Disney Chief Bob Chapek Sees Clear Path For Hulu To Merge With Disney+ Once Comcast Buyout Is Complete

A.D. Amorosi There’s a handsome backstory to Friday night’s concert “The Town Hall and T Bone Burnett Present a Tribute to Bob Dylan” — produced in partnership with the Bob Dylan Center — that went beyond present-day artists merely doing a set of covers. Dylan. New York City’s Town Hall. The two go hand-in-hand like whiskey and soda. In 1963, when the bourgeoning poet-folkie could no longer be confined by Greenwich Village’s coffee houses, his shrewd then-manager Albert Grossman chose the civic hall built by the League for Political Education to mark Dylan’s major league debut and unite his social consciousness with commerce for the first (but not the last) time.Dylan and T Bone Burnett also go hand-in-hand like whiskey and pretty-much-anything. Not only did Dylan pluck Burnett to be a guitarist on his legendary Rolling Thunder Revue tour of the late 1970s, Burnett recently produced Dylan’s one-off recording of “Blowin’ in the Wind” for Burnett’s Ionic Original acetate-format project with an auction price of nearly $1.8M. (Burnett is also linked to Town Hall with his smart co-production of 2013’s “Another Day, Another Time at the Hall”) in celebration of the Coen Brothers’ cinematic ’60s folk love letter “Inside Llewyn Davis.”

The Walt Disney Co., after some cage-rattling by activist investor Daniel Loeb, has added former Viacom and Facebook exec Carolyn Everson to its board of directors.

Gene Maddaus Senior Media Writer The Human Rights Campaign has agreed to accept a contribution from the Walt Disney Co., months after rejecting it at the height of the “Don’t Say Gay” controversy. The move comes as Disney continues to try to heal the damage done by its response to Florida’s Parental Rights in Education law, which restricts classroom instruction on LGBTQ identity. Disney initially declined to take a public position on the measure, leading to a major backlash among its employees. As the furor mounted, CEO Bob Chapek announced that the company would oppose the law and make a $5 million donation to HRC and other gay rights organizations. But HRC rejected the money, saying it first wanted to see the company “build on their public commitment” by working closely with LGBTQ organizations.

backed down from that recommendation. Disney said in a statement Friday that it has “agreed to customary standstill, voting and other provisions through Disney’s 2024 Annual Meeting of Shareholders” with Third Point.

Brian Steinberg Senior TV Editor As a top executive at Facebook and Instacart, Carolyn Everson knows a lot about the habits of tech-savvy consumers. Soon, she may be able to help Walt Disney Co. figure out how to harness them. Disney plans to expand its board of directors to 12 from 11 and nominated Everson as a new member. The move is supported by Third Point LLC, the activist investor that in August took a new stake in Disney and suggested a litany of big moves, such as spinning off ESPN or buying out Comcast’s ownership of Hulu. “We have a productive and collegial relationship with Third Point, with whom we share a deep commitment to continue building on Disney’s many successes and increasing shareholder value,” said Disney CEO Bob Chapek in a prepared statement.

EXCLUSIVE: Logan Lerman, fresh from starring alongside Brad Pitt in Bullet Train, has signed on to his latest high-profile TV role.

Brad Pitt is making a statement through art.

Brad Pitt is making a statement through art. The actor, who has taken an interest in sculpting and pottery in recent years, has unveiled a deeply personal collection of his artwork at a gallery in Tampere, Finland. Pitt's series of plaster and bronze sculptures is on display now through January at the Sara Hildén Art Museum as part of an exhibit of sculptures and paintings by contemporary artist Thomas Houseago and a ceramics collection by Nick Cave.

