Media CEO Pay 2023: Guess Who Didn’t Get the Memo?

Now that the upfronts are over, it’s time to hand out much-deserved accolades to those who made this year’s presentations truly unforgettable.

In July of 2023, recently returned Disney CEO Bob Iger shocked the media industry by indicating he might be open to divesting the company’s declining  linear assets. By last fall, he’d changed his mind, declaring them not for sale. On interviews and earnings calls since, he’s explained why — most recently at the MoffettNathanson media conference, and in the midst of annual upfront presentations to advertisers.

Walt Disney will cut its investment in programming for traditional television networks “pretty dramatically” as the company navigates the consumer shift to streaming, Chief Executive Bob Iger said Wednesday.Iger said linear channels such as ABC still serve as an important marketing tool and reach older viewers who are not watching series such as “Abbott Elementary” on Disney’s streaming platforms.Still, the goal is to “reduce pretty dramatically our investment in content specifically aimed at those traditional networks,” Iger said at the MoffettNathanson’s 2024 Media, Internet and Communications Conference in New York.On Disney’s theme parks business, Iger said he expected continued growth but perhaps not at the same rate as in recent years.“We’ve had double-digit revenue growth in that business for quite some time, and that’s extraordinary,” he said.

Over the past several months, on more than one occasion, we’ve heard from Disney executives about how they’re going to be cutting back a bit on streaming and put the focus on streamlining releases. That is to say, all that talk about how Disney+ was going to be the golden goose of the company was a bit premature.

Todd Spangler NY Digital Editor Disney CEO Bob Iger said that as the traditional pay-TV universe continues to shrink, the company is cutting its investment in content for linear TV networks while also amortizing that expenditure across streaming platforms. The strategy is “to reduce pretty dramatically our investment in content specifically aimed in those traditional networks,” Iger said Wednesday at MoffettNathanson’s 2024 Media, Internet and Communications Conference in New York.

After a two-year absence from the upfront stage, Jimmy Kimmel was back Tuesday to take aim at Bob Iger, P Diddy, CBS and the new Golden Bachelorette.

Jennifer Maas TV Business Writer The theme of Disney‘s 2024 upfront presentation to advertisers Tuesday was “connections” — and not just because of the running bit started by “Deadpool” star Ryan Reynolds and “It’s Always Sunny in Philadelphia” star Rob McElhenney, which involved their constant replaying of a five-second ad spot that said “Connections!” with a Disneyified logo and voiceover. No, the symbol of unity across Disney’s brands was made up of a slew of announcements from Marvel, and about such other high-wattage projects as “Star Wars,” “The Bear,” “Only Murders in the Building,” the “Wizards of Waverly Place” sequel series, “9-1-1,” Ryan Murphy’s new slate of FX titles and more franchises with intersecting talent. Disney kicked off the event when Oscar-winning “Poor Things” star Emma Stone introduced the Mouse House’s big boss, Bob Iger — a job like that would traditionally go to a top ABC star.

Zack Sharf Digital News Director A 15-year-old “Lord of the Rings” fan film titled “The Hunt for Gollum” is back online and streaming on YouTube after it was temporarily blocked in the aftermath of Warner Bros. revealing its next “Rings” movie has the same title (via Entertainment Weekly). The fan film, which centers on Gandalf tasking Aragorn with hunting down Gollum before the latter can find Frodo and the One Ring, has earned 13 million views since its debut more than a decade ago.

With Paramount Global and its assets currently in play, Nexstar CEO Perry Sook was asked on a call today if the nation’s biggest broadcast might look at CBS stations.

Warner Bros. is set to release a new Lord Of The Rings film in 2026, featuring help from Peter Jackson.The news of the upcoming film arrived earlier today (May 9), during a conference call about Warner Bros.

Warner Bros. Discovery CEO David Zaslav has announced that the next “Lord of The Rings” movie is aiming for a theatrical release in 2026 and will have the creative involvement of filmmaker Peter Jackson, who co-wrote and directed all six Middle-Earth feature films based on the beloved high-fantasy novels of Professor J.R.R.

Jennifer Maas TV Business Writer Warner Bros. will release the first of its new batch of “The Lord of the Rings” films in 2026, which will focus on Andy Serkis’s Gollum. Original “The Lord of the Rings” trilogy filmmaker Peter Jackson and his partners Fran Walsh and Philippa Boyens are producing the movie and “will be involved every step of the way” on the movie, Warner Bros.

UPDATED with name of film, details: The first of two new films — working title Lord of the Rings: The Hunt for Gollum — will be directed by and star Andy Serkis (Venom: Let There Be Carnage, Mowgli: Legend of the Jungle), with Fran Walsh and Philippa Boyens set to write the screenplay, along with Phoebe Gittins and Arty Papageorgiou (Lord of the Rings: The War of the Rohirrim). The film will be executive produced by Ken Kamins, with Serkis and The Imaginarium’s Jonathan Cavendish.

The Anaheim City Council gave final approval today to DisneylandForward, the $1.9 billion, Disney’s multi-decade expansion plan for Walt’s original park. Today’s 7-0 procedural vote came after a unanimous vote approving the project in April. The zoning and other changes laid out by the plan to take effect in 30 days.

during a quarterly earnings call on Tuesday. “The team is one that I have tremendous confidence in,” he began.

Marvel Cinematic Universe in the future, according to the CEO of Disney.Bob Iger was speaking to Wall Street analysts when he confirmed that he plans to release no more than three new Marvel films per year, as well as only two television series in the MCU.The studio head said that the plan is part of an overall strategy at Disney to focus on quality rather than quantity, with that applying particularly to their Marvel properties.“We’re slowly going to decrease volume and go to probably about two TV series a year instead of what had become four and reduce our film output from maybe four a year to two, or a maximum of three,” he said. “And we’re working hard on what that path is.”He continued that the MCU will have “a couple of good films in ’25 and then we’re heading to more Avengers, which we’re extremely excited about.”“Overall, I feel great about the slate.

Zack Sharf Digital News Director Marvel Studios co-president Louis D’Esposito admitted to Empire magazine that “it’s been a rough time” for the Marvel Cinematic Universe following a rocky 2023 that included box office flops “Ant-Man and the Wasp: Quantumania” and “The Marvels.” The latter title is the lowest-grossing MCU movie of all time with just $206 million worldwide. Marvel didn’t fare better on television, where series such as “Secret Invasion” were widely panned by critics. Despite these setbacks, D’Esposito is committed to seeing the glass half full.

It’s not really news to say that Disney CEO Bob Iger is going to be a bit more hands-on with Marvel Studios in the future. The executive has made several comments in the past about reducing the number of projects the studio releases, as well as making sure the films and TV series that are released are of the best quality.

Brian Steinberg Senior TV Editor Disney doesn’t think it’s going to foul in its drive to score a new pact with the NBA. Speaking to investors Tuesday, Disney CEO Bob Iger said the company was “optimistic or confident” that Disney would renew its agreement with the basketball league that would keep a sizable package of its games on ESPN and other Disney properties. Disney has also served as home to the NBA Finals, which typically air on the ABC broadcast network.

Warner Bros. Discovery chief David Zaslav largely evaded questions about NBA talks and Paramount Global‘s potential as a WBD merger partner, but he did weigh in on the hot topic of executive pay.