Robert A. Iger

Money Moves

Stepped down as Disney CEO on March 18, 2026; remains senior adviser to successor Josh D'Amaro. The announced $1B OpenAI equity stake was never finalized before his departure.

OpenAI previewed Sora in February 2024, then shut the consumer app on April 26, 2026 and the developer API on September 24. The math never worked: about $1 million a day in compute against $2.1 million in lifetime revenue, with monthly users below 500,000 at the end.

Updated Oct 24

Money Moves

As of August 2026: Started the A+E sale process before handing off

Disney is walking away from the cable channels that ran A&E, History and Lifetime. On August 5, it agreed to sell its 50% share of A+E Global Media to Hearst, its partner of four decades, for about $1.2 billion in cash.

Updated Aug 6

Money Moves

As of May 2026: Stepped down March 18, 2026; remains senior adviser through year-end

For 28 years ESPN was Disney's cable cash machine — a pay-TV channel that millions paid for whether they watched it or not. Disney's May 6 earnings report described something different: a standalone $29.99-a-month streaming service, an asset valued at $30 billion, and a sports network in which the National Football League now owns 10%.

Updated May 31

Money Moves

As of May 2026: Balancing an aggressive AI embrace with an aggressive legal crackdown on unlicensed AI use.

Mickey Mouse just shook hands with the algorithm Hollywood spent two years trying to tame. Disney is investing $1 billion in OpenAI, letting Sora and ChatGPT Images legally generate short videos and images of more than 200 Disney, Pixar, Marvel, and Star Wars characters — not the actors who play them.

Updated May 11