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Bob Iger Backs CBS’ Arguments In Dispute With Time Warner Cable

By DAVID LIEBERMAN, Financial Editor | Tuesday August 6, 2013 @ 3:15pm PDT

Even though the Disney CEO says he doesn’t want to weigh into the contract dispute, he left analysts with little doubt about his sympathies. Bob Iger told them in his quarterly earnings call that he feels “strongly about the need for broadcasters to be paid adequately” by pay TV providers. Sure, station owners transmit their signals over the air for free. But “distributors repackage them and sell them”, and with the “compelling” combination of national and local programming — including news — “the stations should be paid accordingly”. The high-profile CBS-Time Warner Cable fight has left millions of cable subscribers unable to watch programming from CBS and related networks including Showtime. “We never like to see battles like this,” Iger says, because it brings “attention to the business that isn’t necessarily helpful.” He doesn’t sense, though, that lawmakers or regulators are “close to jumping into the fray on this one”. Nor is Iger worried that Disney will be hurt if cable operators merge as a way to gain more leverage over programmers and their rising price demands. “This is the most robust era we’ve ever seen from a distribution perspective” with cable, satellite, phone companies and digital streamers led by Netflix. If cable companies combine, it “will have no impact on our business whatsoever…We have the kind of leverage necessary not only to obtain access but to obtain the pricing” he wants.

Related: Les Moonves Calls TWC’s A La Carte Proposal “Grandstanding”
Related: TWC COO Says “We Cannot Give Up” On Fight With CBS: Video

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Bloomberg: Disney Putting The Brakes On Executive Car Allowances, Other Perks

By THE DEADLINE TEAM | Thursday July 18, 2013 @ 4:07am PDT

On the sidelines of the Allen & Co. conference in Sun Valley last week, Walt Disney Company CFO Jay Rasulo said executive car allowances are going the way of the Edsel. “We’re phasing … Read More »

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Bloomberg: Disney World’s MyMagic+ Digital Wristbands Boost Guest Spending In 1st Trial

By THE DEADLINE TEAM | Friday July 12, 2013 @ 2:49am PDT

Disney‘s MyMagic+ wristbands sparked some controversy when the program was first promoted back in January, but testing at Florida’s Walt Disney World has shown positive results. At the Allen & Co conference … Read More »

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Disney Keeps Bob Iger As CEO Into 2016

By THE DEADLINE TEAM | Monday July 1, 2013 @ 1:06pm PDT

The Disney chief’s contract originally called for him to give up the CEO title on April 1, 2015 but remain chairman until the end of June 2016. Under the new amendment, he will keep both jobs until the end. As a result of the change, he’ll continue to receive in the last year of his agreement the salary and target incentive compensation he receives as CEO and chairman. (He made $40.2M in compensation last year.) “Now, Disney will continue to have the full benefit of Mr. Iger’s leadership as CEO and chairman for the duration of his tenure,” the board’s Independent Lead Director Orin Smith says. “The board remains focused on effective succession planning, and will continue to develop a sound and appropriate process for ensuring a smooth management transition.” Read More »

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When Hollywood Was Nice: Annette, Mother Dolores Honored This Week

By PETE HAMMOND | Sunday June 30, 2013 @ 3:02pm PDT
Pete Hammond

In a summer where internal studio battles are exploding, talent agencies are attacking each other, gun violence is rampant in real life and on screen, football teams are spawning accused murderers, teen idols are out of control, and people don’t talk — they just text — it’s nice to reflect on this Sunday before Independence Day that there once was what, at least in retrospect, seemed to be a kinder, more innocent Hollywood. At least that was the feeling I got this week at two events celebrating two uniquely inspiring past stars, both very much off the radar of the industry that eats its young today. They are worth noting.

Many people today who worship the likes of the Kardashians may not know who Dolores Hart is. Or was. But in the late 1950s and early ’60s she was a genuine film star who gave Elvis Presley his first screen kiss in Loving You (1957) and again in King Creole (1958); searched for men in Where The Boys Are (1960); and co-starred opposite the likes of Montgomery Clift, Karl Malden, Anthony Quinn, Myrna Loy and many others until she suddenly gave it all up after attending the New York premiere of her last film (1963′s Come Fly With Me). She told the studio’s limo driver to drop her off at the Abbey of Regina Laudis in Bethlehem, CT, and became a nun. That was exactly 50 years ago, and Mother Dolores, as she is now known, is still there and still doing great things with her life — even if it isn’t as the movie star she once was. Read More »

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Obama With Bob Iger, Jim Gianopulos, & JJ Abrams At Peter Chernin Fundraisers; Jokes About Hollywood Democrat “Donor Fatigue”

By DOMINIC PATTEN | Friday June 7, 2013 @ 1:48pm PDT

UPDATED 1:46 PM: Star attraction President Obama told some of the Hollywood’s biggest players and his biggest contributors that he understands if they’re feeling “donor fatigue” from all the Read More »

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Barbara Walters Retirement Official: Video

By THE DEADLINE TEAM | Monday May 13, 2013 @ 9:52am PDT

UPDATED: This is one our Nellie Andreeva told you was going to happen back in March. It became official this morning on The View, the show Barbara Walters co-created. “In the summer of 2014, a year from now, I plan to retire from appearing on television … Read More »

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UPDATE: Disney Confirms Layoffs At Studio Following Internal Review

By DOMINIC PATTEN | Wednesday April 10, 2013 @ 9:25am PDT

UPDATE, 9:25 AM: Disney has just released a statement confirming our scoop about job cuts at Walt Disney Studios, which are now underway.

