The Great British Bake Off host Alison Hammond appeared on ITV’s Lorraine on Monday
Nigella Lawson has entered the Bake Off tent(Image: Instagram/@nigellalawson)
A Great British Bake Off star has opened up about Nigella Lawson’s chemistry with Paul Hollywood.
Nigella has taken over from Prue Leith as the latest judge, where she will join Paul, Alison Hammond and Noel Fielding in the tent for the upcoming season that’s set to air later this year.
Alison appeared on ITV’s Lorraine on Monday (May 4), where she spoke to Lorraine Kelly about the new series, which has begun filming.
Lorraine said: “There’s a new judge. How’s that all going? Have you met up?”
Alison replied: “She’s so lovely. Nigella is incredible. Obviously we’ve started, so I’ve been watching.”
She added: “I’m telling you, the chemistry between her and Paul is unbelievable,” before clarifying: “Not in that sort of way!”
A picture of Paul and Nigella was then shown on screen, with Alison saying: “Don’t they look good looking?”
Lorraine jokingly added: “Do you know what, that looks like a crime scene, doesn’t it?!”
Alison continued: “But honestly, they’re so good together! I’ll be honest with you, they don’t always agree – it’s so good,” with Lorraine concluding: “No, that’s fine, and that works.”
Prue Leith announced her exit from the hit competition back in January after nine years. The 85-year-old restaurateur and broadcaster first joined the series in 2017 when it moved from the BBC to Channel 4, and has been a beloved fixture on it ever since.
In a statement, she said: “Bake Off has been a fabulous part of my life for nine years. I have genuinely loved it and I’m sure I’ll miss working with my fellow judge Paul, Alison and Noel, and the teams at Love Productions and Channel 4.”
Speaking about stepping into Prue’s shoes, Nigella said: “I’m uncharacteristically rather lost for words right now. Of course it’s daunting to be following in the footsteps of Prue Leith and Mary Berry before her, great dames both, but I’m also bubbling with excitement.”
She added: “The Great British Bake Off is more than a television programme, it’s a National Treasure – and it’s a huge honour to be entrusted with it.
“I’m just thrilled to be joining the team and all the new bakers to come, I wish the marvellous Prue all the best, and am giddily grateful for the opportunity!”
The Great British Bake Off returns to Channel 4 later this year
The collapse of the US-based budget carrier due to a doubling in jet fuel prices will cost thousands of jobs.
Published On 2 May 20262 May 2026
Low-cost US carrier Spirit Airlines has said that all of its flights have been cancelled as it started an “orderly wind-down of operations,” after a potential White House bailout fell through.
“Spirit Aviation Holdings, Inc., parent company of Spirit Airlines … today regretfully announced that the Company has started an orderly wind-down of operations, effective immediately. All Spirit flights have been cancelled, and Spirit Guests should not go to the airport,” the airline said in a statement in the early hours of Saturday.
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Spirit had 4,119 domestic flights scheduled between May 1 and May 15, offering 809,638 seats, according to the latest data from Cirium.
The collapse of the carrier due to a doubling in jet fuel prices during the two-month-old Iran war will cost thousands of jobs. It is also a blow to US President Donald Trump, who had proposed $500m to save Spirit despite opposition from some of his closest advisers and many Republicans in Congress.
Spirit had reached a deal with its lenders that would have helped it emerge from its second bankruptcy by late spring or early summer. But those plans derailed after the US war on Iran triggered a spike in jet fuel prices, upending Spirit’s cost projections and complicating its bankruptcy exit.
A Spirit board meeting had ended without an agreement to rescue the company, a person close to the discussions told the Reuters news agency late on Friday.
“Unfortunately, despite the Company’s efforts, the recent material increase in oil prices and other pressures on the business have significantly impacted Spirit’s financial outlook,” Spirit said in a statement announcing its “orderly wind-down”.
Trump on Friday said the White House had given Spirit and its creditors a final rescue proposal, after talks hit an impasse over a $500m financing package that would have helped the airline keep operating through bankruptcy.
“If we can help them, we will, but we have to come first,” Trump told reporters. “If we could do it, we’d do it, but only if it’s a good deal.”
Spirit’s restructuring plan assumed jet fuel costs of about $2.24 a gallon in 2026 and $2.14 in 2027, but prices had climbed to about $4.51 a gallon by the end of April, leaving the carrier unable to survive without new financing.
