Bob Iger, with pressure mounting on multiple fronts, has turned to former top Disney executives Tom Staggs and Kevin Mayer, hiring them as consultants to the media giant as it defines its strategy.
13.07.2023 - 12:55 / deadline.com
Disney CEO Bob Iger said the linear TV business “may not be core” to the company, and efforts are under way to explore a number of strategic options for them.
He also criticized SAG-AFTRA and the WGA for their “unrealistic” demands in their labor fights with the AMPTP, with the resulting strikes doing damage to the economy.
Speaking to CNBC’s David Faber in a wide-ranging conversation in Sun Valley, ID, where Iger is attending Allen & Co.’s annual conference, Iger conceded his second stint as CEO has been more challenging than he expected. The interview came a day after the news that Disney’s board unanimously voted to extend Iger’s contract to serve as CEO for another two years, through the end of 2026.
Iger said the labor situation is “very disturbing to me.” Coming off Covid, he said, “this is the worst time in the world to be adding to that disruption. I understand any labor organization’s desire to have its members to be compensated fairly based on the work that they deliver. We’ve managed as an industry to negotiate a very good deal with the Directors Guild that reflects the value that the directors contribute to this great business. We wanted to do the same thing with the writers and we’d like to do the same thing with the actors. There’s a level of expectation and they are adding to the challenges this business is facing,”
Iger said the company is looking at its strategic options for linear TV, including with ESPN, though he asserted that sports “stands tall” when compared with the rest of the TV landscape.
Pressed by Faber about what a new configuration would look like, Iger said he would not speculate.
Iger conceded that the challenges facing the entertainment business are much more daunting than he expected
Bob Iger, with pressure mounting on multiple fronts, has turned to former top Disney executives Tom Staggs and Kevin Mayer, hiring them as consultants to the media giant as it defines its strategy.
Jaden Thompson Will Smith has taken to Instagram and Twitter to support the SAG-AFTRA and WGA strikes. A member of SAG-AFTRA, Smith wrote about the importance of this moment for both guilds. “I wanna talk for a second about ACTING,” Smith wrote.
2023 Emmy Awards are no longer taking place on Monday, Sept. 18, as was originally planned.
2023 Emmy Awards are no longer taking place on Monday, Sept. 18 as was originally planned.
Joe Otterson TV Reporter Bryan Cranston delivered a fiery speech at a SAG-AFTRA strike rally in Times Square on Tuesday, which included a message directed at Disney head Bob Iger. “We’ve got a message for Mr. Iger,” Cranston said from the stage of the “Rock the City for a Fair Contract” rally.
Matt Donnelly Senior Film Writer There’s an old joke used in show business when events and gatherings lack major celebrity attendance: “Somebody punch me in the face so I can see some stars.” But it’s no joke when it comes to the picket lines of the SAG-AFTRA and Writers Guild of America strikes, according to some of the protesters on the ground and select industry players who spoke to Variety. There’s been a “palpable” lack of headliners, said one prominent SAG-AFTRA member, speaking on the condition of anonymity. “If our stars were all out there in force advocating for us, we’d know it,” they added. Meryl Streep, Jennifer Lawrence and Rami Malek all signed a June letter telling union leadership they were prepared to strike, but none of them have surfaced holding signs or chanting at studio gates. Leonardo DiCaprio posted an Instagram story saying he stood “in solidarity with my guild,” but has yet to stand for any in-person protest. On day one of the actor’s strike in mid-July, one protester straddled a median at the drive-on gate at Netflix headquarters holding a sign that read, “Where the fuck is Ben Affleck?” So far, no one’s seen him on the front lines.
Gene Maddaus Senior Media Writer The group that bargains on behalf of the studios issued a point-by-point response on Friday to SAG-AFTRA, arguing that the union walked away from a deal with more than $1 billion in additional wages, residuals and pension and health contributions. The Alliance of Motion Picture and Television Producers also argued that it has accepted the union’s demand for “informed consent” on the use of artificial intelligence — which has become one of the major issues in the week-old strike. Duncan Crabtree-Ireland, the union’s top negotiator, alleged on July 13 that the studios want to scan background actors and replicate their likenesses “for the rest of eternity” without consent. The AMPTP has adamantly said that is false, and that its proposal includes both consent and compensation.
