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Elon Musk goes off on Disney CEO Bob Iger, says he should be 'fired immediately'
Business Insider
·
1y ago
Medial
Elon Musk continues his feud with Disney CEO Bob Iger, stating that Iger should be fired immediately and that Walt Disney would be appalled by what Iger has done to the company. Musk's comments came in response to news that New Mexico's attorney general had filed a lawsuit against Meta and its CEO Mark Zuckerberg, alleging that their social networks were not doing enough to protect children from exploitation. Musk also accused Disney of advertising on Meta, despite pulling their ads from his platform. This is just the latest in a string of attacks by Musk on advertisers who have left his platform.
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Elon Musk took a jab at Disney's Bob Iger with an apparent recycled April Fools' joke
Business Insider
·
1y ago
Medial
Elon Musk jokingly announced on Twitter that he would be joining Disney as their Chief DEI (Diversity, Equity, and Inclusion) Officer, adding that he would work with Disney CEO Bob Iger and Kathleen Kennedy to make their content "more woke." However, it was later discovered that Musk's post was a recycled version of a joke made earlier by podcaster Konstantin Kisin. This comes after a previous feud between Musk and Iger when Disney pulled advertisements from Musk's platform, leading to public criticism from Musk towards Iger.
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Disney to start cracking down on password-sharing from June, CEO Iger says
Reuters
·
1y ago
Medial
Walt Disney's streaming service is set to crack down on password-sharing starting from June, according to CEO Bob Iger. The move aims to boost subscriber growth and profitability. Iger also mentioned the need for consolidation in the streaming industry and projected double-digit margins for Disney's streaming business. This news follows a successful vote of confidence from Disney investors against activist investors, including Nelson Peltz. Iger dismissed criticism from Elon Musk, who supported the activist investors, stating that he ignores it.
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Disney to start cracking down on password-sharing from June, CEO Bob Iger says
Economic Times
·
1y ago
Medial
Disney CEO Bob Iger announced that the company's streaming service will crack down on password-sharing starting in June, in an effort to boost subscriber growth and profitability. In addition, Iger expressed the need for consolidation in the streaming industry and revealed Disney's goal of achieving double-digit margins in streaming. These statements were made in an interview with CNBC, following a successful proxy vote where Disney investors supported Iger and the board of directors, despite criticisms from activist investors such as Nelson Peltz. Iger also dismissed criticism from Elon Musk, who had backed Peltz in the proxy battle.
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Disney Family Rebukes Nelson Peltz, Praises Bob Iger in Shareholder Letters
Livemint
·
1y ago
Medial
The descendants of Walt Disney and his late brother, Roy O. Disney, wrote letters in support of Disney and its CEO Bob Iger, in response to activist investor Nelson Peltz's attempts to gain seats on the company's board. The letters, signed by Roy P. Disney, Susan Disney Lord, Abigail E. Disney, and Tim Disney, criticized Peltz and other activists as potential threats to the company's success. The Disney family's support of Iger is seen as significant given their historical influence in the company. The letters may sway shareholder votes as the annual meeting approaches.
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Bob Iger Admits Disney Has Strategically 'Killed a Few Projects'
Gizmodo
·
1y ago
Medial
Disney CEO Bob Iger has revealed that the company has canceled several projects that it did not feel were strong enough. While Iger did not name any specific titles, he mentioned that tough decisions had been made to discontinue certain projects in order to maintain a focus on excellence and respect in their creative environment. He also addressed the issue of "superhero fatigue," stating that it is not a result of audience fatigue but rather the need for great films. Disney's upcoming releases include the Deadpool & Wolverine movie and sequels to Inside Out and Moana.
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Elon Musk's cousin was once found 'basically sobbing' in Twitter HQ over fears he'd be fired, author says
Business Insider
·
1y ago
Medial
Elon Musk's cousin, James Musk, was allegedly found in tears at Twitter's headquarters, fearing that he would be fired, according to author Ben Mezrich's new book "Breaking Twitter". Mezrich reveals that a former Twitter executive stumbled upon James Musk in a soundproof phone booth, describing him as overwhelmed and terrified of his own cousin. James Musk was brought into Twitter after Elon Musk acquired the company, and he was known for assisting Elon Musk with various tasks. Representatives for James Musk and Elon Musk have not commented on the matter.
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Bob Iger reveals when Disney's password-sharing crackdown will go into full effect
Business Insider
·
1y ago
Medial
Disney's CEO Bob Iger has set a date for cracking down on password-sharing on Disney+. In an interview with CNBC, Iger stated that the new rules will be implemented in a few countries in June, followed by a full rollout in September. The company aims to cut down on streaming losses, which were estimated at $4 billion per year. Disney plans to increase engagement, reduce marketing costs, and improve profitability in its streaming business. While echoing some of Netflix's strategies, Iger emphasized that reaching the same level of success is premature to determine.
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Bob Iger has one really, really important thing left to do
Business Insider
·
1y ago
Medial
After winning a proxy battle against Nelson Peltz and Trian Partners fund, Disney CEO Bob Iger is focused on continuing to improve the company. He has already taken various steps to address investors' concerns, including cost-cutting measures, turning streaming into a profitable venture, and exploring new growth opportunities. Wall Street has responded positively to these efforts, with Disney stock rising 35% this year. However, the ongoing challenge is finding a suitable replacement for Iger when he steps down in 2026. While internal candidates are being considered, it remains uncertain when an announcement will be made. Ultimately, the success of Iger's turnaround efforts and the investor's patience will only be known in the future.
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Disney's investment in Epic Games signals the company has to 'be there'
Reuters
·
1y ago
Medial
Disney CEO Bob Iger announced a $1.5 billion investment in Epic Games, the company behind popular video game Fortnite. This move aims to allow consumers to interact with Disney's characters and stories within the game. Iger recognized the significant amount of time young generations spend on gaming, and Disney wants to be present in a compelling way. The CEO of Epic Games, Tim Sweeney, has always envisioned incorporating Disney's characters into Fortnite. This investment is seen as a strategic move for Disney to extend its brand awareness and engage consumers.
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A former Twitter engineer says Elon Musk wrongly fired him for leaking information to the press
Business Insider
·
1y ago
Medial
A former engineer at Twitter, Randall Lin, claims that he was wrongfully fired by Elon Musk for allegedly leaking information to the press. Lin denies any involvement in leaking and says someone lied about him. He had joined Twitter in 2020 and impressed Musk with his dedication. However, as other critical engineers were fired, leaks started to emerge. Lin was accused by the corporate security team and fired the next day. He reached out to the journalist who wrote the articles, Zoe Schiffer, but she had not spoken to him. Lin believes he was undervalued and deceived.
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