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Tag: Bob Iger

  • Disney’s New CEO Already Has Parks Fans Worried

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    An emphasis on microtransactions and questionable cost cutting are among their concerns.
    Photo: Handout/Getty Images

    You can exhale now, Bob Iger. This week, Disney named Josh D’Amaro as its next CEO, and he will be taking the Mickey mantle in March. As we noted earlier this week, the future head of a multibillion-dollar company making TV shows and movies has “no real experience making TV shows and movies.” He has, however, worked at Disney for 28 years, most recently as chairman of Disney Experiences, so in some ways, D’Amaro is Mister Experience. Crowning the guy who runs Disney’s theme parks, cruise ships, and hotels to head the entire company telegraphs how the megacorporation envisions its future; it is one of the last major Hollywood studios, but it might see other arms of its business as bigger priorities. You would think theme-park heads would welcome the news, but on Reddit and Twitter, Disney adults are raising concerns. If D’Amaro is going to run the Studios the way he runs the Parks, then it’s worth looking into why, exactly, fans of Disney World and Disneyland might be upset.

    For decades, Disney Parks’ FastPass system was free to all theme-park guests, allowing them to nab passes (first paper, then digital) to wait in shorter lines for rides and attractions. It was a perk available to all who could get past the learning curve. In 2021, one year into D’Amaro’s tenure and following COVID shutdowns, Disney did away with FastPass and introduced a confounding and very costly series of pay-to-skip passes, which require timing advanced booking of limited slots in these formerly free-to-enter shorter lines. Lightning Lane Multi Passes, for example, can cost over $40 a day to skip the lines on certain attractions sorted into different tiers, excluding the best and busiest ones, which will require a Lightning Lane Single Pass (those range from $12 to over $20 per attraction). If the thought of staring at your phone all day at Disneyland, frantically booking ride slots like you’re using Resy, sounds horrible, you can now also buy a Lightning Lane Premiere Pass, which ranges from $129 to $449, per person, per day, plus tax, on top of your park tickets. On the busiest days, such as holidays, at the most popular parks like the Magic Kingdom and Disneyland, these baseline tickets can now cost over $200.

    Now imagine doing this for a family of four on a three-day vacation. And imagine how expensive that vacation already is, as over the past few years, Disney has stripped away additional perks like the airport bus service and extended park hours, in favor of more points of purchase and labor-cost savings. The emphasis on microtransactions makes it so that the wealthy can afford to skip lines, creates hours-long waits for everyone else, and incentivizes even more people to pay up out of desperation and to make their limited time in the parks “worth it.” Defunctland has a brilliant video about how this experience is ruining theme parks for visitors, although it’s clear to see why Disney loves this model. Could D’Amaro be planning to apply these extractive pricing strategies to more products at the company? It’s not a stretch to imagine Disney+ adding an upcharge to stream Andor during “peak hours” or something.

    Last year, Disney made the decision to tear down Jim Henson’s final completed work, a testament to the American pioneer’s humor and innovation, Muppet*Vision 3D, to replace it with a Monsters, Inc.–themed ride, despite there being so much underused space in that particular theme park, Disney’s Hollywood Studios. D’Amaro has since voiced his commitment to the Muppets, but it will be hard to overcome him overseeing this moment of betrayal to the Muppet community. The past few years have seen Imagineers’ artistic vision and thematic cohesion stripped away from parks like Epcot and Animal Kingdom in the name of making room for more profitable IP, in less thoughtfully executed attractions. Along the way, Disney’s attention to detail and historic trust in Imagineers like Joe Rhode has been decimated, and does not bode well for how much free rein Disney will or will not allow its creatives across divisions.

    Whatever kind of slump you think the Marvel Cinematic Universe is in, Marvel’s Disneyland Universe has it worse. Under D’Amaro, Disney opened Avengers Campus in Disney’s California Adventure, and it is the sorriest concrete wasteland ever seen in a theme park: It demonstrates a callous cost-cutting approach in how Disney builds new major projects from the ground up — slapping logos on architecture that resembles an industrial business park. Under D’Amaro’s tenure, it wasn’t about creating a delightful atmosphere so long as the profitable IP was represented in the most perfunctory way possible. You can see the same turn away from ambition and whimsy in the newest Disney Resort hotels and in sad, airport Holiday Inn–level renovations of their existing hotels, compared to the mad creativity and beauty of the Michael Eisner era.

    To be fair, D’Amaro is not single-handedly responsible for any of these Disney Parks’ problems. But it is hard to point to particularly amazing things that have happened in Disney Experiences under his reign: The two new coasters that have opened in Walt Disney World in the past five years are excellent additions, and they’ve vastly expanded the cruise-ship fleet, if that’s your speed. But do those wins say anything about how he will run such a vast entertainment company?

    He did get Michael Eisner’s seal of approval, as the Old Master declared D’Amaro to be a “wise pick” and cautioned him to “keep close the words of Walt Disney: ‘We love to entertain kings and queens, but the vital thing to remember is this — every guest receives the VIP treatment.’” I will take that as subtle Lightning Lane shade. Eisner also points at the promotion of Dana Walden to president and chief creative officer as great news for the company. If the new CEO and his leadership can heed this advice, maybe the future of Disney still holds a great, big, beautiful D’Amaro.

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    Rebecca Alter

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  • How New Disney CEO Josh D’Amaro Won Bob Iger’s Heart

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    For the last few years, the question of who would succeed Bob Iger hovered over Disney. Entertainment executive Dana Walden’s decades-long career in television, her reputation as a talent-whisperer, and her close relationship with Iger made her the obvious choice from Hollywood’s perspective: “The word about succession is that it’s all Dana all the time,” a top agent told VF in 2024. Her biggest competition was Josh D’Amaro, the silver-haired head of Disney’s parks and resorts division, who had a devoted following inside and outside the company. When he showed up at Disney theme parks, visitors often lined up to meet him.

    The company finally ended its executive bake-off Tuesday with the announcement of D’Amaro as its new CEO. Disney shied away from the historic choice of appointing a first woman to top the company, though a new position was created for Walden: She’s been named President and Chief Creative Officer, giving her oversight of both film and television at Disney.

    “Reading the tea leaves for at least the past six months or so, there was a sense that Josh was out in front,” says a veteran Hollywood producer who has worked with Disney. “If you want the most experienced executive in a tumultuous financial environment that’ll give confidence to Wall Street, then Josh is your guy.”

    D’Amaro’s appointment might shock those who remember the disastrous, short, and disastrously short tenure of another former parks chief—Bob Chapek—whom Iger handpicked to be his successor in 2020. Among other things, Chapek enraged Hollywood talent by messing with Scarlett Johansson over her Black Widow contract and pissed off a sizeable proportion of Disney fans by flip-flopping on Florida’s “Don’t Say Gay” bill.