Cynthia Littleton Business Editor There was a large crowd in the room when SAG-AFTRA and Hollywood’s major studios and streamers formally began contract bargaining negotiations on June 7. About 80 participants from both the labor and management sides gathered at the Sherman Oaks headquarters of the Alliance of Motion Picture and Television Producers for the first day of what everyone knew would be a difficult negotiation for the performers union, which has been on strike since July 13. One big presence in the negotiations process who was not there in person on Day One was Fran Drescher, president of SAG-AFTRA. But Drescher had no trouble making herself heard that day. She addressed the gathering via video conference call from Paris – and she definitely got management’s attention.
Elsa Keslassy International Correspondent The double SAG-AFTRA and WGA strikes are worrying exhibitors in France, where the box office is driven by Hollywood blockbusters. In an interview with French news channel BFM Business, Richard Patry, who presides over the National Federation of Cinemas, predicts “the strike might go on for a long time” because it’s aimed at streaming services. “Many U.S. films have already started to be delayed, and it worries us a lot for 2024,” Patry said. The dearth of U.S. releases during the pandemic hurt the French box office, which was down by about 30% in 2022. Even if French movies have a large market share domestically, U.S. blockbusters typically drive an upward trend. Case in point: the French B.O. finally recovered this year and has been up 33%, bolstered by a spike in anticipated American movies, which skyrocketed from 29 in 2022 to 51 in the first five months of 2023, according to Comscore France.
Jordyn Palos Not many publicists will talk about the strikes – especially not publicly. It is our job to stay in the background and navigate the public-facing and oftentimes private worlds of the talent we represent. It’s a career that I have loved for nearly two decades. Publicists are paid a fee to deliver impactful campaigns that can move the needle for our clients’ careers, but my journey is much deeper than media placement, making sure that photo approvals are completed, or ensuring that a plane arrives on time for an overseas premiere. Representation is a responsibility, and not one that I take lightly. In 2010, I launched Persona PR out of my apartment with no larger agency experience and have worked to build my business from the ground up. As my company has expanded over the years, I have grown into more than a talent representative, and am now a full-fledged business owner, taking on employees and their livelihoods and wellbeing. I work to be a great partner for the companies we share business with, aspire to be a mentor to publicists coming up-the-ranks and became a wife and a mother to two children, as Persona PR has grown.
TelevisaUnivision CEO Wade Davis said the dual strikes crippling Hollywood have “zero impact” on his company’s operations due to the Hispanic media giant’s programming supply chain.
Elsa Keslassy International Correspondent French film guilds representing authors, directors and producers have released a joint letter pledging their “full solidarity” with the SAG-AFTRA and WGA double strike. “This battle that’s shaping tomorrow’s industry crosses borders. It’s also ours,” reads the letter, which was signed by the ARP (authors, directors, producers) and SRF (society of French directors), the governing body of Cannes’ Directors’ Fortnight. The letter says the double strike “signals a turning point where the questions of sharing of wealth and integration of new models and AI are central.”
After granting its first round of waivers for several films Tuesday, SAG-AFTRA has given another group of films permission to shoot during the strike including Ishana Night Shyamalan’s The Watchers, starring Dakota Fanning, and the Sam Raimi-produced Don’t Move. See the updated list below.
Fran Drescher, the sitcom star turned actors union leader, preferred to evoke the French Revolution, likening SAG-AFTRA’s struggle to the proletariat’s rebellion against an out-of-touch monarchy. “Eventually the people break down the gates of Versailles,” the “Nanny” star said during a press conference officially announcing the strike.
Gina Yashere, who plays Kemi in the CBS sitcom Bob Hearts Abishola, is breaking down the reasons why actors and writers have gone on strike.
SAG-AFTRA is expanding its strike activities outside Los Angeles and New York this week, with picket lines and rallies in Orlando, Atlanta and Hawaii.
Christopher Nolan sees the insistence by striking SAG-AFTRA and WGA members that studios and streamers limit the use of artificial intelligence stems directly from the explosion of streaming over the past decade-plus.
Well, Warner Bros. Discovery CEO David Zaslav already put his foot in his mouth responding to the WGA writers’ strike, so now it’s Bob Iger‘s turn.
Fran Drescher is speaking out in response to the controversy surrounding her recent trip to Italy and meetup with Kim Kardashian.
he said that the WGA and SAG-AFTRA’s conditions were “just not realistic” and that the prospect of a writers and actors strike was “very disturbing.”Iger’s comments come on a historic day, when SAG-AFTRA is expected to announce they are joining WGA on the picket lines after their Wednesday contract negotiations deadline passed without a deal. It would be the first Hollywood double strike in sixty years.Also notable for context, Iger’s comments arrive the day after his Disney contract was extended for an additional two years.