Walt disney co

(Reuters) - U.S. film production company Skydance Media on Wednesday named Walt Disney Co's <DIS.N> former animation head and co-founder of Pixar, John Lasseter, as head of its animation division. In 2017, he took a leave of absence and later left Walt Disney last year, following what he called "missteps," including unwanted hugs that made employees uncomfortable, according to a memo at the time seen by Reuters. "... We did not enter into this decision lightly. John has acknowledged and apologised for his mistakes and, during the past year away from the workplace, has endeavoured to address and reform them." Skydance Chief Executive Officer David Ellison said in a statement. Lasseter, regarded as a modern day Walt Disney because of his creativity and commercial success, directed the 1995 hit "Toy Story" and was the creative force behind movie hits like "Frozen" and "Finding Nemo". Lasseter, who will report to Ellison, will be based in Los Angeles and start later this month. … [Read more...] about Skydance hires ousted Disney animation head Lasseter

(Reuters) - Walt Disney Co <DIS.N> said on Monday Chief Executive Officer Robert Iger has agreed to certain adjustments to his compensation package, which ties his paycheck to the company's performance, as it nears the completion of its Twenty-First Century Fox <FOXA.O> acquisition.Under the new agreement https://www.sec.gov/Archives/edgar/data/1001039/000100103918000210/0001001039-18-000210-index.htm, Iger will earn no shares if the company's relative total shareholder return is less than or equal to 25 percentile of the total shareholder return of companies in the S&P 500 index."In line with the Disney Board's pay-for-performance philosophy, the amendments to Mr. Iger's contract establish more rigorous performance requirements for his equity award than those reflected in the original contract," a spokesperson of Walt Disney said. gi Under the previous compensation package, Iger was being paid up to $48.5 million in annual salary and bonuses following the Fox deal … [Read more...] about Disney amends CEO Iger’s pay package

By Jonathan Stempel(Reuters) - Walt Disney Co and Twenty-First Century Fox Inc were sued for more than $1 billion on Monday by casino operator Genting Malaysia Bhd, which accused them of abandoning a contract related to its planned construction of the first Fox-branded theme park.gi Genting said "seller's remorse" induced Fox, with Disney's help, to breach its 2013 contract with Fox Entertainment Group to license intellectual property for Fox World, a proposed addition to its Resorts World Genting complex, an hour's drive from Kuala Lumpur.Disney did not immediately respond to requests for comment. Dan Berger, a spokesman for Twentieth Century Fox Film, one of the defendants, declined to comment.The lawsuit was filed in the U.S. District Court in Los Angeles as Disney prepares to complete its $71.3 billion purchase of many Fox assets, expected in the first quarter of 2019. Genting said the problems began as Fox engineered years of delays to force a renegotiation of the contract, which … [Read more...] about Disney, Fox sued in U.S. for $1 billion over Malaysia theme park

(Reuters) - Walt Disney Co <DIS.N> on Monday received unconditional approval from China for its deal to buy Twenty-First Century Fox's <FOXA.O> entertainment assets, CNBC reported https://twitter.com/CNBCnow/status/1064546718308548615 on Monday. Disney agreed to purchase Fox's film and television assets for $71.3 billion and received approval from European Commission earlier this month, subject to certain conditions. Disney shares rose 1 percent to $117.34, while those of Fox were up 3 percent at $49.60. Disney and Fox did not immediately respond to requests for comment. (Reporting by Sayanti Chakraborty; Editing by Anil D'Silva) … [Read more...] about Disney’s Fox deal gets China’s approval