    Things got so bad that Iger raced back to the boardroom in 2022 to clean up the mess, spending the next four years deliberating on the best choice to take the company forward into a complicated future. He offered ongoing guidance to his top candidates, who were said to be educating themselves on all elements of the business.

    Walden seemed perfectly placed as Iger’s protege. They both rose through the ranks of the television business, lived near to each other in LA’s Brentwood neighborhood, and were often spotted taking walks together. Walden was riding particularly high in 2024: that’s when she lured her good friend Ryan Murphy to Disney from Netflix, a streaming era coup. (“Dana, like Bob [Iger], is a real star,” Murphy told me back then.”When they walk into a room, the energy changes.”) And it looked like Kamala Harris, Walden’s pal for more than 30 years, might become president, giving her a hotline to the White House.

    Of course, Trump won the presidency instead—and soon, the vibe shifted heavily in D’Amaro’s favor. After paying $15 million to settle a defamation case brought against ABC by Trump, yanking a trans storyline from a Pixar streaming series, and fighting a high-stakes battle over Jimmy Kimmel and free speech, Disney seemed eager to remove itself from the crosshairs of the culture wars and the current administration. Perhaps 2026 suddenly didn’t feel like good timing for the company’s first female CEO.

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    Joy Press

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  • Disney names parks chief Josh D’Amaro to succeed CEO Bob Iger

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    The Walt Disney Co. named parks chief Josh D’Amaro to succeed Bob Iger as CEO of the entertainment company.

    D’Amaro, who currently oversees Disney’s theme parks and dozens of its resort hotels, will take the helm of the company on March 18, 2026, the company said Tuesday. He will lead a company with $36 billion in annual revenue and around 185,000 employees worldwide, at a time when it is struggling to attract foreign visitors to its theme parks.

    The decision on Disney’s next CEO comes nearly four years after Iger returned to the company following the departure of his previous successor, Bob Chapek, after a period marked by clashes, missteps and weaker financial performance. 

    When he returned as CEO in 2022, Iger was tasked with cutting costs and restructuring Disney’s business to revive the company’s finances. Part of that effort included slashing 7,000 jobs in 2023, about 3% of the media and entertainment company’s global workforce.

    “We won’t have the same drama we had last time, that I can assure you,” Disney Chairman James Gorman said Tuesday in an interview on CNBC.

    Disney formed a succession planning committee in 2023 to explore and vet candidates to replace Iger.

    In Tuesday’s statement, Iger said that D’Amaro has “an instinctive appreciation of the Disney brand, and a deep understanding of what resonates with our audiences.” 

    D’Amaro, 54, has held multiple roles at Disney since joining the company in 1998, including in finance, business strategy, marketing, creative development and operations. 

    D’Amaro served as president of Walt Disney World Resort before stepping in as chairman of Disney Experiences in 2020, spearheading efforts at the company’s theme parks, cruises and resorts division. He is also in charge of Disney’s licensing business, which includes its partnership with Epic Games.

    In addition to D’Amaro’s appointment, Disney said Tuesday it is tapping Dana Walden, the co-chairman of Disney Entertainment, to serve as president and chief creative officer of Disney, effective March 18. 

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  • The CEO of Disney Loved ‘Avatar: Fire and Ash’ When It Was Even Longer

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    The world premiere of Avatar: Fire and Ash takes place on Monday, December 1, in Los Angeles, CA. That’s almost three weeks before the film will be released in theaters on December 19, which means Disney is incredibly confident in the film. It has no problem with reactions leaking out early, presumably because the company thinks it has another James Cameron smash on its hands. Whether or not that’s true, we’ll find out soon.

    That kind of confidence usually comes right from the top, though, and in a new interview, Avatar creator and director James Cameron talked about Disney CEO Bob Iger’s initial reaction to the film.

    “[Iger] doesn’t weigh in until it’s something for me to show,” Cameron said to Puck News. “His comment when he watched [Fire and Ash] for the first time, even though it was at three hours, 23 minutes, not including credits at that point, so it’s gotten about 18 minutes shorter since then. He said, ‘Yeah, I know you’re going to keep chopping away at it. But it’s magnificent.’ He basically said, ‘I love this film.’ And it was interesting because there were other heads on the Zoom that were bringing up notes. And he said, ‘Yeah, you know, I didn’t have a problem with that.’ And he basically shot them down on their notes. And I was like, ‘Okay, we’re done here.’”

    Well, not done, considering the film is now three hours and 17 minutes with credits. So Cameron did nip and tuck a bit. But Iger’s early reaction is an indicator of why the company is letting the film out into the public so early. Which, for context, is not usual. Most major Disney films don’t screen for press or industry until the week of release. But this is 18 days before release. Apparently, and hopefully, “it’s magnificent,” as Iger said.

    We’ll have much, much more on Avatar: Fire and Ash in the coming weeks. It opens December 19.

    Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who.

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    Germain Lussier

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  • The Disney-YouTube TV Standoff Is Finally Over

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    Jump for joy! A deal has been reached.
    Photo: Eric McCandless/Disney via Getty Images

    To quote Homer Simpson, woo-hoo! Our corporate overlords are finally getting along. Disney and YouTube TV have squashed their carriage beef, signing a deal to bring all your favorite ESPN, ABC, and Disney properties back to YouTube’s streamer. Disney Entertainment co-chairmen Alan Bergman and Dana Walden and ESPN Chairman Jimmy Pitaro praised the deal in a joint statement obtained by The Hollywood Reporter. “We are pleased that our networks have been restored in time for fans to enjoy the many great programming options this weekend, including college football,” they wrote. “Subscribers should see channels including ABC, ESPN and FX returning to their service over the course of the day, as well as any recordings that were previously in their Library,” a spokesperson for YouTube said Friday night. “We apologize for the disruption and appreciate our subscribers’ patience as we negotiated on their behalf.”

    Disney’s channels — including ABC, ESPN, Freeform, and FX — went dark on YouTube TV October 30. It was the longest carriage dispute in recent memory, far exceeding the Charter Communications tiff in 2023. That only lasted 11 days. Reports found that this dispute was particularly bitter, with CEOs Bob Iger (Disney) and Sundar Pichai (Google) allegedly brought in to speed things along. It’s times like these one yearns for an old school antenna.

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    Bethy Squires

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  • Disney announces when it will replace CEO Bob Iger

    Disney announces when it will replace CEO Bob Iger

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    The Walt Disney Co. isn’t prepared to say who will succeed CEO Bob Iger, but the entertainment giant is at least indicating when it will announce who is to replace the company’s respected chief executive. 

