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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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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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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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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 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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Disney follows Netflix's lead, plans to crack down on password-sharing from June
Livemint
·
1y ago
Medial
Disney CEO Bob Iger announced plans to address password-sharing on the company's streaming platform, following in the footsteps of Netflix. The initiative, set to begin in June, aims to boost subscriber growth and profitability. Iger hopes to achieve double-digit margins for the business. This move coincides with Disney's efforts to revitalize its film and TV franchises, achieve profitability in streaming, and establish partnerships for ESPN's digital expansion. Netflix's crackdown on password-sharing led to a surge in subscribers, exceeding expectations with the addition of nearly 22 million subscribers in the latter half of 2023.
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Disney pares streaming losses, takes hit from India deal
Livemint
·
1y ago
Medial
Disney's streaming unit is getting closer to breaking even this year, with losses decreasing to $18 million in the March quarter compared to $659 million in the same period last year. CEO Bob Iger said the company is on track to achieve streaming profitability by the end of September. Disney+ added over six million subscribers in the quarter, meeting investor expectations. Disney's traditional TV business continues to decline, while its experiences division, which includes theme parks and cruises, saw a 10% increase in revenue. Overall, companywide revenue rose about 1% to $22.08 billion in the March quarter.
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Elon Musk is being mocked by Meta's AI chief over attempts to recruit workers for xAI
Business Insider
·
1y ago
Medial
Meta's AI chief, Yann LeCun, took a jab at Elon Musk on his own platform, X, following Musk's attempt to recruit AI workers for his company, xAI. LeCun mocked Musk's claims and behavior, including his prediction that artificial general intelligence will be solved next year and his controversial statements about the potential dangers of AI. LeCun also criticized Musk for sharing unverified claims and not adhering to his own platform's rules. The ongoing feud between the two tech rivals dates back to at least 2017.
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Elon Musk's xAI makes Grok open source, billionaire takes another jibe a OpenAI
Livemint
·
1y ago
Medial
Elon Musk's xAI has fulfilled its promise of making its generative AI chatbot, Grok, open source. The company released the base model weights and network architecture of Grok-1, a 314 billion parameter Mixture-of-Experts model. This release comes shortly after Musk took a jab at OpenAI, with whom he has been engaged in a legal battle. The release of Grok-1 is a significant milestone for xAI and opens up possibilities for further development and applications.
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