You may remember Disney’s boss revealing that hackers had threatened to leak one of the studio’s new films unless it paid a ransom. Bob Iger didn’t name the film, but it was thought to be Pirates of the Caribbean: Dead Men Tell No Tales. But now Iger has told Yahoo Finance: “To our knowledge we … Read more
Disney reported higher second-quarter profit Tuesday despite lower earnings at its ESPN sports network, which has been under pressure with the rise of online streaming. Net income for the quarter ending April 1 came in at $2.4 billion, up 11.4 percent from the year-ago period. Strong points included Disney’s parks and resorts business and a … Read more
The Walt Disney Company announced Thursday it was again extending chief executive Bob Iger’s contract for another year, this time to July 2019. Iger, whose contract was extended twice previously, telegraphed the move as possible last month in an earnings conference call. Future leadership of Disney has been in focus since Iger’s presumed successor Tom … Read more