    Disney said Monday it will disclose Iger’s replacement in early 2026.

    Relatedly, Disney’s board of directors also named Morgan Stanley executive chairman and former CEO James Gorman its new board chairman, effective January 2, 2025. Gorman will step down at Morgan Stanley before assuming his new duties as Disney’s  chairman. He will replace Mark Parker, executive chairman of Nike. 

    “The Disney Board has benefited tremendously from James Gorman’s expertise and guidance, and we are lucky to have him as our next Chairman – particularly as the board continues to move forward with the succession process,” said Iger, who left Disney in 2020 before returning in 2022, in a statement. “I’m extremely grateful to Mark Parker for his many years of board service and leadership, which have been so valuable to this company and its shareholders, and to me as CEO.”


    Theme parks reporting drop in revenue

    02:11

    Gorman said the process to pick a new Disney CEO is ongoing. 

    “A critical priority before us is to appoint a new CEO, which we now expect to announce in early 2026. This timing reflects the progress the Succession Planning Committee and the board are making, and will allow ample time for a successful transition before the conclusion of Bob Iger’s contract in December 2026,” he said in a statement. 

    Iger was Disney’s public face for 15 years, compiling a string of victories lauded in the entertainment industry and by Disney fans, before he retired in 2020. But he returned to lead the company two years ago after it fired Bob Chapek as CEO.

    In his latest stint at the helm, Iger has moved to slash costs and restructure Disney’s business, including cutting 7,000 jobs. In 2024, he also staved off a challenge from activist investor Nelson Peltz, who had mounted a proxy fight to win a seat on Disney’s board. 

    contributed to this report.

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  • Disney World’s New Line-Skipping Pass Costs Up To $450 A Day Per Person

    Disney World’s New Line-Skipping Pass Costs Up To $450 A Day Per Person

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    Disney has announced a new way to skip the lines at its parks. But depending on where you go and when, you might have to spend over $400 a day per person to take advantage of the new Lightning Lane Premier Pass.

    On Wednesday, Disney announced its plans to roll out a new tier of Lightning Lane, a pre-existing program that lets visitors pay extra to skip the lines for certain rides in Disney World and Disneyland. Previously, Lightning Lane Multi Passes, which let you skip the line on multiple rides, cost $32 a day per person, though the price could increase for various reasons. These passes forced guests to select a time to arrive for their “line skip,” which could cause problems if you were late. This newly announced tier of line skipping, Premier Pass, does away with that restriction, but at a steep cost.

    As spotted by GameSpot, the new “Premier” pass—which will be available later this month—will cost up to $450 a day per person at Disney World. The price varies depending on the park and when you go, with Disney saying that the highest prices will be found on a “limited number of days over peak travel periods.”

    Here are the prices for each park, but keep in mind that you still need to buy a ticket to the park, and at Disney World, only folks staying in Disney World hotels on property will be eligible to buy these new, limited passes.

    • Disney’s Animal Kingdom: $129 to $199
    • EPCOT: $169 to $249
    • Disney’s Hollywood Studios: $269 to $349
    • Magic Kingdom: $329 to $449

    Meanwhile, at Disneyland, the Premier pass will cost $400 per person until December 31. In 2025, the pass will drop to $300 to $400 a day per person, based on what dates you visit.

    In 2023, Disney CEO Bob Iger said that the massive company had been “too aggressive” about increasing prices at the parks and wanted to make them more “accessible.” This, uh, doesn’t seem like a good way to do that. And sure, you can argue that people don’t need to buy these passes, that they can just wait in line, but ride queues can get quite long and waiting sucks. Besides, the big appeal of Disney World and Disneyland is the rides! And making it more expensive to actually enjoy them seems like the opposite of making your parks more accessible to more people.

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    Zack Zwiezen

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  • Robert Downey Jr. Explains Marvel Return as Doctor Doom

    Robert Downey Jr. Explains Marvel Return as Doctor Doom

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    Robert Downey Jr.’s return to the Marvel Cinematic Universe—not as Iron Man/Tony Stark (RIP), but as Doctor Doom in 2026’s Avengers: Doomsday—was one of the biggest bombshells to emerge from San Diego Comic-Con. And while money was certainly a factor in the reunion between studio and star, Downey recently explained there were other key reasons too: his deep ties with the bosses at Marvel and Disney, and his appreciation for Disney’s advancements in filmmaking technology.

    “[Kevin Feige] and I have kept in touch. We’re pals. [Jon] Favreau and Feige and I have kept in touch. I’m close with the Russo Brothers; we have other business we’re doing. So there’s this little kind of group of fellow travelers,” Downey explained on the Hollywood Reporter’s Awards Chatter podcast. “And I had this instinct that I wanted to go to Bob Iger, and I had an idea outside of the [Marvel] Cinematic Universe for how I could be of service to what’s going on in the parks and all their location-based entertainment.”

    But before that meeting, Downey recalled, he and his wife and producing partner Susan Downey were chatting with Feige, and the Marvel boss brought up the idea of Downey returning to the MCU. “Susan was like, ‘Wait, come back as what?’ And I was like [speechless confusion]? And then we both realized over time that it was another thing that just disproves any doubt anyone could ever have about that guy—a very sophisticated creative thinker—about how can we not go backwards? How can we not disappoint expectations? How can we continue to beat expectations? And he brought up Victor Von Doom.”

    Intrigued, Downey took a look at Victor Von Doom as a character. “I was like, ‘wow.’” he recalled. “Later on, [Feige] goes, ‘Let’s get Victor Von Doom right. Let’s get that right.’ So then I said to Kevin, ‘Can I go talk to Bob Iger?’ He goes, ‘About [what]?’ I go, ‘About everything.’ And I [went] to Bob’s house, which—I don’t know how to describe that experience. I’ve had a lot of really cool experiences. We go to Iger’s pad and we sit down and start saying, ‘I just really want to be…’ He goes, ‘I like it.’ He likes it,” Downey said. Then, Iger invited Feige and Downey to visit Disney’s Imagineering Campus, Disney’s research and development hub.

    “[We] go to the imagineering campus, and you want to talk about two guys that they’re not easy to have their minds blown, let alone at the same time—I can’t say too much about [it], but what is going on there right now is so beyond my expectation of what was possible,” he teased. “It’s also the only way that I felt like I can give a certain entertainment-seeking audience something that they may have a hankering to have an experience of, in a way where I can continue to develop my interest in the future of entertainment … so it’s this crazy, weird thing that’s going on.”

    Mysterious—but also intriguing! Perhaps we’ll realize what he’s hinting at here when the Russo Brothers-directed Avengers: Doomsday arrives May 1, 2026.