Transportation Secretary Sean Duffy told Reuters he had tried to get many airlines to buy Spirit but found no takers. “What would someone buy?” Duffy asked. “If no one else wants to buy them, why would we buy them?”
A creditor close to the deal said, “The Trump administration made an extraordinary effort to try and save Spirit, but you can’t breathe life into a corpse. Given that, the company should make its intentions clear for the sake of its customers and employees.”
No US carrier of Spirit’s size – it accounted for 5 percent of US flights at one point – has liquidated in two decades. Spirit helped keep fares lower in markets where it competed against major carriers.
Its collapse shows how the Iran war’s fuel-price shock has exposed weaker airlines. Across the globe, airlines have been increasing prices to reflect the high cost of jet fuel and some airlines have also cut flights.
German airline Lufthansa last month said it cancelled 20,000 flights in a bid to protect itself from the soaring cost of oil.
On Friday, Indian carrier Air India also said it has increased fuel surcharges on all flights and said it will cut 100 flights a day across domestic and international routes.
Ukraine used its latest technology to deepen strikes against Russian oil storage, ports and refineries in the past week, bombing targets in the Urals 1,600 kilometres (990 miles) from its borders and prompting protests about “terrorist attacks” from the Kremlin spokesman.
President Volodymyr Zelenskyy on Wednesday announced “a new stage in the use of Ukrainian weapons to limit the potential of Russia’s war”.
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The Ukraine Security Service (SBU) later clarified it had struck Transneft’s oil pumping and distribution facility in the city of Perm that day, from where oil was pumped to the Perm refinery and via pipeline in four directions across Russia.
(Al Jazeera)
The facility is “a strategically important hub of the main oil transportation system”, said the SBU, and preliminary information suggested that “almost all oil storage tanks are on fire”.
Russia’s Ministry of Defence confirmed the strike and said it had downed 98 Ukrainian UAVs across various regions.
“The Urals are now within reach, be vigilant,” wrote Russia’s presidential envoy to the region, Artem Zhoga.
Ukraine’s campaign has begun to elicit reactions from the Russian government.
Kremlin spokesman Dmitry Peskov called the attacks on oil facilities “terrorist attacks”.
(Al Jazeera)
A Russian Defence Ministry announcement – that military cadets and a column of equipment would not take part in this year’s Victory Day parade commemorating the end of World War II “due to the current operational situation” – was also widely interpreted as a precaution against potential Ukrainian drone strikes.
Ukraine’s strikes are part of a strategy of depriving Russia of windfall profits from soaring oil prices due to the closure of the Strait of Hormuz.
Zelenskyy said Russian internal documents seen by his foreign intelligence service admitted that Ukraine had deprived oil offloading ports of much of their capacity.
A resident walks at the site of a Russian drone attack in Dnipro, Ukraine, April 30, 2026 [Reuters]
Primorsk and Ust-Luga on the Baltic Sea had lost 13 percent and 43 percent of capacity, respectively, and the Black Sea port of Novorossiysk 38 percent.
“We believe that such internal Russian data may be underestimated,” Zelenskyy said.
The internal figures roughly agree with a Reuters March estimate that Russia had lost approximately 40 percent of its export capacity.
That translated into revenue losses of $2.3bn in March, Zelenskyy estimated.
(Al Jazeera)
The Institute for the Study of War, a Washington-based think tank, said that Ukraine had likely conducted at least 18 strikes against Russian oil infrastructure in April.
Kyiv’s attacks have been “steadily increasing the range, volume, and intensity” with “outsized impacts on Russian oil exports”.
Ukraine struck other oil and military targets during the past week.
On April 23, it damaged three storage tanks at the Gorky oil pumping station in Nizhny Novgorod and struck the Novokuibyshevsk petrochemical plant in Samara.
The next day, it destroyed two production facilities at the Atlant-Aero factory in Taganrog, Rostov, which builds the Molniya drones used to attack Ukrainian cities.
A serviceman of the Ukrainian Armed Forces installs anti-drone nets over a road near the front-line town of Druzhkivka in the Donetsk region, Ukraine, April 28, 2026 [Serhii Korovainyi/Reuters]
On Sunday, Ukraine struck the Yaroslavl oil refinery, and on Tuesday, they struck the Tuapse oil refinery on the Black Sea for the third time this month. Even before this latest strike, at least 24 oil storage tanks at the site had been destroyed, said Ukraine’s head of the Center for Countering Disinformation, Andriy Kovalenko.
