Disney announced today that CEO Bob Iger will step down from the role and become executive chairman through 2021, effective immediately. Bob Chapek, who most recently served as chairman of Disney parks, experiences and products, will assume the role of CEO. Chapek will continue to report to Iger and be appointed to the board of […]
Disney has agreed to sell off 21st Century Fox’s 22 regional sports networks to secure Justice Department approval of its acquisition of major 21st Century Fox assets. The DOJ’s sign off on the $71.3 billion transaction on Wednesday gives Disney a big leg up over rival Comcast in the battle to acquire the major portion […]
Walt Disney Corporation is closing Junction Point Studios, the maker of the “Epic Mickey” video games, as the world’s largest media company works to boost results in its money-losing interactive division. A spokeswoman for Disney declined to say how many jobs were eliminated by shuttering the Austin, Texas-based studio. Disney Chairman and Chief Executive Officer […]
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