    Listen to the Hollywood Reporter’s full Downey interview, in which he also shares memories of being cast as Iron Man nearly two decades ago, right here.

    Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who.

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    Cheryl Eddy

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  • It’s Tough to Hand Off the Mickey Ears

    It’s Tough to Hand Off the Mickey Ears

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    Illustration: Zohar Lazar; Photo Getty Images

    While eight men have taken turns guiding The Walt Disney Company over the course of its roughly 100 years of existence, arguably only three have managed to make a real and lasting impact: current CEO Bob Iger, Michael Eisner, and of course, the icon for whom the company is named, Walt Disney himself. All three ruled the Magic Kingdom for at least two decades, oversaw creative and commercial renaissances at the company, and to varying degrees became celebrities in their own right. And yet for all their positive attributes, Disney, Eisner, and Iger had one other thing in common: They were really bad at figuring out who would succeed them as CEO.

    We saw this play out recently with Iger, who had to return as CEO of the company barely a year after formally departing it because his own handpicked successor turned out to be a disaster. But Disney’s succession curse actually stretches back to the mid-1960s, when Walt’s untimely death left Disney wandering the cultural wilderness for decades. And while Eisner’s handoff to Iger in 2005 turned out brilliantly for the company, it came only after many years of dawdling and delays and only after a very public shareholder revolt forced Eisner’s hand.

    So why have Disney’s best CEOs done such a lousy job with such a critical task? “Being the head of Disney is a very strong drug and it’s very hard to let go,” as The Hollywood Reporter’s Kim Masters tells us in the episode. “Leaving Disney — it’s a big deal. It’s a very identity-defining thing.” In the fifth episode of Land of the Giants: The Disney Dilemma, hosted by Vulture TV reporter and Buffering columnist Joe Adalian, we explore why it is that Disney’s most successful leaders have done such a bad job making sure the company would be able to survive — and thrive — without them.

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    Josef Adalian

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  • Amid Universal’s epic reveals, Disney confirms updated expansion plans for Orlando parks

    Amid Universal’s epic reveals, Disney confirms updated expansion plans for Orlando parks

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    click to enlarge

    Photo via Disney World

    Walt Disney World’s Big Thunder Mountain

    CEO Bob Iger and Disney Experiences Chairman Josh D’Amaro confirmed last week the company is moving forward with expansions to Magic Kingdom and Animal Kingdom parks. The expansions aren’t breaking news, but the Disney execs made them official to a select group of reporters at Walt Disney Imagineering in California.

    Disney World’s big-ticket new attraction this year will be Tiana’s Bayou Adventure, an exciting, more-than-a-makeover upgrade to the bones of Splash Mountain. The log flume plunge ride is expected to open around the unofficial start of summer at the end of May in Magic Kingdom.

    Also expected to open this year at Disney are a reimagined Country Bear Jamboree show at Magic Kingdom (summer) and a revamped The Little Mermaid: A Musical Adventure show (fall) at Hollywood Studios.

    Disney may not be working on a new theme park in Florida, but these retooled attractions and expansions are part of the company’s $60 billion investment in its theme parks over the next 10 years. Back in September, Disney announced its plans to invest $17 billion just in the Florida parks.

    Since that Florida investment announcement at Destination D23, Disney World has opened the Moana-themed Journey of Water attraction and a new nighttime fireworks show at Epcot, and added new locations and characters to Star Tours. Plans are in place to revamp Epcot’s Test Track (closing June 17) and to open a Pirates of the Caribbean-themed lounge in Magic Kingdom.

    It was at Destination D23 that D’Amaro teased a “beyond Big Thunder Mountain” expansion at Magic Kingdom. At the time, D’Amaro said the growth would be similar in scale to Pandora: The World of Avatar and Star Wars: Galaxy’s Edge.

    To media last week, Michael Hundgen, site portfolio executive, confirmed the size will be about the same as Galaxy’s Edge’s 14 acres. The expansion would include the area west of Frontierland.

    click to enlarge Concept art for Disney World's Dinoland - Photo via Disney World

    Photo via Disney World

    Concept art for Disney World’s Dinoland

    Disney has not said what lands or attractions will go in the expansion. But D’Amaro and Iger did confirm an overhaul of Dinoland U.S.A. at Animal Kingdom is coming soon.

    Instead of the prehistoric-themed opening day carnival, the area will be transformed into the Tropical Americas with attractions based on IP like Indiana Jones and Encanto.

    There aren’t more details about these expansions beyond confirmation that Disney is working on them, and no new attractions have yet been announced to open in 2025. These facts have been a subject of criticism among fans and investors.

    During a virtual shareholders meeting last week, a preselected question asked, “Why hasn’t Disney prepared anything, or placed more than just a handful of attractions to be ready for this (Epic Universe) in 2025 at Disney World?”

    Iger responded that “just couldn’t be further from the truth.” The CEO also said the company has known about Universal’s new theme park plans for over a decade and then detailed all the projects that debuted at the Florida parks these last 10 years.

    Still, Universal is opening an entirely new theme park plus three new hotels — all of it well under construction and taking shape at the resort’s south campus.

    It’s presumptuous to assume Disney World would add another theme park at the same time Universal Orlando does (also, can you imagine the traffic?). But the lack of information about new experiences coming next year and beyond the scheduled ride revamps continues to leave fans frustrated.

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    Chelsea Zukowski

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  • Disney Board Holds Off ‘Activist Investor’ Nelson Peltz

    Disney Board Holds Off ‘Activist Investor’ Nelson Peltz

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    Mickey Mouse and Minnie Mouse at the Disneyland Hotel reopening celebration at Disneyland Paris on February 3, 2024.
    Photo: Kristy Sparow (Getty Images)

    The atmosphere at Disney’s corporate offices must feel slightly lighter these days, between Disney World’s recent detente with Florida Gov. Ron DeSantis, and news today that shareholders have voted against billionaire “activist investor” Nelson Peltz’s attempt to snag two seats on the company’s board.

    As io9 previously explained, a behind-the-scenes situation that probably wouldn’t interest the average Disney fan suddenly became more headline-worthy when Peltz gave an interview to the Financial Times in which he complained about diversity in recent Disney Marvel projects, including last year’s The Marvels and the Oscar-winning smash hit Black Panther. “Why do I have to have a Marvel [movie] that’s all women?” the 81-year-old asked. “Not that I have anything against women, but why do I have to do that? Why can’t I have Marvels that are both? Why do I need an all-Black cast?” Not only was this attitude off-putting to fans, it also rubbed high-profile Disney shareholders the wrong way—including Star Wars creator George Lucas, who spoke out against Peltz’ proxy fight.

