Hollywood
Iger’s final act: Disney boss wraps up epic saga with a new captain at the helm
After 15 turbulent years, two stints in the c-suite, and billions spent on blockbuster acquisitions, Bob Iger is stepping away from the Magic Kingdom.
CALIFORNIA: The 75-year-old chief, hailed as one of the most transformative leaders in modern media, officially hands over to former parks chief Josh D’Amaro on 18 March. And this time, he’s getting the succession right.
Iger’s legacy glitters with big bets and epic wins: the $7.4bn Pixar buy, $4bn Marvel swoop, and the colossal $71bn 21st Century Fox deal. He dragged Disney into the streaming age, fought off activist investor Nelson Peltz, and saw off a political scrap with Florida governor Ron DeSantis.
But it hasn’t all been pixie dust. The forced return of Iger in 2022—after the short, shaky reign of successor Bob Chapek—tarnished an otherwise stellar run.
Now, D’Amaro takes the wheel with a streamlined leadership team and Disney firing on all cylinders. The firm’s streaming business is in the black, theme-park attendance is soaring, and five global films have hit $1billion at the box office in the past two years. Not bad for a firm that was on the ropes just months ago.
D’Amaro’s first move? A slick reorg under new president and chief creative officer Dana Walden, folding film, tv, streaming and gaming into one punchy unit. Sean Shoptaw, heading up the gaming division, now reports directly to Walden—bringing Fortnite and Epic Games collaborations closer to Disney’s creative heart.
Iger isn’t sailing off into the sunset just yet. He’ll keep busy with Angel City FC, the women’s football club he owns with his wife. And as Ann Mooney Murphy of Stevens Institute predicts: “A guy like that never truly retires.”
One era ends. Another begins. And the House of Mouse bets big on a future beyond the king.
Hollywood
Paramount eyes $24bn Gulf support to fund Warner Bros Discovery merger: Reports
Sovereign funds line up funding as media giants chase streaming scale
NEW YORK: Paramount Skydance is in talks to secure nearly $24 billion in equity commitments from Gulf sovereign wealth funds to support its planned takeover of Warner Bros. Discovery, according to a WSJ report.
The funding push comes as Paramount Skydance advances its proposed $110 billion deal for Warner Bros. Discovery, which carries an equity valuation of $81 billion and is expected to close in the third quarter of 2026.
At the heart of the financing plan are three major Gulf investors. Saudi Arabia’s Public Investment Fund is expected to contribute roughly $10 billion, while the Qatar Investment Authority and Abu Dhabi-based L’imad Holding are likely to make up the remainder.
Crucially, the proposed investments are structured as non-voting stakes. This means the Gulf backers would not have direct control in the combined entity, a move designed to ease regulatory concerns in the United States. Paramount executives reportedly do not expect the deal to trigger scrutiny from bodies such as the Committee on Foreign Investment in the United States or the Federal Communications Commission.
If completed, the merger would bring together a formidable portfolio of entertainment and news assets, including CNN and CBS. The combined entity aims to better compete in a fast-evolving media landscape where streaming platforms are steadily pulling audiences away from traditional television.
The deal reflects a broader shift in global media, where scale is increasingly seen as essential to survive the streaming wars. By pooling content libraries, technology and distribution, Paramount Skydance and Warner Bros. Discovery are betting on size and synergy to drive future growth.
The involvement of deep-pocketed Gulf investors also underscores the growing role of sovereign wealth in shaping global media consolidation, particularly at a time when high-value deals demand equally large financial backing.
With shareholder votes and regulatory milestones still ahead, the proposed tie-up remains one of the most closely watched media deals of the year. If it clears the final hurdles, it could redraw the competitive map of the global entertainment industry.
