Compensation package for Disney CEO Bob Chapek doubles to $32.5 million.

TWDC CEO Bob Chapek

Walt Disney CEO Bob Chapek saw his total compensation package more than double to $32.5 million, in the fiscal year 2021 compared with 2020 according to a recently published SEC filing.

Out of his total compensation package, $10.2 million came form of a stock award, and $14.3 million via the company’s non-equity incentive plan.

Chapek is about to commence the third and final year of his current contract as CEO of The Walt Disney Company. He took over for Bob Iger, who took the role of Executive Chairman before ending up his four-decade run at Disney and ABC at the end of last month.

Actor and former Disney board member Sidney Poitier dies aged 94.

Sidney Poitier KBE.

Academy Award winning Bahamian actor Sidney Poitier KBE has died at the age of 94.

Winner of the best actor Oscar in 1964 for “Lilies of the Field”, his movies included “To Sir, With Love”, “In the Heat of the Night,” and “Guess Who’s Coming to Dinner”.

He also received a Grammy Award, and Golden Globe Awards and a British Academy Film Award. Poitier was knighted by the Queen in 1974.

From 1995 to 2003, Poitier served as a member of the board of directors of The Walt Disney Company.

Former Disney CEO Robert Iger said “Sidney Poitier was the most dignified man I’ve ever met. Towering, gentle, passionate, bold, kind and altogether special.”

One of the last surviving major stars from the Golden Age of Hollywood cinema, Poitier served as Bahamian Ambassador to Japan from 1997 to 2007.

Poitier died on Thursday at his home in Los Angeles, according to Latrae Rahming, the director communications for the Prime Minister of Bahamas.

Disney to close 100 international TV channels as Disney+ hits 103.6 million global subscribers.

Disney CEO Bob Chapek

The Walt Disney Company plans to close 100 of its international television channels over the next twelve months as it takes advantage of its subscription based streaming service Disney+ TWDC CEO Bob Chapek told the JPMorgan Chase & Co technology and media conference this week.

The company closed 30 of its television channels in the Fiscal Year 2020 including all their Disney Channels in the United Kingdom.

Recently Disney has commenced the closure of its local versions of the Fox channel moving its contents to the Star brand on the Disney+ platform.

The company has also started to close its sports channels in southeast Asia where cricket coverage on the Hotstar service, available in India, has helped secure 30% of the 103.6 million global subscribers to Disney+.