Disney today named Hugh F. Johnston its new chief financial officer as of Dec. 4, replacing interim CFO December 4, 2023, Kevin Lansberry, who will return to his position as EVP and CFO of the company’s Experiences segment.
Disney today named Hugh F. Johnston its new chief financial officer as of Dec. 4, replacing interim CFO December 4, 2023, Kevin Lansberry, who will return to his position as EVP and CFO of the company’s Experiences segment.
ongoing strike to an end. The offer comes at the end of a renewed wave of negotiations between the two groups, which have been taking place over the past 12 days.
Gene Maddaus Senior Media Writer The studios told SAG-AFTRA on Saturday that they have made their “last, best and final” offer, as they seek an end to the 114-day actors strike. The offer includes an enhanced residual bonus for high-performing streaming shows. Under the proposal, actors who appear on the most-watched shows on each platform will see their standard streaming residual doubled.
Todd Spangler NY Digital Editor Apple has promoted Zach Kahn, who previously managed the tech giant’s podcast and audiobooks PR, to lead public relations for content on Vision Pro, the company’s forthcoming AR/VR headset. According to his LinkedIn bio, Kahn will head communications for apps, services and entertainment on Apple Vision Pro, which is slated to feature apps for Apple TV and Apple Music when it launches in early 2024. Apple unveiled the Vision Pro at the company’s Worldwide Developers Conference in June, to be priced at a whopping $3,500 apiece.
EXCLUSIVE: There’s real movement in talks between SAG-AFTRA and the studios for a new three-year contract,
Gene Maddaus Senior Media Writer SAG-AFTRA is set to meet again on Wednesday with the Alliance of Motion Picture and Television Producers after a “productive” day of talks on Tuesday. The sides continue to project “cautious optimism” about resolving the strike, which is now on Day 110. The studios have warned that they must get a deal this week in order to be able to produce partial seasons of scripted network TV series.
Elon Musk has praised South Park special Joining The Panderverse, which targets Disney for “pandering” to audiences with token diversity.In the episode, which premiered on Paramount+ on Friday (October 27), Cartman fears that he and his friends will be replaced by diverse women.“I had a dream I was replaced by a diverse woman,” Cartman cries in panic. “Only this time, it wasn’t me, they were taking all my favourite people and replacing them with diverse women who complain about the patriarchy.”After a portal to the multiverse opens up, Cartman is sent to a universe populated only by diverse women, while he’s replaced by a Black woman in the original South Park universe.
Gene Maddaus Senior Media Writer SAG-AFTRA leadership continued to bargain with the major studios on Sunday, but despite growing optimism around the industry, no deal has been reached yet. The union presented its latest proposal to the studios on Saturday. The two sides were said to be engaged in “productive” talks through the weekend.
EXCLUSIVE: SAG-AFTRA and AMPTP continued to communicate intermittently Sunday as they close in on possibly reaching a new deal that could end the 108-day strike.
EXCLUSIVE: Sunday will not be a day of rest for SAG-AFTRA leadership and the studios this weekend.
Gene Maddaus Senior Media Writer SAG-AFTRA is expected to hold bargaining sessions with the major studios over the weekend, as the two sides continue to work toward a deal to end the 106-day strike. The sessions may be held virtually, rather than in person. The two sides met on Friday for the third day this week at SAG-AFTRA headquarters.
EXCLUSIVE: SAG-AFTRA and the studios don’t have a deal, but they are planning on talking more.
SAG-AFTRA and the AMPTP are back at the table today for more talks to resolve the actors strike that has been going on for over 100 days.
Negotiations scheduled Wednesday between SAG-AFTRA and the studios didn’t happen after all — and everyone’s good with that.
Gene Maddaus Senior Media Writer The CEOs of four major entertainment companies offered SAG-AFTRA on Tuesday an improved bonus for the most-watched streaming shows, as well as higher increases in minimum rates. But the studios are still not offering a cut of total streaming revenue, which the actors union has made the centerpiece of its demands to end its 104-day strike. SAG-AFTRA is expected to deliver its response to the studios’ latest proposal today.
EXCLUSIVE: The first day of the latest round of renewed talks between the studios and SAG-AFTRA has ended, with proposed plans for the principals to meet again — possibly in the next day or so.
This is day 103 of SAG-AFTRA strike.
Gene Maddaus Senior Media Writer Four CEOs are set to return to SAG-AFTRA headquarters on Tuesday with a new offer that they hope will break the stalemate in the 102-day actors strike. Among them will be Disney’s Bob Iger, who called SAG-AFTRA’s top negotiator, Duncan Crabtree-Ireland, on Saturday to invite the actors back to the bargaining table. The CEOs — who also include David Zaslav of Warner Bros.
