Disney Lays Off Marvel Entertainment Chairman Isaac Perlmutter19355
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| Disney Lays Off Marvel Entertainment Chairman Isaac Perlmutter By TIMOTHY ADAMS - March 29, 2023 11:53 am EDT Marvel Entertainment also includes theme parks and video games, with Dan Buckley residing as President. Disney's controversial layoffs have now hit the chairman of Marvel Entertainment. The New York Times reports Isaac (Ike) Perlmutter has been laid off, with Disney confirming the move. He was reportedly told of the layoff over a phone call that included the news that Marvel Entertainment will be folded into Disney's larger business units. Disney CEO Bob Iger started its newest rounds of layoffs earlier this week, with an estimated 7,000 jobs cut, which is about four percent of its global number. The layoffs are to help cut down the $5.5 billion needed to improve the company's financial numbers. "The difficult reality of many colleagues and friends leaving Disney is not something we take lightly. This company is home to the most talented and dedicated employees in the world, and so many of you bring a lifelong passion for Disney to your work here," Iger wrote in the memo (via Variety). "That's part of what makes working at Disney so special. It also makes it all the more difficult to say goodbye to wonderful people we care about. I want to offer my sincere thanks and appreciation to every departing employee for your numerous contributions and your devotion to this beloved company." Marvel Entertainment Folds Into Other Disney Units While many will focus on the removal of Isaac Perlmutter, there is the matter of Marvel Entertainment now folding into some of the other business units inside Disney. The first thought is Marvel Entertainment will now come under the purview of Marvel Studios. Kevin Feige, who is already the President of Marvel Studios, also holds the title of Chief Creative Officer of Marvel Entertainment, so that could be a seamless transition. Marvel Entertainment also includes theme parks and video games, with Dan Buckley residing as President. Disney Cuts Metaverse Division Months after first being announced, Disney's new metaverse division has been shuttered. As a part of the company's wide-ranging layoffs, virtually everyone at the virtual reality-based outfit has been let go. According to the initial report from The Wall Street Journal, only Mike White, head of the new division and an alum of Disney's consumer products division, remains with the company in an undetermined role. The move to sunset its metaverse efforts will see 50 employees affected by the move. The division was initially created by former Disney CEO Bob Chapek, who had hoped to get into the realm of digital spaces. "The Walt Disney Company has a long track record as an early adopter in the use of technology to enhance the entertainment experience," Chapek said in 2021. "Our efforts to date are merely a prologue to a time when we'll be able to connect the physical and digital worlds even more closely, allowing for storytelling without boundaries in our own Disney metaverse, and we look forward to creating unparalleled opportunities for consumers to experience everything Disney has to offer across our products and platforms, wherever the consumer may be." |
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 Have I told you about the time I dropped off 3,000 comics at SDCC?
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Scifinator private msg quote post Address this user | |
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 Collector
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Rafel private msg quote post Address this user | |
| Going WOKE and going BROKE. | ||
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 Captain Accident
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the420bandito private msg quote post Address this user | |
| The metaverse hahahah. What a waste of money and resources. | ||
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 It gets old smelling it everytime I go outside my door.
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Nearmint67 private msg quote post Address this user | |
| Ron DeSantis isn't finished with the mouse either. He wants more tax dollars and that may be a small part of the lay offs... | ||
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 would be nice to have a snugger fit.
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Sigur_Ros private msg quote post Address this user | |
| Aww. So anyway, what's for lunch? |
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 Beaten by boat oars
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Studley_Dudley private msg quote post Address this user | |
| Disney could save money by not producing dog shit Marvel and Star Wars products. | ||
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 If the viagra is working you should be well over a 9.8.
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xkonk private msg quote post Address this user | |
| So when half the folks here say they don't buy modern books because they're crap, he was in charge of those, right? Seems like a call for celebration. | ||
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Collector
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Rafel private msg quote post Address this user | |
Quote:Originally Posted by xkonk I don't buy moderns because I don't like the art work. It's flat and the for me nothing pops out like the older comic books. |
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Forum Crier
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OGJackster private msg quote post Address this user | |
Quote:Originally Posted by Studley_Dudley Right now I think the swag is their bread and butter. I watched Lightyear and it was CRAP! |
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 Feel free to use my post as a checklist.
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multi007 private msg quote post Address this user | |
| I’ve heard not good things about Perlmutter. LOTS of internal turmoil. | ||
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 I don't believe this....and I know you don't care that I don't believe this.
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GAC private msg quote post Address this user | |
| @multi007 He was stingy beyond belief. For movie premiers he would serve potato chips to avoid large catering bills. He once tried to get Feige fired and reportedly stated no one would notice the actor change when Cheadle replaced Howard in IM2....he is also 80 years old and a significant Disney shareholder. | ||
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 past performance is no guarantee of future actions.
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KatKomics private msg quote post Address this user | |
Quote:Originally Posted by GAC man.....hope his career and retirement plans can recover from this layoff..... |
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I don't believe this....and I know you don't care that I don't believe this.
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GAC private msg quote post Address this user | |
Quote:Originally Posted by KatKomics I'm quite certain he'll make ends meet. |
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 I've spent years perfecting my brand of assholery.
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DrWatson private msg quote post Address this user | |
| Maybe he can draw unemployment until he can land another job. | ||
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I don't believe this....and I know you don't care that I don't believe this.
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GAC private msg quote post Address this user | |
| If he's eligible, I'll bet he does. | ||
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 PLOD
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theCapraAegagrus private msg quote post Address this user | |
Quote:Originally Posted by xkonk I'm not sure exactly what his role was in the comicsphere, but he wasn't a good decision-maker for Marvel TV when it was a separate entity. |
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If the viagra is working you should be well over a 9.8.
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xkonk private msg quote post Address this user | |
| Some quotes from another story on the firing: "An irascible and unrelenting executive, Mr. Perlmutter has been seen as a distraction inside Disney for more than a decade — most recently when he pushed for a friend, the activist investor Nelson Peltz, to join the Disney board." "Mr. Perlmutter’s involvement with Marvel as a whole has greatly diminished over the years. He has not been involved with Marvel movies since 2015, when a feud with Mr. Feige over costs related to “Doctor Strange” boiled over. (Mr. Perlmutter wanted to fire Mr. Feige; Mr. Iger overruled him.) Mr. Perlmutter lost oversight of Marvel television shows in 2019. By the end, Mr. Perlmutter’s job was limited to businesses like comics publishing, which generates $40 million to $60 million in sales annually, according to analysts. (For context, Disney had about $83 billion in total revenue in 2022.) " "Mr. Perlmutter’s zeal for corporate frugality in service of profit is well known in the entertainment business. In one particularly vivid example, he used to pluck paper clips out of garbage cans at Marvel offices for reuse. People at Marvel still talk about the time he suggested serving potato chips at a movie premiere to save catering costs." (more of an aside) "Dan Buckley, president of Marvel Entertainment, will remain and report to Kevin Feige, president of Marvel Studios. Previously, Mr. Buckley reported both to him and Mr. Perlmutter." |
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