    As the Hollywood Reporter updates, today’s annual shareholder meeting proved to be “a win for the Walt Disney Co. and CEO Bob Iger” as all of the company’s director nominees “have been elected by shareholders, rebuffing the activist investor Nelson Peltz, who had been running a high-profile campaign to put himself and former Disney CFO Jay Rasulo on the company’s board.”

    Sources cited by the trade make it sound like the voting wasn’t exactly close, coming out decisively in favor of Team Iger. THR also has a statement from Iger, who sounds ready to put the Peltz situation in Disney’s rear-view mirror as quickly as possible: “I want to thank our shareholders for their trust and confidence in our Board and management. With the distracting proxy contest now behind us, we’re eager to focus 100% of our attention on our most important priorities: growth and value creation for our shareholders and creative excellence for our consumers.”


    Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who.

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    Cheryl Eddy

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  • Who the Hell Is Nelson Peltz, the Billionaire Investor Disney Is Freaking Out About?

    Who the Hell Is Nelson Peltz, the Billionaire Investor Disney Is Freaking Out About?

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    So-called activist investor Nelson Peltz, who’s aiming to win two Disney board seats, has stirred up some controversy by calling out Disney’s recent era of “woke” strategy through diversifying its slate of films at Marvel Studios.

    The 81-year-old businessman, whose experience is with food companies including Wendy’s and H.J. Heinz as well as having once supported the DeSantis presidential campaign, had a lot to say about The Marvels and Black Panther in an interview with the Financial Times. “Why do I have to have a Marvel [movie] that’s all women?” Peltz asked the publication. “Not that I have anything against women, but why do I have to do that? Why can’t I have Marvels that are both? Why do I need an all-Black cast?” Side note: Peltz happens to be the father of Nicola Peltz, who played Katara in 2010’s infamously very white Last Airbender adaptation.

    He continued, “People go to watch a movie or a show to be entertained. They don’t go to get a message.” Since he also claimed that he doesn’t have experience in media, it’s interesting to note that Peltz’s Trian Partners is pushing for this vote as part of Ike Perlmutter’s hopes for retaliation against Disney CEO Bob Iger, who terminated him from Marvel Entertainment last year. Variety reported that, “Trian controls roughly $3.5 billion worth of Disney stock, 79% of which is owned by Perlmutter.” This goes back to Perlmutter’s feud with Kevin Feige, who pushed for Black Panther and Captain Marvel. Perlmutter fought against diversity in Marvel’s slate until Iger stepped in to force his hand and allow the films to be made.

    Ryan Coogler’s Black Panther, starring the late Chadwick Boseman, was a hit with $1.35 billion at the worldwide box office; it kicked off the Academy Award-winning franchise and brought more inclusivity to the Marvel Cinematic Universe. Proving Perlmutter wrong publicly while revealing the lengths the forner Marvel exec went to in order to stop diverse superhero toys, merch, and movies being made really propelled Feige into the public’s good graces. Recent misses for the studio including The Marvels have caused some Marvel watchers to wonder if Feige’s position should be called into question. When asked by the Financial Times if it should, Peltz responded, “I’m not ready to say that, but I question his record.”

    Disney board member George Lucas recently stood up against Peltz by releasing a statement (reprinted in Variety and elsewhere) to support Bob Iger in rejecting his bid. “Creating magic is not for amateurs,” Lucas said in a shot right at Peltz, who also admitted to the Financial Times he’s been a bit of a bully. (“What sense is being a billionaire if you’re not a bully?” Peltz has been quoted as saying.) Which is such a strange stance to bring into Disney, standing directly against all it represents.

    Lucas continued, “When I sold Lucasfilm just over a decade ago, I was delighted to become a Disney shareholder because of my longtime admiration for its iconic brand and Bob Iger’s leadership.” He added, “When Bob recently returned to the company during a difficult time, I was relieved. No one knows Disney better. I remain a significant shareholder because I have full faith and confidence in the power of Disney and Bob’s track record of driving long-term value. I have voted all of my shares for Disney’s 12 directors and urge other shareholders to do the same.”

    Peltz aims to add more board seats for his hedge fund firm through his Disney bid and support the agenda that Ike Perlmutter, his silent third party partner, has advocated for during his Disney tenure. The Hollywood Reporter disclosed that Perlmutter had this up his sleeve as soon as he was terminated, as he immediately pledged his stakes in Disney to Peltz. Before Iger came back Peltz had attempted a proxy battle with the company as a result of its losses, but was held off by his return. With this seat bid he hopes for round two in having more direct influence on the company board.


    Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who.

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    Sabina Graves

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  • Former Disney CEO Bob Chapek Breaks Silence Because of Bob Iger’s ESPN Plan

    Former Disney CEO Bob Chapek Breaks Silence Because of Bob Iger’s ESPN Plan

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    Former Disney CEO Bob Chapek has thoughts on Bob Iger’s ESPN plans. Steven Ferdman/Getty Images

    As The Walt Disney Company (DIS) tries to map out its plans for ESPN, one of its past leaders has decided to weigh in on the sports brand’s prospects. Bob Chapek, the CEO of Disney from 2020 to 2022, said in a new CNBC documentary that current Disney CEO Bob Iger’s plan to bring in a new stakeholder in ESPN would be unnecessary. 

    “Strategically, I don’t really see a benefit in bringing on yet another minority partner into ESPN,” Chapek said in the documentary. “How ESPN tries to stay relevant as cable declines.”

    The new documentary outlines how ESPN’s business model is no longer sustainable because of the industry-wide shift from cable to streaming. ESPN already has its own streaming service, ESPN+, but the brand has other streaming plans in store.     

    ESPN is currently 80 percent owned by Disney and 20 percent by Hearst Communications through a joint venture called ESPN Inc. Iger is looking for another minority investor in ESPN, as the sports network faces new developments, including a part in a joint streaming venture among Disney, Warner Bros. Discovery (WBD) and FOX (FOXA) and a separate ESPN streaming service that launches next year. 

    Chapek believes ESPN should take full control of its own future. “It seems incumbent upon the market leader in sports, as ESPN, that they’ve got an opportunity to simplify this,” he said. “Streaming is all about satisfying the customers with a more personalized or customized type of experience. If anyone can play that role, it should be ESPN.” 

    Chapek held various leadership roles at Disney from head of consumer products to head of theme parks over the time span of almost three decades. He was named CEO in 2020 but ousted two year later. He recently took on a new role, this time in the tech world. In January, he was appointed to the board of health tech firm Masimo.

    Disney shareholders are meeting on April 3 for a highly anticipated vote as activist investors are vying for board seats. Nelson Peltz of Trian Partners and former Disney executive Jay Rasulo will be challenging Iger’s leadership.    

