Over the weekend Walt Disney Company CEO and Chair Bob Iger discussed the giant box office of “Star Wars: The Force Awakens,” the status of EPSN, and more in a 30 minute interview with Bloomberg’s David Westin and Stephanie Ruhle on “Bloomberg ‹GO›.” Some analysts… Read More »Disney CEO Bob Iger on Star Wars, ESPN, and China
The Chair and CEO of the Walt Disney Company’s 2015 compensation package was revealed in an SEC filing yesterday. He collected $44.9 million, which is actually down 3.4% from 2014. According to the document, Iger’s base salary is $2.5 million with the rest coming in… Read More »Disney CEO Bob Iger made a mere $44.9 million in 2015
According to a report in the Wall Street Journal, The Walt Disney Company is looking to back out of its investment in Fusion – the millennial targeted ‘news’ network it created with Univision. Launched in 2013, the channel has never really hit its mark. Originally,… Read More »Disney looks to exit Millennial Cable News Channel Fusion
While the Walt Disney Company has yet to announce an official successor for current CEO Bob Iger, the path just became much clearer for COO Tom Staggs. His closest rival was CFO Jay Rasulo, however he just announced he’ll step down at the end of… Read More »Disney CFO Jay Rasulo to Step Down
Time is once again hosting the list of the 100 most influential people on their website. For a twist, each honoree is introduced by one of their peers. Disney CEO Bob Iger makes the list and introduced by fellow media mogul Rupert Murdoch. It’s a… Read More »Disney CEO Bob Iger on list of Times 100 Most Influential People
DraftKings, a sports fantasy website that provides fans a chance to win money with their fantasy teams, has just received a $250 million investment from the Walt Disney Company. In return, DraftKings has reportedly agreed to drop $500 million in advertising on ESPN, which is… Read More »Sports Fantasy website DraftKings gets $250 Million investment from Disney
This just in. Thomas Staggs has been named the new Chief Operating Officer of The Walt Disney Company. This makes him the front runner for replacing Bob Iger. More later, the full press release is below: Thomas O. Staggs has been named Chief Operating Officer… Read More »Breaking: Thomas Staggs named COO of The Walt Disney Company
Looks like I will get to take that Disneyland Paris vacation after all. No one seriously expected the Walt Disney Company (or France for that matter) to let the park close. With around 15,000 employees and 15 million yearly visitors, it’s a huge boost to the French economy. In addition to a black-eye for Disney, a closure would spell bad things for an economy, which is, admittedly, at the beginning of a delicate recovery. That just wasn’t going to happen.
The park debt, much of it the result of building too many hotels when the park opened, has been an albatross around the resorts neck since its beginning. Multiple refinancings and capital investment have floated the park through restructurings that the company hoped would finally put it in the black.
Early this morning, Euro Disney SAS, the parent company of Disneyland Paris, sent out a letter to its shareholders announcing yet another debt restructuring and capital investment. They also released this oddly optimistic explanation from Mark Stead, SVP and CFO of Euro Disney:
Yes, that’s a $1.25 billion recapitalization of the company (think of it as a mini-bankruptcy, we’re increasing the number of shares, which makes your shares worth less, but less is better than none, which would result in a full bankruptcy).
The details were outlined in a letter sent to Shareholders from the recently appointed President of Euro Disney SAS Tom Wolber: