mockumentary comedy “Underdeveloped,” premiering Sept. 8 on free streamer Tubi.He is also a member of both the Writers Guild of America and SAG-AFTRA, both of which remain on strike.
31.07.2023 - 18:47 / variety.com
Todd Spangler NY Digital Editor Tom Staggs and Kevin Mayer, two former high-ranking Disney execs, are working for the Mouse House again — in a consulting capacity. The duo, who are the co-CEOs of media-rollup play Candle Media, have been retained by Disney to help analyze and develop strategic options for ESPN, according to two sources familiar with the arrangement. Staggs, formerly Disney’s chief operating officer, and Mayer, previously chairman of Disney’s Direct-to-Consumer and International and briefly CEO of TikTok, will work with Jimmy Pitaro, chairman, ESPN and Sports Content, on developing a plan for what Disney will do with ESPN going forward.
Sources noted that Staggs and Mayer will retain their roles at Candle Media. The news comes on the heels of Disney CEO Bob Iger’s comments in a July 13 CNBC interview that the company was looking for a strategic partner for ESPN. Subsequently CNBC reported that Disney has had talks with the NFL, NBA and Major League Baseball about becoming minority investors in ESPN.
Reps for Disney and Candle Media declined to comment. Puck’s entertainment industry newsletter first reported Disney’s enlisting Staggs and Mayer as consultants. Staggs and Mayer formed Candle Media in 2021.
The company, which is backed by Blackstone’s private-equity arm, bills itself as a “next-generation media company” that is assembling various assets to content, commerce. In 2021, the company acquired Reese Witherspoon’s Hello Sunshine and kids’ content production powerhouse Moonbug Entertainment. Candle has since followed that up with several additional acquisitions, including ATTN: and Exile Content Studio.
mockumentary comedy “Underdeveloped,” premiering Sept. 8 on free streamer Tubi.He is also a member of both the Writers Guild of America and SAG-AFTRA, both of which remain on strike.
Gene Maddaus Senior Media Writer TSG Entertainment, which has invested more than $3 billion in 140 Fox films including “Avatar: The Way of Water” and “The Shape of Water,” accused Disney in a lawsuit on Tuesday of using Hollywood accounting tricks to cheat it out of hundreds of millions of dollars. The slate financier alleged that Disney had engaged in “self-dealing” by diverting Fox films from a lucrative HBO license to its own Disney+ and Hulu platforms. The lawsuit also alleges that Fox engaged in “sweetheart” deals when it licensed its films to the FX cable channel.
So it looks like there might be a big change to the planned Marvel/Disney+ release schedule in 2023.
Florida Governor Ron DeSantis urged The Walt Disney Co. to drop its lawsuit against him, while telling CNBC that he has “moved on” from his battle with company and that it should drop the lawsuit against him.
As the ongoing WGA strike hits 100 days, the entirety of Hollywood wonders how long both that and the SAG-AFTRA strike will last. In the case of WGA, this strike is no officially longer than the 2007-2008 strike, but has a ways to go before it hits the 1988 writers’ strike 153 days, the longest in the union’s history. Disney CEO Bob Iger hopes neither strike lasts that long, though.
Disney CEO Bob Iger shook up the entertainment industry and Wall Street last month when he declared to CNBC at Sun Valley that linear television may be non-core and that he’s looking for partners for ESPN as the company pivots to streaming.
Hulu will increase its ad-free subscription from $14.99 to $17.99 per month.Disney+ will also see a jump from $10.99 to $13.99 for its monthly ad-free plan.And before you and your close circle decide to chip in for a shared account, you should know that Disney CEO Bob Iger also announced Wednesday that the company is “actively exploring ways to address account sharing and the best options for paying subscribers to share their accounts with friends and families.”In other words: a crackdown on password sharing, perhaps similar to what Netflix introduced in May, is coming to Hulu. What’s more, the company introduced a new ad-free Disney+ and Hulu bundle — without ESPN+ — called “Duo Premium,” available Sept.