    Former Disney CEO Bob Chapek Breaks Silence Because of Bob Iger’s ESPN Plan

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    Nhari Djan

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  • George Lucas backs Disney CEO Bob Iger in proxy fight with Nelson Peltz

    George Lucas backs Disney CEO Bob Iger in proxy fight with Nelson Peltz

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    Filmmaker and Hollywood legend George Lucas is throwing his support behind Walt Disney CEO Bob Iger in the bitter proxy battle between the company and activist investor Nelson Peltz.

    Lucas, who received 37.1 million Disney shares as part of Disney’s $4.05 billion purchase of Lucasfilm in 2012, is currently the largest individual investor in the company, multiple sources confirmed to CNBC.

    In a statement provided to CNBC, Lucas wrote:

    “Creating magic is not for amateurs. When I sold Lucasfilm just over a decade ago, I was delighted to become a Disney shareholder because of my long-time admiration for its iconic brand and Bob Iger’s leadership. When Bob recently returned to the company during a difficult time, I was relieved. No one knows Disney better. I remain a significant shareholder because I have full faith and confidence in the power of Disney and Bob’s track record of driving long-term value. I have voted all of my shares for Disney’s 12 directors and urge other shareholders to do the same.”

    Disney has lined up a number of high-profile endorsements in its battle against Peltz and his firm, Trian Fund Management, from the heirs of Walt and Roy Disney to JPMorgan Chase CEO Jamie Dimon.

    But the support from the Lucas endorsement is key, not only because of his role as Disney’s largest individual shareholder, but also because of his standing in Hollywood. Lucas wrote and created the “Star Wars” and “Indiana Jones” franchises, some of the most popular films in history, and he helped pioneer tools such as digital film editing and computer-generated imagery.

    Peltz has asked investors to nominate him and former Disney Chief Financial Officer Jay Rasulo to the board at its annual general meeting on April 3. Among other things, Peltz wants to overhaul Disney’s traditional TV channels, which he thinks have been a shrinking business.

    Iger, meanwhile, has been trying to streamline the sprawling media company to rein in spending and make its Disney+ streaming platform profitable. Iger has instituted broad restructuring, including thousands of layoffs.

    Don’t miss these stories from CNBC PRO:

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  • Disney Highlights Former Marvel Chief Ike Perlmutter’s “Difficult History With Bob Iger” In Latest Proxy War Salvo

    Disney Highlights Former Marvel Chief Ike Perlmutter’s “Difficult History With Bob Iger” In Latest Proxy War Salvo

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    Disney’s latest salvo in a proxy fight with activist investor Trian Fund Management highlights the firm’s “silent partner” Ike Perlmutter and his “difficult history with Bob Iger.”

    That critique came in a 20-page slide deck, a follow-up to an anti-Trian video released by Disney earlier this week. The clash has intensified ahead of Disney’s annual shareholder meeting on April 3. The new slide deck, titled “Correcting Trian’s Fiction With Facts,” revisits a number of prior arguments, many of which were included in the video. (Trian laid out its case in a 130-page white paper earlier this month.)

    For Hollywood observers in particular, though, Disney’s take on former Marvel boss Perlmutter is intriguing. It also cuts a bit deeper than previous public comments on the former exec by Iger and the company.

    Perlmutter, who has long been friendly with Trian co-founder and front man Nelson Peltz, has been the firm’s “silent partner” in the effort to secure board seats for Peltz and ex-Disney CFO Jay Rasulo, Disney maintains. “The former Perlmutter’s fraught history with Bob Iger appears to have driven his collaboration with Peltz to run a proxy contest,” the document states, noting that Perlmutter owns about 79% of the shares Peltz “claims” to own.

    Trian “neglected to address Perlmutter’s well-chronicled, difficult history with Bob Iger and many Disney
    employees, which is a highly relevant consideration for shareholders,” in Disney’s view. The firm “has said little about the role and influence of Perlmutter — it is not credible that Perlmutter is truly just sitting on the sidelines.”

    Perlmutter’s oversight of Marvel’s studio “was severed in 2015,” the document continues. The parting was “due to his ongoing antagonization of the creative team and vehement opposition to expanding the group’s output to films like Black Panther and Captain Marvel.” Those films went on to gross $1.3 billion and $1.1 billion at the global box office, respectively.

    Ties with Perlmutter were completely cut in March 2023 “as part of the company’s cost reduction program,” the slide deck unsentimentally adds. His alignment with Peltz and the campaign to dislodge Iger began soon thereafter.

    Rasulo doesn’t escape scrutiny in the latest blast from Burbank. The former CFO, who left Disney in 2015 after being passed over for the CEO role, and Peltz “do not add incremental skills to Disney’s board,” Disney asserts. Since Rasulo joined the board of iHeartMedia, the company’s performance metrics have only gotten worse, and the exec “failed to address streaming’s challenge to legacy radio.”

    The exec “did not drive” either strategy or succession planning at Disney, the company says, and he “has no credible succession planning experience.”

    Trian has made succession a key aspect of its criticism of Disney. Since returning as CEO in November 2022, Iger has repeatedly said a formal process of succession planning is under way and that he will pass the baton for certain at the end of his current contract in 2026. Trian has noted his multiple reversals of previously stated plans to step down during his 14-year initial run as CEO, as well as his decision to hand control to Bob Chapek in 2020. Chapek ended up being ousted by the board after a series of missteps and increasing concern by Iger about the direction of the company.

    Meanwhile, as the proxy saber-rattling continues, a notable business figure has aligned with Iger. JPMorgan Chase CEO Jamie Dimon, a highly influential figure in banking and finance circles, sent a statement to CNBC laying out his rationale.

    “Bob is a first-class executive and outstanding leader who I’ve known for decades,” Dimon said in the statement. “He knows the media and entertainment business cold and has the successful track record to prove it. It’s a complicated industry filled with creative talent, requiring the unique expertise and engagement skills that Bob possesses. Putting people on a Board unnecessarily can harm a company. I don’t know why shareholders would take that risk, especially given the significant progress the company has made since Bob came back.”

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    Dade Hayes

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  • Disney Makes LeFou Available For Public Use Decades Before Copyright Expires

    Disney Makes LeFou Available For Public Use Decades Before Copyright Expires

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    BURBANK, CA—Announcing the Beauty And The Beast character was available for public use as of Jan. 1, 2024, Disney CEO Bob Iger confirmed Tuesday that the company was relinquishing the rights to LeFou decades before the film’s copyright expired. “Go ahead, put LeFou in whatever silly slasher films you like—we do not care for him, and we never have,” said Iger, who called upon DreamWorks, Warner Bros., or “whoever the fuck” to go ahead and use the character in whatever creative projects they like. “If you want to use LeFou, we won’t sue you. So go on. You have my word. Technically, the copyright isn’t until 2086, but we hate that little shit. Just promise you won’t try to make him look cool because he’s not cool—he fucking sucks.” At press time, Iger added that anyone who tried to touch Lumière would be fucking dead.

