Ike Perlmutter Out at Disney as Marvel Entertainment is Dissolved

As part of a series of moves intended to save over $5B at Disney, the company folded Marvel Entertainment into the larger studio and laid off its chairman, Ike Perlmutter. Perlmutter took control of Marvel Entertainment in the 1990s and grew the brand by selling off live-action rights to characters such as Spider-Man to other movie studios. Since selling Marvel Entertainment to Disney in 2009, Perlmutter’s control over its output continued to wain until, in 2015, he and Kevin Feige entered into Marvel’s own “civil war.” Disney’s then-and-now-again-headman Bob Iger, sided with Feige and the rest, as they say, is history.

Well, you’d have to ask Ike about that. But let’s put it this way: He was not happy about it. And I think that unhappiness exists today.

Bob Iger on Ike Perlmutter following Marvel Studios “civil war”

Iger’s recent return to Disney almost certainly was the beginning of the end for Perlmutter who recently attempted a “shadow coup” by manipulating the board of the company. Once that failed, it put him squarely in Iger‘s sites again and was likely the last straw for the man who has found himself at odds with Marvel Studios’ decisions for the better part of a decade.

Marvel Entertainment’s President, Dan Buckley, will remain employed at Disney and continue to work with Feige.

Source: New York Times

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