As part of an ongoing review to ensure that the Studios’ operational structure and economics align with the demands of the current marketplace, we have made the difficult decision to reduce our staffing levels in several divisions of the Studio.

PREVIOUS, MONDAY AM: Disney shares are trading around their all-time high. But Wednesday looks like the day Disney will drop the ax for its expected layoffs. I have learned that about 150 people at Walt Disney Studios will receive pink slips. Sources say the cuts will come from across all of Disney Studios businesses, including the music and NYC-based theatre departments. At this point it looks like a one-time round of layoffs, but an overall reorganization affecting other divisions is planned for later this year and that could include more cuts. They’re coming as a result of an internal review ordered late last year by CEO Bob Iger and CFO Jay Rasulo to pinpoint superfluous positions and increase efficiency. But the company is already doing well with mega-blockbusters including The Avengers. Net profits for the fiscal year that ended in September increased 18% to $5.7 billion on revenues of $42.3 billion.

Related: Disney Fiscal Q1 Earnings & Revenues Beat Expectations Read More »

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Hollywood Power Players Hosting April Fundraiser For Newark Mayor’s Undeclared Senate Race

Cory Booker hasn’t officially said he’s running to become New Jersey’s next Senator but Hollywood is planning to shovel money into his campaign treasure chest. Anointing Booker as Hollywood’s new favorite politician, invites went out this week for a “Special Evening In LA” April 25 fundraiser for the Newark Mayor at the Beverly Hills home of producer Jerry Weintraub and girlfriend, producer Susan Ekins. The event has a marquee host list that cuts across party lines and into deep wallets. It costs $5,000 a ticket to attend the fundraiser with the money going to Cory Booker For Senate. The event is one of eight the telegenic Democrat has lined up in the next two months in anticipation of a 2014 run to replace departing fellow Democrat Frank Lautenberg in the heavily Blue state. The Beverly Hills fundraiser certainly shows that backing a potential winner cuts across party lines. Republicans like Bush family confidante Weintraub and Bruce Willis are listed on the invite but so are avowed Democrats like Jeffrey Katzenberg, who was one of the largest single contributors to Barack Obama’s reelection, Steven Spielberg and new Star Wars director J.J. Abrams and their wives Kate Capshaw and Katie McGrath.

Related: President Obama Thanks Katzenbergs For “Tireless” Support
Read More »

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Bob Iger: There’s “No Evidence” It’s A Problem When A CEO Is Also Chairman

By DAVID LIEBERMAN, Financial Editor | Tuesday March 12, 2013 @ 1:11pm PDT

The Disney CEO and chairman seems bemused by last week’s effort by shareholder rights advocates to split the company’s two top jobs when he steps down. “This is essentially a cause looking for a problem,” … Read More »

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Will Disney Shareholders Challenge Iger Tomorrow?

By DAVID LIEBERMAN, Financial Editor | Tuesday March 5, 2013 @ 1:57pm PST

The Walt Disney CompanyUnder more normal circumstances, the Orpheum Theater in Phoenix would briefly replace Disneyland tomorrow as Disney‘s “happiest place on earth.” The company’s stock is trading around an all time high as shareholders prepare to convene there for their annual meeting. But attendees instead are girding for a fight over resolutions that could shape the way Disney’s run, especially after Bob Iger steps down in June 2016. Many shareholders support a movement sweeping corporate America to democratize governance policies, giving the people who ostensibly own a company more flexibility to check the power of CEOs and directors. Disney infuriated them in 2011 by agreeing to make Iger chairman as well as CEO, which critics say puts him in charge of the team that’s supposed to judge his performance. And the company further enraged shareholder rights advocates recently when it gave Iger a 20.3% raise with a package for fiscal 2012 worth $40M — even though 43% of Disney shareholders opposed management in the federally mandated say-on-pay advisory vote at last year’s annual meeting.

That set the stage for tomorrow: California teachers’ fund CalPERS, and proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis, are among the groups asking shareholders to oppose Disney in the say-on-pay vote. They also support two shareholder resolutions that Disney opposes. One would enable some stock owners to nominate candidates for the board — an idea that’ll be raised at several companies this year. The second urges the board to amend the company’s governance guidelines to prevent a CEO after Iger from also serving as chairman, except under brief and unusual circumstances. Read More »

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Disney Shareholders Group To Vote Against Bob Iger And Pay Plan At Annual Meeting

By THE DEADLINE TEAM | Thursday February 14, 2013 @ 12:03pm PST

The California State Teachers’ Retirement System owns about 5.3 million shares of Disney stock worth $263M, which only represents 0.3% of the company’s shares. But the group reports ahead of Disney’s March 6 shareholders meeting in Arizona that … Read More »