Russian President Vladimir Putin dispatched his Civil Defence, Emergencies, and Disaster Relief minister, Alexander Kurenkov, to oversee the response personally.
An emerging air power
Ukraine has been developing its own long-range strike capabilities and devotes 20 percent of its defence resources to new technologies, said Defence Minister Mykhailo Fedorov.
One of its leading drone manufacturers, Wild Hornets, recently said a drone operator had used its remote piloting system to fly a Sting interceptor drone at a distance of 2,000km (1,240 miles).
On April 23, Fedorov said Ukraine had successfully tested remote control technology that enabled pilots to operate from the relative safety of Kyiv or Lviv, “at distances of hundreds and thousands of kilometres”.
(Al Jazeera)
Ukraine is now touting its battlefield innovations in Saudi Arabia, Qatar and the United Arab Emirates in the wake of Iran’s attack on the Gulf nations.
Zelenskyy met Saudi Crown Prince Mohammed Bin Salman in Riyadh on April 24 to discuss “the export of our Ukrainian security expertise and capabilities in air defence”.
Days later, he said Kyiv produces as many as twice the number of certain types of weapons as the military needed, and that “Ukrainian companies will get a real opportunity to enter the markets of partner countries, provided that our military have the right to take the necessary amount of weapons first”.
The burgeoning relationship with the Gulf, he said, had invoked Moscow’s concern.
“Russia is particularly irritated by our contacts in the Middle East and the Gulf region,” he told Ukrainians on Wednesday.
More surprisingly, he said some allies, too, were irritated by the competition.
“We are also aware of the complex attitude of some of our other partners towards this – partners who would prefer to limit our state’s independence,” Zelenskyy said in an evening video address. “We consider this their mistake.
Rally outside a Catholic basilica in Zulia state. (Prensa Presidencial)
Mérida, April 20, 2026 (venezuelanalysis.com) – The Venezuelan government launched a “Great National Pilgrimage” to oppose economic sanctions on Sunday, April 19, coinciding with the 216th anniversary of the country’s declaration of independence.
The nationwide mobilization seeks to channel popular opposition to the US-led economic blockade into a sustained, nationwide movement.
The pilgrimage was inaugurated in three Venezuelan regions, with a calendar of marches, assemblies, and cultural activities covering the remaining 21 states before a closing event in Caracas on April 30.
In western Zulia state, Acting President Delcy Rodríguez led a rally through the streets of Maracaibo. Addressing a crowd, Rodríguez linked the historical struggle for independence to the modern-day resistance against Washington’s unilateral coercive measures.
“It is a date that marks the first cry for independence from a united people, and so, beginning with that historic date, I feel compelled to embark on this pilgrimage,” she declared to the crowd.
Venezuelan leaders have sought to highlight the impact of unilateral coercive measures on living standards and public services to push for their withdrawal.
“We want Venezuela to be free of sanctions, so that it can grow without restrictions,” Rodríguez affirmed at the Zulia rally. “I am speaking to the people of the United States, Europe, and the governments of those countries. Please stop levying sanctions against the Venezuelan people.”
In Puerto Ayacucho, Amazonas, National Assembly President Jorge Rodríguez led a parallel mobilization on Sunday. He emphasized that the pilgrimage is not merely a political event but a “spiritual and national defense” of the country’s right to self-determination. The campaign’s launch in border states highlighted the disruptions to public services that are generally more acute away from the capital and surrounding areas.
The government’s initiative was also backed by sectors of the moderate opposition. Timoteo Zambrano, deputy from the Democratic Alliance, vowed that his political faction would participate in the pilgrimage.
“[Pilgrimage] is a deeply religious term that unites the world’s religions. We are witnessing a new moment to fight together against sanctions and the blockade,” he said in a press conference in Caracas on Saturday.
For his part, Acción Democrática Secretary-General Bernabé Gutiérrez claimed that Caracas must ask the Trump administration to release proceeds from oil exports “so they reach the state coffers and allow for the solution of our problems.”
Since January, the White House has imposed control over Venezuelan crude sales, with Venezuela-owed royalties, taxes, and dividends mandated to be deposited in US Treasury-run accounts before being returned to Caracas at US officials’ discretion.
The “Great National Pilgrimage” takes place against a backdrop of nearly a decade of economic pressure from Washington. The first Trump administration launched a “maximum pressure” campaign in 2017 with the goal of triggering regime change.