After over a week of silence, the actors union and the AMPTP are set to return to negotiations on Tuesday, Oct. 24.
EXCLUSIVE: Ted Sarandos may have insisted today that he and other studio CEOs want to end the over three-month long actors strike and “get everyone back to work,” but for SAG-AFTRA’s chief negotiator, the Netflix boss is full of nothing but hot air.
Brian Steinberg Senior TV Editor Robin Roberts, George Stephanopoulos and Michael Strahan will soon have to greet ABC’s morning viewers from a decidedly different locale. As part of a larger move by Walt Disney Co., all of the company’s New York properties are slated to move in 2025 to a building in downtown New York in a neighborhood known as Hudson Square. That will include some programs already ensconced in well known studios, such as “GMA” and “Live with Kelly and Mark.” The move won’t isn’t scheduled to take place for some time, but staffers are already coming to grips with how it might affect the program’s standing in TV’s non-stop morning-news wars.
ESPN saw revenue of $13.2 billion and operating income of close to $1.5 billion for the first nine months of fiscal 2023, Disney revealed ahead of earnings next month when it plans to break out Sports as its own business segment — part of a restructuring initiated by CEO Bob Iger.
Negotiations between the studios and the striking actors guild may have come to a sudden halt last week, but according to Netflix today everyone is still talking – even when they aren’t.
Elizabeth Wagmeister Chief Correspondent Dana Walden sent a staff-wide memo to all of Disney Entertainment on Friday, reflecting on the past week since Hamas struck Israel in a deadly and devastating war. “Tomorrow marks one week since the world changed forever with the worst attack on the Jewish people since the Holocaust,” Walden wrote in a memo, exclusively obtained by Variety.
“In the wake of the horrific terrorist attacks targeting Jews in Israel this past weekend, we must all do what we can to support the innocent people experiencing so much pain, violence, and uncertainty – particularly children,” declared Bob Iger tonight as the Walt Disney Company announced it is donating $2 million for humanitarian relief in Israel.
Elizabeth Wagmeister Chief Correspondent The Walt Disney Company is donating $2 million to organizations providing humanitarian relief to those affected by the Israel-Hamas war. “In the wake of the horrific terrorist attacks targeting Jews in Israel this past weekend, we must all do what we can to support the innocent people experiencing so much pain, violence, and uncertainty — particularly children,” said Bob Iger, CEO of The Walt Disney Company.
The latest round of talks between the studios and SAG-AFTRA on ending the 92-day strike have collapsed tonight and now he Fran Drescher-led guild are accusing the AMPTP of using “bully tactics” and “the same failed strategy they tried to inflict on the WGA.”
Cynthia Littleton Business Editor NBCUniversal content chief Donna Langley has vowed that the top executives involved in contract negotiations with SAG-AFTRA will devote the time it takes to reach a new deal. Langley, who is chairman of NBCUniversal Studio Group and chief content officer of NBCUniversal, declined to say much about the state of talks with the performers union during her address Wednesday evening at Bloomberg Media’s Screentime conference in Hollywood. But she did express that her executive counterparts in the negotiating room — Disney’s Bob Iger, Netflix’s Ted Sarandos and Warner Bros.
Disney is raising select prices at its theme parks as it prepares to embark on a long-term expansion of its parks and resorts portfolio.
There was no picketing Monday by SAG-AFTRA members due to the Indigenous Peoples Day holiday, but the leadership of the actors guild did return to the bargaining table with the studios and streamers.
Activist investor Nelson Peltz, who dropped a long battle with Disney early this year, has amassed a large stake in the media giant and is said to be seeking board seats.
William Earl Activist investor Nelson Peltz has amassed a $2.5 billion stake in Walt Disney Co. and is preparing to make a second run at pressuring the company to grant him with board seats, the Wall Street Journal reported Sunday. Peltz’s Trian Fund Management is responding to the steady slide in Disney shares, which are down about 16% for the year to date.
Jennifer Lee, Chief Creative Officer at Disney Animation, confirmed this afternoon that work has quietly begun on a third edition in the company’s Frozen film franchise during a keynote session at the London Film Festival (LFF).
SAG-AFTRA National Executive Director and Chief Negotiator, Duncan Crabtree-Ireland, is attending New York Comic Con on Oct. 14 for the panel “AI in Entertainment: The Performer’s Perspective”.
One down, and more to come.
Matt Donnelly Senior Film Writer Actors union SAG-AFTRA and the AMPTP concluded a full day of negotiations on Monday, the first time negotiators have been in a room together since the union declared a strike on July 14. While little details were shared about the talks, both sides plan to meet again this week. “SAG-AFTRA and the AMPTP met for a full day bargaining session and have concluded.
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