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  • Why the Fall of Comic-Book Movie Culture Is Inevitable

    Why the Fall of Comic-Book Movie Culture Is Inevitable

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    Comic-book movie culture didn’t just stumble this year. It face-planted, giving us one movie after another that fans didn’t much care about and that the corporations backing these films took a disquieting loss on. And that’s not how it was supposed to go. According to the Gospel of 21st-Century Hollywood, the words “comic-book film” and “box-office disappointment” are not supposed to appear in the same sentence. When they do, not just once but over and over and over again, the tea leaves are telling us something ominous and maybe definitive.

    Why, in 2023, did this happen? The analysis that has mostly been offered is simple: The movie companies served up mediocre superhero product. That’s why they — and we — suffered. If it had just been one or two duds, the situation might have been explained away. But when you think back on “Ant-Man and the Wasp: Quantumania” and “Shazam! Fury of the Gods” and “The Flash” and “The Marvels” and “Aquaman and the Lost Kingdom,” the pattern is clear. It’s not simply a Marvel thing or a DC thing. The primal thrill and popularity of comic-book movie culture took a major hit, and it may be fading away. And yet…

    In the very drubbing these movies received, at the box office and in the drumbeat snark of critical reviews, you might say there’s hope. Comic-book movie culture is, after all, only as good as the movies it gives us. And this was the year that the corporations — let’s name names: Disney and Warner Bros. — failed. They made bad movies. What if they’d made good movies?

    The temptation to point a finger at the producers and executives and vilify them for their shoddy product has always been there. But now it’s part of the new couch-potato rebel culture. Critics, on their reflexive high horse, mostly hate comic-book movies, and more and more they have used their reviews of them to chastise The Man. The fans would seem to be on the other side of the fence, but they have their own collective resentments and rebel fire. This year, the critics and the Comic-Con horde stood shoulder to shoulder, joining forces to look the suits in the eye and say, “You did this to us! We’re bored as hell, and we’re not going to take it anymore.”

    All that said, there’s a larger reality about comic-book movie culture that we tend to ignore. So let’s state it outright: This shit is starting to fail because it is spent. Because it’s been used up. I’m not just talking about Ant-Man or the Flash. I’m talking about the characters who got us in the door in the first place, the iconic larger-than-life ones: Superman, Batman, Spider-Man, Wonder Woman, Captain America, Thor, The Hulk, Black Panther. They were the mythic engine of this thing, and for a good long stretch we didn’t just want to see them onscreen — we craved it. We needed them to be our gods again. And they were…until they weren’t. Memo to James Gunn: Gods have a way of losing power when you stick them in reruns.

    The former U.S. President George W. Bush has long been used to illustrate the maxim “He was born on third base but thinks he hit a triple.” Comic-book movie culture is sort of like that. In the old days (i.e., the first 90 years of Hollywood, up to and including the Lucas/Spielberg revolution), movies were made the old-fashioned way. They were imagined, usually out of whole cloth. Sure, there were sequels and remakes, there were literary adaptations highbrow and low, and “Star Wars,” in 1977, riffed on the pulp sci-fi serials of the ’40s and ’50s (though the vast majority of the audience for George Lucas’s film had never seen those serials). So yes, Hollywood has always been a great big recycling machine.

    But there’s a difference between imitation and IP. In 1978, when Hollywood gave us “Superman,” it was pinging off a magical comic-book character who sprung deep from the well of American pop identity. Who didn’t love Superman? And 11 years later, when Tim Burton’s “Batman” premiered (producing the real sea change in the industry — I’ll never forget the franchise frenzy that blanketed theaters the day that movie opened), it was like a deliverance. Unlike “Star Wars,” the Batman pedigree already occupied a place deep in the hearts of moviegoers. It spoke to comic-book fans, to everyone who’d grown up with the late-’60s TV series (still the greatest thing ever, by the way), not to mention the “Dark Knight” and “Killing Joke” graphic-novel generation. You could certainly say that Burton delivered — in the gothic Wagnerian sweep, the palm-buzzer demonism of Jack Nicholson’s performance. But in another sense you could say that the 1989 “Batman” was born on home plate and everyone in Hollywood thought it was a home run.

    I sound like I’m shortchanging the awesome craftmanship that goes into a movie like “Batman,” or that has gone into so many of the Marvel and DC films. I am not. I have great respect for that craft, sometimes a reverence for it, to the point that I’ve given a passing grade to more than my share of the comic-book movies (like “Captain Marvel” or “The Expendables”) that Critics Weren’t Supposed to Like. But here’s the real point. The mass attachment to comic-book movie culture has always been steeped in our connection to its most legendary characters. They were the pure-cut cocaine of all IP. And for a while that created a fantasy moviegoing high.

    Here and there, the films may continue to do that. I adored “The Batman” — though tellingly, even though it was a great movie that became a huge hit, it seemed to have no cultural impact. And “Spider-Man: No Way Home,” as much as I hated it, demonstrated the sheer power of that character, the more of them on screen the better. This year, the darkly bedazzling aesthetic and commercial triumph of “Spider-Man: Across the Spider-Verse” pointed toward what may be the future of the superhero-movie form — the mutating majesty of animation. And though I’ve been talking here about the old-school characters, there’s no doubt that the “Deadpool” films, with their transcendent naughtiness and ultraviolence, are a franchise phenomenon all their own. Like most industry watchers, I’m anticipating that the third “Deadpool” film, when it’s released this coming July, will be a commercial monster.

    So no, comic-book movie culture isn’t on life support…yet. Bob Iger, the CEO of Disney, was certainly right when he acknowledged — in an act of damage control — that the MCU had spread itself too thin, diluting its appeal with spin-off TV series and a general sense of the multiverse as something that was becoming homework even for fans. Yet what’s the solution? There’s no real way to put the genie of too-much-product overkill back in the bottle. Because the only way to “solve” that problem is with more product. James Gunn, in his role as the executive guru (along with Peter Safran) of DC Studios, now ready to wipe the slate clean and launch a new universe of DC storytelling, wants to fix it all with quality control. He’s basically saying, “Fuck those Zack Snyder movies. My Superman will be boss!” Yes, except that his Superman is going to feel like it’s about the 12th Superman.

    The executives, sitting in their Death Star suites, were full of excuses this year. “The movie got rushed into production.” “We overextended ourselves.” And no one can blame them for the personal and legal implosion of Jonathan Majors. At the same time, the critical-rebel establishment, speaking more than ever for fans, saw blood in the water, and with it the opportunity to help kill off the comic-book movie culture it has come to regard as an existential threat to cinema.

