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    Disney CEO Bob Iger gets contact extension to July 2019 

    By SHOOTUpdated:No Comments2307 Views
    In this Thursday, June 16, 2016, file photo, Disney CEO Bob Iger poses for selfies with visitors on the opening day of the Disney Resort in Shanghai, China. (AP Photo/Ng Han Guan, File)
    NEW YORK (AP) --

    Disney CEO Bob Iger is getting a one-year contract extension.

    The Walt Disney Co. on Thursday ended any speculation that Iger would retire this year, extending contract to July 2, 2019.

    Iger's base salary of $2.5 million will be unchanged, but he gets a $5 million signing bonus, according to filings with the Security Exchange Commission. He made a total of $43.9 million in 2016, when tacking on stock awards and other perks.

    Speculation had been swirling over whether the 66-year-old Iger would extend his contract. There's no obvious successor at Disney since Iger's heir apparent, COO Tom Staggs, left last year.

    Since taking the top role in 2005, Iger has acquired Star Wars owner LucasFilm, Pixar and Marvel and driven improvements in Disney's consumer products and parks division, most recently with the opening of Shanghai Disneyland in 2016.

    In February, Iger indicated he was amenable to extending his contract.

    "If it's in the best interest of the company for me to extend my term, I'm open to that," he said during a conference call with analysts.

    Orin Smith, the lead independent director of Disney's board, said in a statement Thursday that Iger's "strategic vision" and successful record show that it is in the best interest of Disney to keep Iger aboard while they seek his successor.

    Tags:Bob IgerDisney



    Kevin Costner to receive MPSE Filmmaker Award; Greg Hedgepath named recipient of MPSE Career Achievement honor

    Thursday, November 21, 2024
    Kevin Costner (photo courtesy of Kevin Costner)

    Motion Picture Sound Editors (MPSE) will present Oscar®-winning filmmaker and actor Kevin Costner with the 2025 MPSE Filmmaker Award, bestowed annually to a filmmaker of distinction. And supervising sound editor Greg Hedgepath will receive the Career Achievement Award for his prolific career in sound editing. Both awards will be presented during MPSE’s 72nd Annual Golden Reel Awards Gala on February 23, 2025 at the Ebell Theatre in Los Angeles.

    The MPSE Filmmaker Award is bestowed upon an individual outside the sound community whose career has demonstrated a great appreciation and understanding of the impact of sound editing. The MPSE Career Achievement Award is presented to a person whose career has made a significant impact on the sound community through exemplary work, service or leadership.

    “Kevin Costner has captivated audiences with his powerful storytelling throughout his illustrious career,” said MPSE president David Barber. “From epic Westerns to poignant dramas, his use of sound as an integral component of his cinematic storytelling has stirred our emotions and immersed viewers in the worlds he’s created for decades. This passion for sound is abundantly clear in his latest ambitious project, the Horizon saga. We are thrilled to honor him with the Filmmaker Award, recognizing his exceptional contributions to the art of storytelling through sound in film and television.”

    Barber added, “Greg Hedgepath is a true titan in the world of sound. His contributions to cinema are immense, spanning decades and encompassing a remarkable range of genres. From the heart-pounding intensity of ‘Speed’ and ‘Twister’ to the nuanced drama of ‘Selma’ and ‘Straight Outta Compton’, Greg’s work has consistently elevated... Read More

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