Jul 5, 2023
Disney’s Harsh New Reality: Costly Film Flops, Creative Struggles and a Shrinking Global Box Office
https://variety.com/2023/film/news/disney-box-office-failures-indiana-jones-elemental-ant-man-1235660409
For the past decade, Disney has been the Teflon movie studio, remarkably adept at withstanding the tectonic changes impacting the film industry, and well fortified by its arsenal of key properties such as Marvel, Lucasfilm and Pixar.
But this year, the long-reigning titan of the box office has shown cracks as four of its biggest releases from those brands and others have struggled in theaters...
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Iger gets a new $31 million contract!
Extremely Wealthy Disney Boss Bob Iger Calls Striking Writers and Actors’ Demands ‘Not Realistic’
Jul. 13, 2023
https://www.thedailybeast.com/bob-iger-calls-striking-writers-and-actors-demands-not-realistic
On Thursday, as Hollywood actors prepared to join writers on strike, Disney CEO Bob Iger shared some fascinating thoughts about his colleagues’ goals—which he described to CNBC’s Squawk Box as “not realistic.”
Iger collected $65 million from Disney in 2018—which is 1,424 times the company’s median employee salary. (Forbes placed Iger’s net worth at around $690 million in 2019.) He retired in 2020 but returned to Disney’s helm in 2022 for a cool target annual salary of $27 million, with all bonuses. On Wednesday, he signed a contract extension that grants him $4 million more in possible bonuses, bringing the annual target to $31 million.
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