Disney CEO Iger Extends Contract to July 2019; Successor Search Remains Ongoing
Disney CEO Bob Iger agreed to extend his contract for an additional year, pushing the expiration date to July 2019. We had expected Iger to renew his contract this summer in order to provide the board with additional time to find a successor and to soothe any investor worries about the succession process. We believe that the contract was extended for only one year in order to assuage potential candidates who might be worried about Iger retaining the role. We are maintaining our wide moat rating ...Walt Disney is an entertainment company. The company's segments are: Media Networks, which includes domestic cable networks, broadcast television network and domestic television stations, and television production and distribution; Parks, Experiences and Products, which includes theme parks and resorts, and consumer products operations; Studio Entertainment, which includes motion picture production and distribution, music production and distribution, and post-production services; and Direct-to-Consumer and International, which includes international television networks and channels, direct-to-consumer streaming services, and other digital content distribution platforms and services.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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