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Disney To Release ‘Star Wars’ Spinoffs Based On Individual Characters

By DAVID LIEBERMAN, Financial Editor | Tuesday February 5, 2013 @ 1:53pm PST

CEO Bob Iger made the disclosure in an interview on CNBC. He says that Larry Kasdan and Simon Kinberg are working on them — Deadline revealed exclusively back in November that they were getting involved  — and they’re in addition to Disney‘s planned Star Wars VII, VIIIRead More »

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Bob Iger Calls MagicBand Criticism “Ludicrous”

By DOMINIC PATTEN | Monday January 28, 2013 @ 3:26pm PST

Bob Iger today told a Massachusetts congressman that his privacy issue concerns about new technology being introduced at Disney theme parks are bunk. “We are offended by the ludicrous and utterly ill-informed assertion in your letter dated January 24, 2013, that we would in any way haphazardly or recklessly introduce a program that manipulates children, or wantonly puts their safety at risk,” the Disney chairman and CEO wrote in a letter (read it in full below) Monday to Ed Markey.

The program to which Iger is referring is the company’s MyMagic+MagicBands digital venture set to launch this spring at Disney World. As Iger outlined last week during a Q&A with Brian Grazer, the initiative enables theme park visitors to upload their personal information into digitally enhanced wristbands so they can reserve time on rides and in restaurants as well as upload birthday information. From Disney’s point of view, the MagicBand tracks guest interaction and purchasing behavior while in the parks. Read More »

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Bob Iger Taking Closer Look At Violence In Disney Video Games

By THE DEADLINE TEAM | Wednesday January 23, 2013 @ 3:56pm PST

Jen Yamato is a Deadline contributor.

Disney‘s Bob Iger said he’s taking measures to monitor violence in his company’s video game interests following the Newtown school shooting and President Obama’s subsequent gun initiatives, which include a study of the impact of violent video games. The chairman and CEO said at a Q&A with Brian Grazer today during a HRTS Newsmakers Luncheon that he met yesterday within the company’s ranks “to take stock in everything we’ve got that can be considered near the line or over the line”. Iger refused to speak with press before and after the hour-long chat, which was moderated by longtime pal Grazer, although a rep tells Deadline any official plans to review the titles have not been solidified. “Fortunately at Disney there’s very little [violent content], but I still want to make sure we’re asking ourselves the right questions in terms of that standard,” Iger said, “and also [ensure] we’re willing to be a part of a dialogue in today’s world that I think is pretty necessary in terms of what our role is and what our role should be”.
Read More »

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Disney’s Bob Iger Collects $40.2M Compensation For 2012, A 20.3% Raise

By DAVID LIEBERMAN, Financial Editor | Friday January 18, 2013 @ 2:12pm PST

The company says in its proxy filed at the SEC this evening that in meetings with shareholders “there was broad agreement with the Compensation Committee’s assessment that Mr. Iger’s performance as chief executive officer has been excellent.” Disney shares appreciated 76% in the fiscal year that ended September 30, while the Standard & Poor’s 500 was up 30%. The company also says that in the previous three years Bob Iger‘s compensation was “near or below the median compensation awarded to his peers.” Directors responded by raising all components of Iger’s compensation compensation for the fiscal year that ended in September: It amounted to $2.5M in salary, $9.5M in stock awards, $7.8M in option awards, $16.5M in non-equity incentives, $3.1M change in pension value, and $800,700 for other compensation. The “other” category includes $574,331 for security and $190,439 for personal air travel. The company says it requires Iger to use the corporate jet for his personal travel “for security reasons.” It also notes that the present value of the pension rose in part because interest rates dropped and “does not result in any increase in the benefits payable to participants.” Still, Disney paid Iger like a rock star: He made 6.3 times the median pay for the four other executives named in the proxy. Corporate governance watchdogs say that CEO pay is out of whack when it exceeds three times the average for other top officers. The second-highest-paid exec, CFO Jay Rasulo, made $12.2M, a raise of 10.2%. Disney shareholders will have a chance to voice their opinions about the pay package, and elect directors, at the annual meeting to be held March 6 in Phoenix. Read More »

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Disney’s Bob Iger Nets $17.9M In Stock Sale

By THE DEADLINE TEAM | Friday November 16, 2012 @ 9:54pm PST

Walt Disney Chairman/CEO Bog Iger exercised options on 1 million shares of company stock and sold them for about $47.4 million, netting about $17.9 million, Bloomberg reports. Iger paid $29.51 to exercise each option and sold them for an … Read More »

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Disney’s Bob Iger Wants TV Ad Sales To Cover 7 Days Of Views

By DAVID LIEBERMAN, Financial Editor | Thursday November 8, 2012 @ 3:38pm PST

Disney CEO Bob Iger echoed CBS’ Les Moonves in advocating a change in TV ad sales to include all ad views in the seven days after a show airs — up from the current three. … Read More »

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Bob Iger & George Lucas On Disney-Lucasfilm: Video

By THE DEADLINE TEAM | Tuesday October 30, 2012 @ 2:45pm PDT

Disney chairman and CEO Bob Iger and George Lucas break down their new deal.

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