Disney's share price rose to $140 following news of the success of Avengers: Endgame, its latest release in the Marvel Cinematic Universe (MCU).
To date, the top 10 Marvel films have brought in more than $1bn each on average, supporting Disney's decision to acquire Marvel in 2009 for $4bn. Marvel was founded in 1986 as a subsidiary of Cadence Industries (it was subsequently taken over several times, and was described as a "mini-Disney in terms of intellectual property" by Greensboro-born American businessman, Ron Perelman, who won $1.5bn from Morgan Stanley in legal claims, a decision which was later reversed).
After Marvel, Disney later acquired Lucasfilm (2012) from founder George Lucas for $4bn (citing "substantial pent-up demand" for Star Wars movies, and 21st Century Fox (2019) (which owns in turn Star India, and majority owns Hulu, a low-cost streaming media subscription service and Fox Deportes, formerly Fox Sports en Espanol).
Disney Plus, a new streaming service, is also set to be launched late 2019, featuring the entire Star Wars series plus a range of Disney-owned content.
ABC Television alumnus Robert ("Bob") Iger has been CEO of Disney for over a decade, succeeding Michael Eisner in 2005, having been five years in the COO position.
Bob went to Ithaca College in New York (Tompkins County).
Bob earned a whopping $65m for being CEO in 2018. He also joined the Board of Directors of Apple in 2011 (chaired by American businessman and former CEO and later Chairman of Genentech, Arthur Levinson).
To date, the top 10 Marvel films have brought in more than $1bn each on average, supporting Disney's decision to acquire Marvel in 2009 for $4bn. Marvel was founded in 1986 as a subsidiary of Cadence Industries (it was subsequently taken over several times, and was described as a "mini-Disney in terms of intellectual property" by Greensboro-born American businessman, Ron Perelman, who won $1.5bn from Morgan Stanley in legal claims, a decision which was later reversed).
After Marvel, Disney later acquired Lucasfilm (2012) from founder George Lucas for $4bn (citing "substantial pent-up demand" for Star Wars movies, and 21st Century Fox (2019) (which owns in turn Star India, and majority owns Hulu, a low-cost streaming media subscription service and Fox Deportes, formerly Fox Sports en Espanol).
Disney Plus, a new streaming service, is also set to be launched late 2019, featuring the entire Star Wars series plus a range of Disney-owned content.
ABC Television alumnus Robert ("Bob") Iger has been CEO of Disney for over a decade, succeeding Michael Eisner in 2005, having been five years in the COO position.
Bob went to Ithaca College in New York (Tompkins County).
Bob earned a whopping $65m for being CEO in 2018. He also joined the Board of Directors of Apple in 2011 (chaired by American businessman and former CEO and later Chairman of Genentech, Arthur Levinson).
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