KANSAS CITY (Reuters) – Walt Disney Co Chief Executive Bob Iger added the post of chairman on Tuesday despite objections from a governance group and state treasurer about the dual roles.
Disney made the announcement after a board meeting that followed its annual shareholder meeting in Kansas City, where Iger and nine other directors won re-election.
(Reuters) – Walt Disney Co. shareholders reelected 10 members of the Disney board during the company’s annual shareholder meeting despite opposition from shareholder groups who had recommended a vote against four board members
Institutional Shareholder Services and the treasurer for the state of Connecticut raised objections after the board announced on October 7 that it would combine the roles of chairman and chief executive, elevating CEO Robert Iger to the dual roles.
LOS ANGELES, March 11 (Reuters) – Dr. Seuss movie “The
Lorax” stayed firmly planted at No. 1 on box office charts over
the weekend, easily trumping the debut of Walt Disney Co’s
expensive sci-fi flick “John Carter.”
The animated “Lorax” notched its second win in a row with
$39.1 million in U.S. and Canadian ticket sales from Friday
through Sunday, according to studio estimates released on
LOS ANGELES, March 9 (Reuters) – “John Carter,” the 3D
space adventure film that opens today, was supposed to be the
Walt Disney Co’s latest franchise movie, a blockbuster
on par with “Cars” and “Pirates of the Caribbean” that generates
profits beyond the film to television, books, and consumer
Instead, industry tracking suggests it will be the latest
big-budget box office bust.
(Reuters) – Netflix Chief Executive Reed Hastings has quietly met with some of the largest U.S. cable companies in recent weeks to discuss adding the online movie streaming service to their cable offerings, according to sources familiar with matter.
In what would ratchet up its competition with HBO, the talks could lead to Netflix becoming available as another on-demand option for cable subscribers through their set-top boxes, according to three people familiar with the talks. If a partnership came to fruition, a cable operator might offer Netflix as an additional option added onto a subscriber’s cable bill, according to a fourth person.
The popularity of the 3D animated “Lorax” far exceeded industry forecasts and helped lift total box-office receipts ahead of last year for the ninth weekend in a row.
March 2 (Reuters) – As Disney prepares to launch its
fourth cruise ship following several recent disasters that have
rocked the industry, and other cruise lines jump to slash fares,
the company’s chief executive officer never considered cutting
rates for passengers on its new Disney Fantasy ship, scheduled
to sail on March 31.
“The opportunity we see isn’t in grabbing market share by
pricing. We have a brand that means quality and service for
family entertainment,” Chief Executive Bob Iger said from a
Disney Fantasy stateroom an hour before its March 1 christening
in New York City.
LOS ANGELES (Reuters) – Walt Disney Co (DIS.N: Quote, Profile, Research, Stock Buzz) defended its executive structure and pay on Thursday after a shareholder governance group criticized Chief Executive Bob Iger’s compensation and his added role as chairman.
Disney, in filings with securities regulators, said a report by Institutional Shareholder Services was “deeply flawed and out of touch with shareholder interests.”