    But if that culture is now entering the early stages of its death throes, it will actually be for an honorable reason. Comic-book movies were never going to die because an “Ant-Man” or “Captain Marvel” sequel was bad. The only reason they were going to die is that they had served their purpose. They made us dream of men and women in capes who could fly and who seemed indestructible, because all of that made us feel good. But then it stopped making us feel so good, because we had already been there and dreamed that. And it was time, perhaps, to get back to reality.

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    Owen Gleiberman

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  • Tesla Removes Disney+ In Escalating Feud Between Musk and Iger | Entrepreneur

    Tesla Removes Disney+ In Escalating Feud Between Musk and Iger | Entrepreneur

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    Tensions appear to be escalating in the feud between Elon Musk and Disney CEO Bob Iger.

    Electric vehicle news website Electrek reports that Tesla has removed the Disney+ app from some of the vehicle’s infotainment systems. Some Tesla owners have verified this story, leaving bewildered posts on social media about Disney+’s sudden disappearance.

    “I can confirm that Disney+ has been removed from my Tesla Model S,” tweeted Whole Mars Catalog.

    “I am not feeling good about this decision. Shouldn’t it be free will, if people decide to turn away from Disney?” wrote @enriquemoreno.

    Related: Elon Musk Keeps Posting About Disney CEO Bob Iger on X, Says He ‘Should Be Fired’

    Musk vs. Iger

    If true, the move comes in response to Disney pausing its advertising on Musk’s social media platform ‘X’ after he appeared to endorse a contentious antisemitic theory online.

    A furious Musk lashed out at Disney (and CEO Bob Iger) during an interview at the New York Times‘ Dealbook Summit, saying that he would not be blackmailed by corporate money.

    “Go F$% yourself,” he said at the time.

    Now Tesla CEO Musk appears to be putting some bite behind his bark, limiting access to Disney+ for some Tesla drivers. According to Electrek, not all Tesla owners were affected by the blackout—only those who never used the app before.

    Still, the feud has left some Tesla drivers quite testy.

    For example, an X user named @teslahoe tweeted: “So Disney+ has now been removed from Tesla vehicles. I’m assuming this is in retaliation to Disney pulling advertising from X (which they have every right to do). So now I, as a mom, get to deal with telling my toddlers we can’t watch Disney+ while in our Tesla and deal with their upset feelings because 2 grown men can’t have a civil discussion and move on.”

    Related:

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    Jonathan Small

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  • Elon Musk Says Bob Iger, the Disney CEO He Publicly Told to “Fuck Yourself,” Should Be “Fired Immediately”

    Elon Musk Says Bob Iger, the Disney CEO He Publicly Told to “Fuck Yourself,” Should Be “Fired Immediately”

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    Last month, during an interview at The New York Times’ DealBook summit, X owner Elon Musk declared that the advertisers who’d boycotted the platform in reaction to his endorsement of a wildly antisemitic post could go to hell. “Don’t advertise,” he said before going on to specifically target Disney CEO Bob Iger. “If someone is going to try to blackmail me with advertising? Blackmail me with money? Go fuck yourself. Go fuck yourself, is that clear? Hey, Bob, if you’re in the audience. That’s how I feel, don’t advertise.” A week and change later, (perhaps with the benefit of hindsight and maybe even a gentle reminder from shareholders that his job is not, in fact, to tank the company), has Musk decided to make nice with the companies upon whom X relies on revenue to survive? Not exactly!

    Instead, on Thursday morning, he declared on X that Iger should be “fired immediately” and that “Walt Disney is turning in his grave over what Bob has done to his company.”

    X content

    This content can also be viewed on the site it originates from.

    In November, Disney, along with IBM, Apple and others, pulled their advertising on X after Musk wrote, “You have said the actual truth” in response to a post accusing “Jewish communities“ of “pushing the exact kind of dialectical hatred against whites that they claim to want people to stop using against them.” Musk later apologized, saying, “It might be literally the worst and dumbest post I’ve ever done,” yet curiously, it remained on the site as of Friday:

    X content

    This content can also be viewed on the site it originates from.

    Musk bought Twitter in October 2022, and under his tutelage the company has gone from a valuation of $44 billion to $19 billion (he also, for some reason, changed the name to X). At the DealBook conference, after telling Iger and company to “fuck yourself,” Musk said: “If the company fails because of an advertiser boycott, it will fail because of an advertiser boycott. And that will be what bankrupt the company, and that’s what everybody on earth will know…. Let the chips fall where they may.”

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    Bess Levin

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  • Elon Musk: Disney CEO Bob Iger 'Should Be Fired Immediately' | Entrepreneur

    Elon Musk: Disney CEO Bob Iger 'Should Be Fired Immediately' | Entrepreneur

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    X owner Elon Musk had Disney CEO Bob Iger on his mind on Thursday, posting about him several times on X, notably saying that he “should be fired immediately.”

    A spate of advertisers, including Microsoft, Airbnb, Coca-Cola, IBM, and Disney, pulled or froze ads on X (or are considering it) after Musk endorsed an antisemitic conspiracy theory last month, per documents viewed by the New York Times.

    Last week, at the 2023 DealBook Summit in New York, Musk told former advertisers who had pulled money from X to “Go f–k yourself” before calling Iger out by name.

    RELATED: Elon Musk Gives Profanity-Laden Tirade During DealBook Interview

    “Hey, Bob,” he said from the stage.

    Earlier that day, Iger explained why Disney stopped advertising on X.

    “We just felt that the association with… Elon Musk and X was not necessarily a positive one for us,” Iger said at the event.

    Musk has been talking about advertiser losses for months. In August, he posted that the platform “may fail” due to less advertising revenue and increased competition.

    RELATED: Elon Musk Expresses Concern Over X’s Future, Says It ‘May Fail’ Amid Turbulent Year

    Other posts from Musk on Thursday aimed at Iger included several memes making fun of recent Disney box-office disappointments.

    The X posts started after news circulated that New Mexico Attorney General Raúl Torrez filed a civil lawsuit on Wednesday alleging that Meta and CEO Mark Zuckerberg’s platforms, such as Facebook and Instagram, “are not safe spaces for children” and lack “effective” age verification, per CNBC.

    Musk and Zuckerberg have had a long-standing feud that, at one point, almost landed the duo in a cage fight.

    Musk spelled Iger’s name wrong in several posts.

    “Bob Eiger [sic] thinks it’s cool to advertise next to child exploitation material. Real stand-up guy,” Musk posted.

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    Entrepreneur Staff

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