Disney Under Siege | Restore the Magic | 1

Business Wars

Wondery

History, Business, David Brown, Management

4.6 • 13.2K Ratings

🗓️ 11 December 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It’s 2022 and Disney is in trouble. The combined forces of pandemic shutdowns, box-office bombs and political missteps have hammered Disney’s stock price. Marvel’s jilted former boss sees an opportunity. He allies with billionaire investor Nelson Peltz to plot a boardroom coup.

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Transcript

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0:00.0	Wonderry Plus subscribers can binge all episodes of Business Wars Disney Under Siege early and ad-free right now.
0:06.7	Join Wondry Plus in the Wondry app or on Apple Podcasts.
0:14.0	New York City, the summer of 2015.
0:27.6	Ike Perlmutter raises his eyes and looks across the dinner table at the man sitting opposite him, Disney CEO Bob Iger. Iger's flown in from California to dine with him, and his presence here has set Pearl Mudder's spidey sense tingling.
0:34.6	Pearl Mudder is the 72-year-old head of Marvel Entertainment.
0:39.3	Six years ago, Iger convinced him to sell Marvel to Disney.
0:43.3	Now, Marvel superheroes rule Hollywood.
0:47.3	But friction's growing between the two men.
0:50.3	Pearl Mutters' eyes meet with Igers.
0:52.3	So, what is it you want to discuss?
0:55.3	We need to talk about Kevin.
0:57.8	Kevin is Kevin Fige, the movie executive who turned Marvel into box office gold.
1:03.6	Hollywood loves him, but Perlmutter thinks he's a reckless spender with a liberal agenda.
1:10.0	And what about Kevin do you want to discuss?
1:13.2	You keep putting roadblocks in his way.
1:15.4	He's one of the most talented executives in filmmaking history, and you treat him like an
1:19.5	adversary.
1:20.6	You won't give him the budgets he needs.
1:22.9	Needs or wants.
1:24.8	The movie budgets are totally excessive.
1:26.9	He has to go. So you keep saying, but you never
1:29.9	have any idea who you would replace him with. I'm still looking for the right person, but that's
	...

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