Sam Smith has announced a pair of shows at London’s Royal Albert Hall next month, marking their first headline gigs since 2019.Although the British pop star has appeared at numerous festivals and promotional events since 2019, their last tour concluded in Cape Town in April of that year.Smith will perform at the iconic London venue on October 21 and 22, with a setlist featuring some of their biggest hits and previewing material from their forthcoming new album. Fans can gain access to a special ticket pre-sale by pre-ordering the star’s new album directly from their online store before 4pm BST tomorrow (September 21).Those who gain access will receive codes at 6pm BST, with the pre-sale opening at 9am BST on Thursday (22).

While the Emmys drew mixed reviews, the film festivals closed to strong applause this week, not only for their movies (we’d forgotten some) but for their star turnout (forgot a few of them, too).

With a bit more than a year left before Disney can buy out Comcast’s financial stake in Hulu, Comcast CEO Brian Roberts pushed back on Disney CEO Bob Chapek’s suggestion that Hulu’s value has declined amid public market skepticism about streaming.

Todd Spangler NY Digital Editor Is there a bidding war brewing over Hulu? Comcast chairman and CEO Brian Roberts called Hulu a “phenomenal business” — and said that if Disney were willing to sell it, the cable and media company would be interested in buying it out. “Hulu’s a phenomenal business. Its scale is fantastic. It has wonderful content,” Roberts said, speaking Wednesday at Goldman Sachs’ Communacopia + Technology Conference 2022 in San Francisco. “If it was up for sale, Comcast would be interested” in buying 100% of Hulu, and “others would I think as well.” Disney currently owns 66% of Hulu and Comcast holds the remaining 33% stake. As of July 2, 2022, Disney recorded Comcast’s interest in Hulu as being worth $8.6 billion, implying a valuation of $25.8 billion. In an auction-style sale of Hulu in its entirety, Roberts suggested, Hulu may fetch more than that.

Walt Disney’s CEO today further articulated an evolving strategy — over the next three or four years — of Disney+ becoming a platform for consumer engagement beyond the streaming service.

Todd Spangler NY Digital Editor Disney+ was first launched three years ago with the “pretty absurd” low price point of $6.99 per month, CEO Bob Chapek admitted. Now the company is gearing up to raise prices again on the flagship streamer — but Disney+ still offers a better price/value equation than competitors, he said. “I think we’re way underpriced relative to the value we provide,” Chapek said, noting that the core Disney+ service without ads will continue to be priced below several competitors. The CEO was speaking Wednesday at Goldman Sachs’ Communacopia + Technology Conference 2022. Amid rising inflation, Disney has announced price increases coming in the fourth quarter of 2022 for Disney+ and Hulu, as well as a December launch for the ad-supported Disney+ tier in the U.S. Disney+ Basic, the name of the plan with ads, will launch Dec. 8 in the U.S. for $7.99/month. That’s the price of the current ad-free version of Disney+, which at that time will bump up to $10.99/month, a 38% increase, and will be known as Disney+ Premium.

Disney CEO Bob Chapek is opening up about ESPN as activist investor Daniel Loeb had been pressuring the company to spin off the sports network.

reported Sunday.“We have a better understanding of ESPN’s potential as a standalone business and another vertical for Disney to reach a global audience to generate ad and subscriber revenues,” Loeb tweeted Sunday. “We look forward to seeing Mr.

Today at the D23 Expo, Josh D’Amaro, the handsome chairman of Disney Parks, Experiences and Products, led guests on a tour of the future of the Disney Parks. During the lengthy presentation, several new “Frozen” lands being built at the international parks were detailed, an announcement was made about a forthcoming Disney Cruise Line ship and potential expansions of Disney’s Animal Kingdom and the Magic Kingdom were fuzzily alluded to.

Today at the D23 Expo, Josh D’Amaro, the handsome chairman of Disney Parks, Experiences and Products, led guests on a tour of the future of the Disney Parks. During the lengthy presentation, several new “Frozen” lands being built at the international parks were detailed, an announcement was made about a forthcoming Disney Cruise Line ship and potential expansions of Disney’s Animal Kingdom and the Magic Kingdom were fuzzily alluded to.