US Treasury sanctions targeted multiple economic sectors, from mining to banking, and particularly targeted the oil industry, causing an estimated US $25 billion in yearly revenue losses. The blockade also effectively gridlocked Venezuela from international credit markets and saw Venezuelan foreign assets frozen and seized.
Since the January 3 US military attacks and kidnapping of President Nicolás Maduro, Caracas and Washington have fast-tracked a diplomatic rapprochement. Acting President Rodríguez has struck a conciliatory tone toward the US, recently thanking Trump and US officials for their efforts in reestablishing “cooperation.”
The US Treasury Department has maintained wide-reaching sanctions in place but issued a series of general licenses in the hydrocarbon, mining, and banking sectors, allowing Western entities to deal with Venezuelan counterparts under restricted conditions.
1 of 5 | On April 18, 1775, U.S. patriot Paul Revere began his famous ride through the Massachusetts countryside, crying out “The British are coming!” to rally the minutemen. File Image courtesy of the Library of Congress
April 18 (UPI) — On this date in history:
In 1506, the cornerstone was placed for St. Peter’s Basilica in Rome.
In 1775, U.S. patriot Paul Revere began his famous ride through the Massachusetts countryside, crying out “The British are coming!” to rally the minutemen.
In 1906, an earthquake estimated at magnitude-7.8 struck San Francisco, collapsing buildings and igniting fires that destroyed much of what remained of the city. Researchers and historians concluded that about 3,000 people died in the quake and its aftermath, and roughly 250,000 were left homeless.
In 1923, the original Yankee Stadium opened in New York. The stadium was demolished in 2010 after it was replaced a year prior by the new Yankee Stadium.
File Photo by Monika Graff/UPI
In 1942, Lt. Col. James Doolittle led a squadron of B-25 bombers in a surprise raid against Tokyo in response to the Japanese sneak attack on Pearl Harbor on Dec. 7, 1941.
In 1945, U.S. journalist Ernie Pyle, a popular World War II correspondent, was killed by Japanese machine-gun fire on the island of Ie Shima in the Pacific.
In 1949, the Republic of Ireland formally declared itself independent from Britain.
In 1968, McCulloch Oil Corp. paid $2.24 million to buy London Bridge, which was sinking into the Thames under the weight of 20th century traffic. The oil company rebuilt the bridge bloc by block over Lake Havasu in Arizona.
In 1980, Rhodesia became the independent African nation of Zimbabwe.
In 2014, an avalanche on what is known as a particularly dangerous route to the top of Mount Everest in the Himalayas killed 16 Sherpa guides.
In 2018, the first movie theaters in Saudi Arabia opened with a public screening of Black Panther.
In 2024, police arrested more than 100 protesters at Columbia University for refusing to leave a large pro-Palestinian encampment on campus. The incident sparked more protests at the school and other campuses across the country.
The Walt Disney Co. has begun a broad round of layoffs, which will result in 1,000 jobs being cut across multiple divisions within the Burbank entertainment giant.
The layoffs, which began Tuesday, will ripple across Disney’s television and movie studios, sports giant ESPN, its product and technology unit, corporate functions and marketing, according to a person familiar with the retrenchment but not authorized to comment.
Chief Executive Josh D’Amaro notified Disney staff members about the looming cuts on Tuesday morning. In the message, viewed by The Times, D’Amaro acknowledged the elimination of roles would be difficult.
The move follows Disney’s announcement in January that it would consolidate Disney’s sprawling marketing division.
“Over the past several months, we have looked at ways in which we can streamline our operations in various parts of the company to ensure we deliver the world-class creativity and innovation our fans value and expect from Disney,” D’Amaro said in the note.
“Given the fast-moving pace of our industries, this requires us to constantly assess how to foster a more agile and technologically-enabled workforce to meet tomorrow’s needs,” D’Amaro wrote. “As a result, we will be eliminating roles in some parts of the company and have begun notifying impacted employees.”
After officially taking the reins, D’Amaro told employees he wants the company — which includes film and TV studios, a tourism division, streaming services and live sports programming — to operate as “one Disney,” saying the global businesses all play a role in deepening consumers’ relationship with the brand and its characters.
Traditional entertainment companies have been reeling from the steady erosion of what was once an economic pillar — programming fees from ESPN, Disney Channel and other popular outlets.
