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Disney lays off chairman of Marvel Entertainment
2023.03.29 12:32
© Reuters. FILE PHOTO: Toy figures of people are seen in front of the displayed Disney + logo, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration
(Reuters) -Walt Disney Co has laid off Marvel Entertainment Chairman Isaac “Ike” Perlmutter as part of a cost-cutting campaign, a source confirmed Wednesday.
Perlmutter had supported activist shareholder Nelson Peltz’s unsuccessful bid to obtain a seat on Disney’s corporate board.
The executive was informed Wednesday that Marvel Entertainment, a consumer products unit run separately from Marvel Studios, would be merged into other Disney business units, according to the New York Times, which first reported Perlmutter’s ouster.
