Disney to Begin Layoffs of 7,000 Staffers This Week: Bob Iger Cites Need for ‘Streamlined Approach to Our Business’

Prince Harry's belated announcement that he is coming to his father's Coronation next month was warmly welcomed in Los Angeles – not least because the Sussexes' currency depends on him still being seen as an active member of the Royal Family. 'Harry is going back for all the right reasons but there was a palpable sigh of relief among those of us involved in the business because Brand Sussex relies on Harry being seen with his family,' a Netflix source said.  'At the end of the day it is all about proximity to the King.

Isaac Perlmutter’s time at Disney had run its course and the former Marvel Entertainment chairman’s removal “was a necessary step in the direction of us creating a more efficient company,” CEO Bob Iger said. He said the decision was not due to Perlmutter’s support of activist investor Nelson Peltz.

Rep. Mike Gallagher (R-WI), the chairman of the House Select Committee on the Chinese Communist Party, led a delegation of lawmakers last week for meetings in Hollywood and Silicon Valley, with an eye toward gathering information on how the two California-centric industries interact with Beijing.

Walt Disney Co. CEO Bob Iger and other industry executives are meeting privately this week with members of Congress to discuss how to respond to China’s strong-arm tactics to stifle and censor filmmakers.Several members of the House Select Committee On the Chinese Communist Party attended two meetings with filmmaker groups Wednesday, and plan to meet Friday with Apple Inc.

Disney has a new streaming boss.

Fans of Disney and Dwayne "The Rock" Johnson have a big reason to celebrate this week. In Disney's annual shareholder meeting, led yesterday by CEO Bob Iger, Johnson was featured in a special pre-recorded message to announce the big news that the 2016 hit "Moana" is going to be revived in an upcoming live action remake.

EXCLUSIVE: Disney’s international teams are braced for layoffs and content cuts.

Disney CEO Bob Iger said the company has reached a new stage of its evolution in streaming and will consider “on occasion” licensing some titles to third parties.

For the first time, Bob Iger is speaking out and addressing the ongoing battle between the company and Florida Governor Ron DeSantis. He also answered a frankly bizarre question about the company’s so-called “woke agenda,” both with the kind of poise and composure that made him such a favorite of his employees as well as the shareholders, during the Disney Shareholders meeting.“Let me if you don’t mind let me address this issue which I haven’t really done much publicly. But I’d love the opportunity just to put it all in perspective.

A live-action reimagining of Disney Animation’s 2016 hit Moana is in early development at Disney, Dwayne Johnson revealed Monday. The announcement came in a pre-recorded message from Hawaii as part of Disney’s annual shareholder meeting led by CEO Bob Iger.

Bob Iger is back, debonaire, relaxed, articulate and talking up Disney IP via video in front of Walt Disney Word, where the company appears to have outmaneuvered Ron DeSantis for control. He also fianlly spoke his mind on the simmering feud, telling the company’s virtual annual shareholder meeting today that the governor’s apparent “retaliation” against Disney for exercising a right to free speech “is not only anti-business, but anti-Florida,” given the jobs, taxes, resources and revenue Disney provides the state.

Jennifer Maas TV Business Writer Returned CEO Bob Iger made a rare public comment about Florida Gov. Ron DeSantis’ moves to “punish” Disney for its position against Florida’s so-called “Don’t Say Gay” Bill last year during the company’s annual shareholders meeting Monday, calling the decision “not just anti-business, but anti-Florida.” “It seems like he’s decided to retaliate against us,” Iger said, referring to DeSantis’ power struggle with Disney in Florida, the home of Disney World, in an attempt “to punish a company for its exercise of a constitutional right.” “That seems really wrong to me,” he added. “We’re currently planning now to invest over $17 billion Disney World over the next 10 years,” Iger said, noting that Disney estimates this will lead to 13,000 new jobs within the company and “thousands of indirect jobs” in the state, thus bringing in more taxes for Floriday.

Members of the House Select Committee on the Chinese Communist Party plan to meet this week with Walt Disney Co. CEO Bob Iger and Apple CEO Tim Cook, as well as screenwriters and other studio executives.

Disney has let go SVP and Chief Compliance Officer Alicia Schwarz, Deadline has learned, amid a major retrenchment at the company.

A Disney spokesperson has confirmed to Deadline that Ike Perlmutter is out at the company. Note, Permutter oversaw the consumer products division of Marvel, and isn’t part of the Kevin Feige-led Marvel Studios.

looks to eliminate 7,000 jobs in multiple rounds of layoffs that kicked off this week, in what CEO Bob Iger calls part of a “strategic realignment.”Rob Grosser, a longtime third-party Marvel security consultant who is also considered to be Perlmutter’s fixer, is also out according to 2 insiders with knowledge of the situation.According to The Hollywood Reporter, Grosser had assisted in the investigation of media leaks at Marvel before, which included the incident in 2012 when the website Latino Review had revealed information about Marvel’s plans to release its first “Guardians of the Galaxy” film before it was officially announced. In an email that was posted on the same site, Grosser referred to Latino Review as a “fanboy” website.“My name is Rob Grosser and I am an independent security consultant working for Marvel.

Disney’s announcement earlier this year that another sequel to “Frozen” was in the works came as a surprise — not just to fans, but to the Oscar-winning songwriting team responsible for the franchise’s songs such as “Let It Go” and “Into the Unknown”.

co-hosted a D23-themed podcast, “D23 Inside Disney,” along with Oh My Disney’s Sheri Henry. News of the ouster came from six separate sources with knowledge of the situation.

Disney has eliminated a small business unit focused on exploring the metaverse, part of its initial efforts to reduce its workforce by about 7,000 employees.

Todd Spangler NY Digital Editor As part of a companywide cost-cutting effort, Disney has axed its cross-divisional Next Generation Storytelling & Consumer Experiences group, which encompassed the Mouse House’s metaverse ambitions. The elimination of Disney’s Next Generation Storytelling & Consumer Experiences group, led by company veteran Mike White, affects about 50 employees, Variety confirmed. The news was first reported by the Wall Street Journal. A Disney rep declined to comment. The shutdown of Disney’s metaverse group came Monday with the first wave of the company’s move to slash 7,000 jobs under interim CEO Bob Iger, which is part of its attempt to reduce $5.5 billion in costs. Following this week’s layoffs, there will be a larger second round of cuts next month, Iger told employees in a memo Monday. A final round of layoffs will hit “before the beginning of summer,” according to Iger.