Chief Executive Robert Iger to a five-year contract that would pay him an annual salary of $2 million plus bonuses and stock awards that could be worth millions more. Under terms of the deal, Iger could receive an annual incentive bonus of $10 million or more, along with an annual equity award valued at $9 million or more, if Disney meets certain performance goals, according to a document filed with the Securities and Exchange Commission.
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