Disney CEO Bob Iger is taking a unique approach to solving the challenges faced by ESPN. He has enlisted the help of former executives Kevin Mayer and Tom Staggs, who now co-lead Candle Media, a consulting firm. Known for their close relationship with Iger, Mayer and Staggs are working alongside ESPN President Jimmy Pitaro to …
Picketers march outside the Walt Disney Studios in Burbank, CA on Tuesday, June 6, 2023, as the Writers Guild of America strike enters its sixth week. Image: Myung J. Chun | Los Angeles Times | Getty Images With the Hollywood writers strike approaching its 100th day and facing mounting pressure from striking actors, producers have …
An employee adds letters for upcoming film releases “Oppenheimer” and “Barbie” to a marquee at the Colonial Theater in Phoenixville, Pennsylvania, July 16, 2023. Hannah Beier | The Washington Post | Getty Images Hollywood witnessed a groundbreaking weekend at the box office, unlike anything seen in years. The success wasn’t driven by the usual superheroes …
Kansas City Chiefs tight end Travis Kelce (87) runs the ball in for a touchdown against the Tampa Bay Buccaneers during the first quarter at Raymond James Stadium, Oct. 2, 2022. Kim Klement | USA Today Sports | Reuters NBCUniversal’s sports portfolio has been driving growth at its streaming service Peacock, and the company remains …
LeBron James of the Los Angeles Lakers faced off against the LA Clippers at ESPN Wide World Of Sports Complex on July 30, 2020, in Lake Buena Vista, Florida. The game caught the attention of Disney, which is considering a strategic partnership for its subsidiary, ESPN. CEO Bob Iger and ESPN head Jimmy Pitaro have …
LOS ANGELES, CALIFORNIA – JUNE 12: CEO of Netflix Ted Sarandos attends Netflix’s FYSEE event for “Squid Game” at Raleigh Studios Hollywood on June 12, 2022 in Los Angeles, California. (Photo by Charley Gallay/Getty Images for Netflix) Charley Gallay | Getty Images Entertainment | Getty Images The most important takeaway from Netflix’s second quarter earnings …
The Ford F-150 Lightning Electric Truck. John Tlumacki | Boston Globe | Getty Images Discover the companies making significant moves in the market. Ford — The automaker’s shares decreased by 5.1% after announcing price reductions of up to $10,000 on its electric F-150 Lightning trucks. Ford aims to ramp up production this fall and will …
An Activision Blizzard’s Call of Duty: Modern Warfare video game is inserted into Microsoft’s Xbox One video game console. Michael Ciaglo | Bloomberg | Getty Images Discover the companies experiencing significant momentum before the opening bell. Activision Blizzard — Following Microsoft’s acquisition of Activision Blizzard, the video game maker surged by 4% after signing a …
Striking members of the Writers Guild of America (WGA) have gathered outside Netflix offices in Los Angeles as the industry faces numerous challenges. Traditional TV is on the decline, ad revenue is weak, and streaming services are not generating profits. The work stoppage by actors and writers unions is expected to be prolonged and contentious. …
According to Barry Diller, chairman and CEO of IAC/InterActiveCorp, the ongoing strikes by the writers’ and screen actors guilds in Hollywood may have devastating effects if left unresolved. In an interview on CBS’ “Face the Nation,” Diller emphasized the urgent need for a settlement to prevent potential collapse in the industry. Diller, a former CEO …