Disney CEO Bob Iger has confirmed the first of three rounds of layoffs is starting this week as the company looks to reduce its workforce by about 7,000 employees.
08.03.2023 - 20:05 / deadline.com
Paramount Global CEO Bob Bakish decided to, in his words, “cross the line” and address a recent bid the company received for Showtime.
In an appearance at the Morgan Stanley Technology, Media and Telecom Conference, the exec said the company doesn’t typically comment on M&A. But he acknowledged the unsolicited bid, which was in the range of $3 billion. “We’re always looking at ways to unlock value. We’re stewards of shareholder value. If we see something accretive … we’re going to look at it,” Bakish said.
After execs assessed the potential payday for the premium cable asset, Bakish said they determined that it wasn’t the best strategic option. “The reality is, it wasn’t that interesting to us because if you compare that price … to our internal business plan, the reality is, the internal plan is far more value-creating when you take the base earnings and the synergies and, by the way, how it affects the streaming path to profitability,” he said.
Several of the company’s assets are up for grabs, however, as Paramount looks to continue streamlining and financing its push into streaming. Publishing house Simon & Schuster, whose sale to Penguin Random House was blocked last year, will still be unloaded, Bakish confirmed. The company has also talked with multiple parties, including Tyler Perry and Byron Allen, about selling them a majority stake in BET.
Asked at the end of the session to recommend a particular piece of content for the audience to watch, Bakish initially demurred, reciting the old saw about not wanting to pick a favorite child. But then, in reviewing several top properties, he lingered on Mission: Impossible. The Tom Cruise action franchise has its seventh and eighth installments in the works. The
Disney CEO Bob Iger has confirmed the first of three rounds of layoffs is starting this week as the company looks to reduce its workforce by about 7,000 employees.
John Boyega is still in the early stages of his acting career, but he has clearly experienced quite a bit, thanks in no small part to his large role in the most recent “Star Wars” sequel trilogy. And he hasn’t been scared to open up about his negative experiences making those films, along with how they have affected his career moving forward.
Bob Bakish, chief executive of Paramount Global, saw total compensation in 2022 of $32 million, up from $20 million the year before.
Paramount Global is shuffling its board of directors, including the addition of Dawn Ostroff, who will serve as an independent non-executive director, the company announced Friday. The filing also noted that Bob Bakish would be making $31.5 million.Ostoroff’s seat is pending a stockholder vote that will take place at Paramount’s 2023 Annual Meeting of Stockholders later this year. Bakish, who serves as Paramount Global’s president will be receiving a pay boost to $31.5 million as a result of $16 million stock awards grant.
The Glory star Cha Joo-young has touched on her first-ever dance challenge with SEVENTEEN, and how member Seungkwan helped her go viral on TikTok.Back in February, Cha appeared on SEVENTEEN’s TikTok account, where she joined members Seungkwan, DK and Hoshi – also members of the sub-unit BSS – for a dance challenge to the BSS song ‘Fighting’.The clip, which has since gone viral with over 4.6million views and nearly 650,000 likes, notable opened with Seungkwan addressing Cha by Hye-jeong, the name of her character in Netflix‘s The Glory, before handing her a signed copy of BSS’ single album ‘Second Wind’.멋지(시)다…! 차주영 배우님
Hilarie Burton has recounted how her One Tree Hill costar Chad Michael Murray defended her against the show’s creator and showrunner Mark Schwahn during an alleged assault.
Hilarie Burton is opening up about allegedly being assaulted by One Tree Hill creator Mark Schwahn and how her co-star Chad Michael Murray stepped in after he saw it happen.
Sean “Diddy” Combs on Wednesday bolstered recently media reports that his is kicking the tires of BET Networks, which is in the early stages of being shopped by parent Paramount Global.
If there is one thing we’ve come to know about Bob Odenkirk, it is that there is no one out there who can play a sad man quite like he can. In AMC’s “Better Call Saul,” he brought us into the troubled psyche of Jimmy McGill and showed in painful detail how, despite the goodness deep inside him, he became the charismatic yet slimy lawyer Saul Goodman.
Sean “Diddy” Combs has just joined the potential purchase party of Black Entertainment Television (BET), with the mogul setting his sights on majority stake, TheWrap has confirmed.A source close to Combs says the Grammy award-winning musician and record label executive is “exploring the opportunity to purchase BET as a part of his strategy to build a Black-owned global media powerhouse,” Variety was the first to report. The source added that conversations around Diddy buying majority stake in the network has yet to happen. Diddy is the latest to take interest in the acquisitions of the network, following behind Tyler Perry, Byron Allen and Miami-based media company Group Black, which was founded by Richelieu Dennis, Bonin Bough, and its CEO Travis Montaque. Under the umbrella of BET Media Group lies brands BET, BET+, BET Studios and VH1, which was to the group from Paramount Media Networks in a restructuring rearrangement. This would be another lucrative entrepreneurial business move for Diddy, who founded media company Revolt in 2013.
BET, joining fellow media moguls Tyler Perry and Byron Allen as they vie to purchase a majority stake of BET Media Group amid reports that owner Paramount Global is exploring a sale of the asset, Variety has confirmed. Run by CEO Scott Mills, BET Media Group includes BET, BET+, VH1 (which was moved under the group in a restructuring at Paramount last November) and BET’s production arm, BET Studios. A source close to Combs tells Variety that the global music icon and record executive turned multi-industry entrepreneur is “exploring the opportunity to purchase BET as a part of his strategy to build a Black-owned global media powerhouse.”
Todd Spangler NY Digital Editor Sonia Coleman, a 15-year Disney veteran, is taking on a new role as head of human resources. The Mouse House named Coleman as senior executive vice president and chief human resources officer of the Walt Disney Co., effective April 8. She most recently has served as SVP of human resources for Disney Entertainment and ESPN. Coleman takes over the the top HR job at Disney from Paul Richardson, who is leaving the company after more than 15 years. As head of HR, Coleman will report directly to Bob Iger, who is serving as interim CEO for a two-year term. Coleman will oversee Disney’s HR strategy, global talent acquisition, leadership development, diversity and inclusion, organizational design and cultural development, employee education and development, compensation and benefits, HR operations and technology, and global security.
Zack Sharf Digital News Director Disney CEO Bob Iger is touting “newness” when it comes to the Marvel Cinematic Universe. The executive appeared at the Morgan Stanley Technology, Media and Telecom Conference and questioned whether or not Marvel needs to continue churning out multiple sequels for individual characters. His comments arrived amid critical and box office disappointment for the most recent MCU tentpole, “Ant-Man and the Wasp: Quantumania.” “Sequels typically worked well for us,” Iger said at the conference. “Do you need a third and a fourth, for instance? Or is it time to turn to other characters?” Not only is “Ant-Man and the Wasp: Quantumania” one of the worst-reviewed Marvel films in history (its 48% on Rotten Tomatoes nearly matches the record-low “Eternals” score of 47%), but the film dropped a massive 69% at the box office in its second weekend, marking the second-biggest drop in MCU history. “Quantumania” currently stands at $420 million worldwide and $189 million domestically. While these grosses are higher than the first two “Ant-Man” movies, they’re also underwhelming considering “Quantumania” kicks off Phase 5 of the MCU and introduces the new Thanos-sized villain of the franchise in Jonathan Majors’ Kang the Conquerer.
Bob Iger returned as CEO of Disney last November, and since his return, the company’s mantra has been “stick with what works.” Last month, Iger put that into practice when he announced sequels to the “Toy Story,” “Frozen,” and “Zootopia‘ franchises. But what isn’t working at Disney recently? THR reports that Iger doesn’t like how expensive making films and shows has gotten, with Deadline adding that franchises like “Star Wars” and Marvel may see some shifts because of that.
Returned Disney CEO Bob Iger acknowledged that fans had a right to be irked as theme park ticket prices crept higher under the previous regime, and said it wasn’t the best way to manage the brand.
Disney CEO Bob Iger says the company is still being “very careful” with developing Star Wars feature films in the wake of Solo‘s soft box office, while Marvel is also getting a rethink in terms of how many sequels characters get.
Disney CEO Bob Iger called succession top priority as he moves to turn the company around and, with the board, name a new chief executive before the end of his two-year contract.
With the fate of Hulu’s ownership soon to be determined, Disney CEO Bob Iger says it is “very tricky” to pin down its long-term value given that streaming overall is still in a “nascent” stage.
Lashan Browning and her Antoinette Media banner is going further into business with Paramount.
Mission: Impossible — Dead Reckoning,” the exec didn’t hold back in his hype for the two-part blockbuster, calling it “insane” and raving about the results from audience test screenings. “The audience lost their mind and it’s still too long. They’re gonna cut it.