Latest in Corporate Affairs
Disney Streaming Strategy: CEO Bob Iger Tells Shareholders Marvel, Star Wars, Disney And Pixar Titles Will Stay Exclusive, But Others Could “On Occasion” Be Licensed To Third Parties
Disney CEO Bob Iger said the company has reached a new stage of its evolution in streaming and will consider “on occasion” licensing some titles to third parties.
Responding to a question from a shareholder during the company’s annual meeting, conducted virtually this year, Iger acknowledged there…
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Warner Bros. Announces 100 Years Worth Of Fun In Products, Content & Experiences
Harry, Albert, Jack and Sam would be proud.
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Warner Bros. Top-Secret Archives: Treasure Trove Of Film Memorbillia From ‘The Matrix’, ‘Batman’ & ‘My Fair Lady’
As part of its massive centennial campaign dubbed “Celebrating Every Story,” Warner Bros. Discovery…
WWE Confirms Merger With UFC Parent Endeavor
WWE and UFC parent company Endeavor made things official in an SEC filing Monday morning, confirming their merger into a combat sports colossus controlled by Endeavor Group Holdings.
Word surfaced Sunday about the combination, capping a months-long effort by WWE to explore a deal. The wrestling…
Endeavor Closing In On Deal For Majority Stake In WWE, Will Combine It With UFC To Form Combat Sports Giant – The Dish
The WWE, which has been exploring a potential sale over the past few months, is in the process of being acquired by UFC parent Endeavor Group Holdings.
Word circulated Sunday that a deal for a majority stake was imminent, and Deadline sources confirmed as much. But the publicly traded deal partners…
Merger Morass: NAB Rips FCC For Trying To Send $8.6B Tegna-Standard General Deal To “Regulatory Purgatory”
The National Association of Broadcasters is trying to stimulate forward momentum in the stalled review of private equity firm Standard General’s takeover of major TV station group Tegna.
The $8.6 billion deal requires only the approval of the Federal Communications Commission in order to close. It…
Little-Noticed February Vote By Walt Disney World’s Reedy Creek Board “Completely Circumvents” Authority Of New DeSantis-Chosen Overseers
“We’re going to have to deal with it and correct it,” Central Florida Tourism Oversight District Board of Supervisors member Brian Aungst Jr. said today of a vote taken by the then Disney-controlled Reedy Creek Improvement District in February. “It's a subversion of the will of the voters and the…
Marvel Entertainment Chairman Ike Perlmutter Cut From Company
A Disney spokesperson has confirmed to Deadline that Ike Perlmutter is out at the company. Note, Permutter oversaw the consumer products division of Marvel and isn’t part of the Kevin Feige-led Marvel Studios.
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Disney’s Chief Compliance Officer Out Amid…
Disney Unplugs Metaverse Unit During Initial Round Of Layoffs
Disney has eliminated a small business unit focused on exploring the metaverse, part of its initial efforts to reduce its workforce by about 7,000 employees.
About 50 workers were part of the group dedicated to “next-generation storytelling and consumer experiences.” The elimination of the unit…
ProSiebenSat.1 Assesses Acquisitions As It Outlines Renewed Entertainment Focus
German media group ProSiebenSat.1 is to double down on entertainment investments and is eyeing acquisitions, as it puts streaming service Joyn at the center of its business.
A statement released this morning outlined ProSieben’s strategic focus going forwards to address “tech challenges of the market…
Disney General Entertainment Layoffs Include Mark Levenstein, Jayne Bieber & Elizabeth Newman As TV Production Gets Consolidated, IP Acquisitions Dissolved
UPDATED: Details are starting to emerge about the first wave of Disney layoffs. It involves a consolidation of production operations across Disney TV Studios, Hulu, Freeform and FX under Carol Turner and the shutdown of the studio operation’s Creative Acquisitions department…
Disney CEO Bob Iger Confirms Start Of Layoffs, With Three Rounds Of Cuts Expected Before Summer
Disney CEO Bob Iger has confirmed the first of three rounds of layoffs is starting this week as the company looks to reduce its workforce by about 7,000 employees.
The exec’s memo to employees (read it below) tracks closely with what Deadline exclusively reported last week — three rounds of cutbacks…
Twitter Is Now Worth $20B, Less Than Half Its Purchase Price, Elon Musk Claims
How do you make a small fortune? The old joke suggests you start with a large one. But Elon Musk isn’t laughing at that punch line, as Twitter has drastically shrunk in its valuation, at least in his eyes.
The New York Times reports that Musk claims Twitter is now worth $20 billion, a figure way…