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.
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.
September 21, 2009 |
After 38 years, the end for Dick Cook came in less than 10 minutes. The chairman of Walt Disney Studios, who began his career as a Monorail operator at Disneyland and went on to launch billion-dollar franchises like "Pirates of the Caribbean" and woo filmmaker Steven Spielberg to the studio, didn't know what was in store when his boss casually mentioned Tuesday that he wanted to see him for a few minutes later in the day. Cook had back-to-back meetings...
September 19, 2009 |
With all the signs of a classic Hollywood shake-up, Dick Cook, the longtime head of Walt Disney Studios, abruptly left the company Friday afternoon after 38 years. The news, which came just as offices were emptying out for the weekend, stunned the entertainment industry for its suddenness, even as it revealed a rift between Cook and Disney Chief Executive Robert A. Iger. The studio has had an uneven box-office performance and has been struggling creatively. It lost money in its most recent financial quarter.
May 6, 2009 |
Walt Disney Co. is poised to release "Up," another anticipated hit from Pixar Animation Studios. Studio brass hope the same will be true of the movie division's next quarterly earnings. Rather than attribute Disney Studios' dismal results to the weak global economy, Chief Executive Robert A. Iger bluntly put the blame on Burbank's doorstep. The studio's operating income plummeted 97% in the company's second fiscal quarter to $13 million, down from $377 million a year earlier.
January 17, 2009 |
Walt Disney Co. reported Friday that Chief Executive Robert Iger was awarded total compensation of $30.6 million last year, up 11% from 2007. Steve Jobs, Disney's biggest shareholder, is up for reelection to the board, the Burbank-based media company said in a regulatory filing. Jobs announced this week he's taking a medical leave from Apple Inc. for the first half of this year. Iger's salary was unchanged at $2 million. Net income at Disney, the second-largest U.S. media company, fell 5.
March 23, 2008
Gil Cates pulled off the mother of all award shows just last month, so putting on the annual Backstage at the Geffen Gala on Monday must have been a breeze for the Academy Awards producer. Honorees Disney President and Chief Executive 4. Robert Iger and Annette Bening flashed award-winning smiles along with their statues, noting their contributions to the theater community. Host Dick Van Dyke spontaneously burst into a few bars of "Supercalifragilisticexpialidocious," while Bening blurted out a "Romeo and Juliet" monologue she knew.
March 7, 2008 |
Few people would mistake Albuquerque as the happiest place on Earth. But the city -- the setting (if not the actual filming location) for the fictional East High from one of Walt Disney Co.'s hottest franchises, "High School Musical" -- seemed an appropriate place for President and Chief Executive Robert Iger to tout the year's accomplishments to shareholders. The reserved yet affable Iger has plenty to celebrate. The annual return to shareholders over the last five years was 15.
February 11, 2008 |
Months of sporadic talks with the Writers Guild of America had been fruitless. Bargaining sessions last summer and fall with the writers had become bogged down by the sheer number of people involved: more than a dozen corporate labor-relations executives, lawyers and staff members of the Alliance of Motion Picture and Television Producers.
February 2, 2008 |
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.