Disney is following through on stated plan to raise streaming prices (welcome news to investors if not to many consumers), as well as launching a bundled version of Disney+ and Hulu and expanding the ad-supported version of Disney+ to Europe and Canada.
Kevin Costner's divorce with ex Christine Baumgartner is only one of the many splits to send shock waves from Hollywood this summer. From Sofia Vergara and Joe Manganiello to Reese Witherspoon and Jim Toth, and "The Bear" star Jeremy Allen White and Addison Timlin, celebrity divorce lawyers shared insight as to what could potentially be fueling the fires behind this season's relationship splits.
All DEI (diversity, equity and inclusion) programs at the Central Florida Tourism Oversight District that includes Walt Disney World have been abolished, District Administrator Glenton Gilzean announced today. The board of the area of Orlando formerly called the Reedy Creek Improvement District said the move will end “hiring and contracting programs that discriminated against Americans based on gender and race, costing taxpayers millions of dollars.”
S&P today affirmed its A- investment grade credit rating for Disney after CEO Bob Iger, in a recent interview with CNBC, injected a big dose of uncertainty into what the company may look like going forward.
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.
use of AI being a major point of contention in negotiations — major entertainment companies appear to be hiring for jobs in the artificial intelligence field. The Hollywood Reporter searched through job listings and found a number of open positions related to AI.
Gisele Bündchen is “totally unbothered” after Tom Brady‘s flirty outing with new flame Irina Shayk, a source exclusively tells Us Weekly.
Jennifer Maas TV Business Writer Here’s an example of just how chaotic things are in Hollywood these days: Disney CEO Bob Iger’s recent remarks that the company’s linear TV assets “may not be core” to its business were buried under the lede of his comments that SAG-AFTRA and the WGA are not being “realistic” in their contract negotiations last week. But now that a small bit of the initial dual strike dust has settled, sources inside and outside of Disney are asking what reaction Iger was looking to provoke by announcing Disney’s intention to “open-minded and objective about the future of those businesses,” which include broadcast network ABC as well as cablers FX, Disney Channel, Nat Geo and Freeform, among others. (Not ESPN, which is run by Jimmy Pitaro under a separate segment of Disney’s business from its other TV and streaming assets.)
Marvel Studios’ Secret Invasion is coming to Hulu. Ahead of the series’ season finale on Disney+, the first three episodes, “Resurrection,” “Promises” and “Betrayed” will begin streaming tomorrow July 21 through Thursday, August 17 on Hulu.
Marc Malkin Senior Film Awards, Events & Lifestyle Editor Disney didn’t let the SAG-AFTRA strike get in the way of its “Haunted Mansion” world premiere. None of the stars of the movie were expected to be in attendance, including LaKeith Stanfield, Tiffany Haddish, Danny DeVito, Rosario Dawson, Chase W. Dillon, Daniel Levy, Jamie Lee Curtis, Hasan Minhaj, Marilu Henner and Lindsay Lamb all observing the SAG-AFTRA strike. The studio still rolled out the red carpet at Disneyland in Anaheim Saturday night. Director Justin Simien told Variety he was “sad” his cast couldn’t attend, but understands why and supports the actors walkout. Later in, he gave a shoutout to the cast while introducing the movie.
Disney CEO Bob Iger recently sat down with CNBC for an interview during which he shared his views on the SAG-AFTRA strike.
Fran Drescher is opening up about the SAG-AFTRA strike and how long it might go on.
Disney CEO Bob Iger has said the company will be pulling back on creating new Star Wars and Marvel content.The announcement comes on the back of the company’s attempts to cut costs, having seen a number of their recent films, from Marvel to animation, underwhelm at the box office.“You pull back not just to focus, but also as part of our cost containment initiative. Spending less on what we make, and making less,” Iger told CNBC on Thursday (July 13).Iger said that many of the decisions were made to prop up the company’s flagship streaming service, Disney+, and attract more customers.The Disney CEO went on to note that an influx of new Marvel content, both on the big and small screens, had “diluted focus and attention”.“It had not been in the television business at any significant level, and not only did they increase their movie output, but they ended up making a number of TV series,” said Iger.