Kids
Walt Disney renews CEO & president Iger’s contract by 5 years
MUMBAI: The Walt Disney Company has extended the contract of its CEO and president Robert A Iger by five years. The announcement was made by the Board of Directors, citing the strong performance under Iger‘s leadership.
Iger‘s previous contract would have expired on 30 September 2010. The new contract will end on 31 January 2013.
“Bob is a talented and visionary leader, under whom Disney has posted increases in growth and profitability that have consistently exceeded expectations,” said The Walt Disney Company board of directors Jr chairman John E. Pepper. “We are confident he will continue to lead this extraordinary company and talented management team to new levels of creative and business success.”
Iger became Disney‘s chief executive on 30 September 2005. In the two fiscal years since he assumed his role, the company has posted record revenues, net income and earnings per share. In fiscal 2007, the company‘s revenue rose five per cent to $35.3 billion. Net income per share for the year excluding certain items was up 24 per cent to $1.92, stated an official release.
Iger in 2006 oversaw the acquisition of Pixar Animation Studios as part of his strategy of strengthening Disney‘s position as the worldwide leader in family entertainment.
Under Iger, Disney has also announced several initiatives like expansion of its parks and resorts businesses such as cruise ships and vacation clubs, as well as the acquisition of Club Penguin, an online virtual worlds for kids.
It has created global franchises like High School Musical, Hannah Montana and Cars, driving revenue across multiple Disney businesses, like China, India and Russia.
The Board of Directors also approved a new five year contract for senior executive vice president and chief financial officer Thomas O. Staggs to 1 April 2013.
Kids
Mukta Arts and Green Gold ink MOU to animate iconic film IPs
Kalicharan, Karz, Hero, Karma, Ram Lakhan to spawn animated shows plus features.
MUMBAI: When classic hindi movie meets animation, the result is a fresh reel of nostalgia with a cartoon twist. Mukta Arts Ltd. and Green Gold Animation have signed a Memorandum of Understanding (MOU) to collaborate on animated shows and feature films drawn from Mukta Arts’ four-decade treasure trove of iconic IPs. The partnership taps Mukta’s SGM Animation Studio launched in 2025 as its dedicated animation and games arm and Green Gold’s proven track record in building scalable, homegrown franchises. Creative teams from both sides have already kicked off discussions, with the first project currently in development.
The slate will draw inspiration from landmark Mukta films including Kalicharan, Karz, Hero, Karma, Ram Lakhan, Khalnayak, Saudagar and Iqbal, plus character-led spin-offs from those universes. The aim is to reimagine these stories for today’s young, global audiences while preserving their emotional core.
Green Gold Animation (home of Chhota Bheem) founder and CEO Rajiv Chilaka said, “This partnership with SGM Studios allows us to apply our experience in building long-lasting animation IPs to a truly iconic film catalogue. Together, we aim to create animated worlds that are rooted in these legendary stories, yet designed to connect with today’s young, global audiences.”
Mukta Arts Ltd. filmmaker and founder Subhash Ghai added, “Mukta Arts has always believed in creating stories with lasting emotional value. Through animation, we are extending our IP into a new medium for the next generation.”
In an industry where timeless tales never go out of fashion, this collaboration promises to bring beloved characters back to life with a modern, animated glow proving that some stories are too good to stay in live-action. Stay tuned for the first animated frame to drop.
