Bloomberg has a fascinating profile the recently-returned Disney CEO that’s packed with some juicy details about Iger’s and the company’s recent struggles. Like, for example: “On Sunday, Nov. 20, 2022, hours before Chapek was due to attend an Elton John concert broadcast on Disney+, he was fired.” Rough.
He has not been appeased. At least according to this story from the Wall Street Journal.
Nelson Peltz’s Trian Fund Management has an enormous stake in Disney, and to keep Peltz appeased, Disney has done a lot this year, including looking into selling ABC and big chunks of its business in India, finding a “strategic partner” for ESPN, and folding Hulu into Disney Plus.
But unfortunately, Disney’s stock price, much like my entire retirement portfolio, has not been doing great this year. So Peltz is still looking to get some seats on the board.
It’s not the first restoration for the 1937 movie — in 1993, long before the DVD, Cinesite did a 4.7TB digitization of the film alongside a special Kodak “dustbusting” technique. But Disney says it’s using new scans of the original negatives for a new 4K UHD version, coming October 10th to disc and hitting Disney Plus on October 16th.
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Visual effects workers at Disney voted 13-0 to form a union with the International Alliance of Theatrical Stage Employees (IATSE) on Tuesday.
The 18-member division is looking for fair compensation, better health care, and retirement benefits, Variety reports. Just last month, Marvel’s VFX workers voted to unionize with the IATSE as well.
