Latest Bob Iger News

Disney to invest $1.5 billion in 'Fortnite' maker Epic Games to create games, entertainment

Feb. 07, 2024 20:27 PM EST

BURBANK, Calif. (AP) — The Walt Disney Co. said Wednesday it is paying $1.5 billion for a stake in “Fortnite” maker Epic Games, working with the game developer to create a “games and entertainment universe” that will feature games, shows and characters from Disney, Pixar, Marvel, Star...

Disney posts solid Q1 results thanks to its theme parks and cost cuts

Feb. 07, 2024 18:06 PM EST

SAN FRANCISCO (AP) — The Walt Disney Co. on Wednesday posted stronger-than-expected earnings for the final three months of 2023, boosted by cost cuts and growing revenue from its theme parks business. CEO Bob Iger said the company is on track to make its streaming services...

Taylor Swift's 'The Eras Tour' is heading to Disney+ with 5 new songs added

Feb. 07, 2024 17:27 PM EST

NEW YORK (AP) — Taylor Swift's blockbuster concert film “The Eras Tour” will make its streaming debut on Disney+, the Walt Disney Co. announced Wednesday. The film, now titled “Taylor Swift: The Eras Tour (Taylor's Version)" will land on the streaming platform March 15. Five...

‘Moana 2’ is coming to theaters for a Thanksgiving release

Feb. 07, 2024 17:19 PM EST

Moana and Maui are sailing back to the big screen, very quickly. “Moana 2” is coming to theaters in November, Walt Disney Company CEO Bob Iger said Wednesday. Originally planned as a television series, the movie finds Moana journeying on a dangerous mission to the far seas of...

Nelson Peltz seeks a seat on Disney's board, and some changes

Jan. 18, 2024 14:14 PM EST

Nelson Peltz's Trian Fund Management is formally nominating the activist investor and a former Disney executive for a seat on Disney's board, two days after the media and entertainment company nominated a slate of directors that did not include either. Peltz and Jay Rasulo, Disney's...

Disney inks agreement with ValueAct, secures its support for company's board nominees

Jan. 03, 2024 10:28 AM EST

Disney has a new ally in activist investor ValueAct Capital Management, garnering its support for the company's board nominees as it continues to wage a proxy battle with Nelson Peltz. The Walt Disney Co. said Wednesday that a confidentiality agreement with ValueAct will allow the...

Was 2023 a tipping point for movies? 'Barbie' success and Marvel struggles may signal a shift

Dec. 27, 2023 10:02 AM EST

NEW YORK (AP) — Eight years ago, Steven Spielberg predicted that the superhero movie would one day go “the way of the Western.” Spielberg’s comments caused a widespread stir at the time. “Avengers: The Age of Ultron” was then one of the year’s biggest movies. The...

Dick Nunis, who helped expand Disney's theme park ambitions around the globe, dies at age 91

Dec. 13, 2023 18:38 PM EST

ORLANDO, Fla. (AP) — Dick Nunis, who helped expand The Walt Disney Company's in-person entertainment ambitions from a single theme park in California to locations around the world during a four-decade career with the entertainment giant, has died. He was 91. Disney said in a...

Musk uses expletive to tell audience he doesn't care about advertisers that fled X over hate speech

Nov. 29, 2023 19:15 PM EST

NEW YORK (AP) — Billionaire Elon Musk said Wednesday that advertisers who have halted spending on his social media platform X in response to antisemitic and other hateful material are engaging in “blackmail” and, using a profanity, essentially told them to go away. “Don't...