Former Disney executives, backed by Blackstone Group, acquire the popular children’s media company for a reported $3 billion.
Former Disney COO Tom Staggs, former Google executive Jeff Huber, and Peter Jackson’s longtime partner Ken Kamins appointed as part of company’s continuing expansion.
Disney falls short of analyst expectations for the second quarter of 2016; discontinues ‘Infinity’ gaming line with plans to lay off 250-300 artists and other staff.
Disney board to ‘broaden the scope of its succession planning process to identify and evaluate a robust slate of candidates for consideration’ to replace CEO Bob Iger, whose contract ends in June 2018.
Disney’s senior management team now to report jointly to Disney CEO Bob Iger and newly-anointed Chief Operating Officer Thomas O. Staggs.
Construction begins at Walt Disney World Resort on a brand-new ‘Frozen’ attraction at the Norway Pavilion in Epcot.