Disney erased at least 8,000 jobs after D’Amaro’s predecessor, Bob Iger, returned for his second stint as CEO in November 2022. Iger determined that Disney was cranking out too many TV shows and made-for-streaming movies, many of which didn’t live up to the company’s high standards of quality and diluted its blockbuster franchises.
This year, the company has been centralizing its operations, including folding its marketing for entertainment, sports and experiences into a single division that reports to Asad Ayaz, its chief marketing officer.
The streamlining is a way to reduce expenses and better organize a sometimes confusing reporting structure.
“Despite these difficult decisions, I remain optimistic about where we’re headed as a company,” D’Amaro said in Tuesday’s note.
“Compassion and respect remain at the heart of our company,” D’Amaro wrote. “As we move forward through this transition, our priority is to support those impacted and help each person navigate what comes next with resources, guidance, and direct support.”
“I’m deeply grateful for all of your contributions and for the dedication, professionalism, and care you bring to your work each day,” D’Amaro said. “Even in challenging moments, you continue to demonstrate what makes Disney so special.”
Celebrations have erupted in Iraq’s capital, Baghdad, following the announcement of a two-week ceasefire between Iran and the United States. Iraq had been pulled into the war with pro-Iran armed groups and US forces carrying out attacks on each other.
The first tranche of these – 1,000 of them – were meant to be created this summer. But the government has now withdrawn those after the BMA announced it was taking strike action. It comes after 30,000 applicants applied for 10,000 jobs last summer, although some of these were foreign doctors.
In March, Bad Bunny performed his first-ever concert in Asia when he played in from of 2,300 fans in Tokyo as part of Spotify’s Billions Club Live series.
Starting April 8, a filmed version of that performance will be available on Spotify for the “Nuevayol” artist’s millions and millions of fans not in attendance.
The show, officially titled “Billions Club Live With Bad Bunny: A Concert Film,” was billed as a special stop in the Grammy-winning performer’s “Debí Tirar Más Fotos World Tour” — which kicked off with a November concert in the Dominican Republic and has since sold out stadiums across Latin America and Australia. He notably didn’t include dates in the United States as part of the tour.
Footage of the Japan concert swept social media, as it showed Bad Bunny doing a never-before-seen salsa rendition of his 2018 collaboration with Drake. He also notably sang his 2021 single “Yonaguni,” which features lyrics in Japanese.
Bad Bunny’s generational run looks to have no immediate end in sight, as he will kick off the European leg of his world tour with a May performance in Portugal before making stops in Spain, England, Sweden, France, Poland and Italy.
But the “Dakiti” artist’s newsworthy year hasn’t been limited to the music world.
In February, it was announced that Bad Bunny will star — alongside Academy Award-winning actor Javier Bardem and multiple-time nominees Edward Norton and Viggo Mortensen — in Puerto Rican rapper Residente’s directorial debut, “Porto Rico.” The film, which has yet to announce a release date, will explore the complicated colonial history of Puerto Rico through Western/historical drama storytelling devices.
St. John Bosco, the new No. 1 high school baseball team in Southern California after taking two of three games last week from the previous No. 1 team, Orange Lutheran, could end up facing the Lancers (8-3) again at this week’s Boras Classic if both teams make it to Friday’s final at Mater Dei.
St. John Bosco, however, is in the toughest part of the 16-team Boras Classic bracket. The Braves (11-3) face a big challenge in their opener on Tuesday at 9 a.m. at Mater Dei against 12-1 Norco, which has the option of throwing either sophomore star Jordan Ayala or senior Landon Hovermale.
Also on St. John Bosco’s side is Huntington Beach and star pitcher Jared Grindlinger. The Oilers open at noon against Los Osos at Mater Dei.
Orange Lutheran plays Fountain Valley in a 9 a.m. opener at JSerra. Corona could be strongest challenger on Orange Lutheran’s side and plays JSerra in a 6 p.m. opener on Tuesday.
Quarterfinals are Wednesday and semifinals are Thursday.
This is a daily look at the positive happenings in high school sports. To submit any news, please email eric.sondheimer@latimes.com.
March 30 (UPI) — Some employees of the Transportation Security Administration started getting back pay that they’re owed for the partial government shutdown Monday, easing long lines at airports.
“Most TSA employees received a retroactive paycheck today that included at least two full paychecks covering pay periods 4 and 5 today,” Department of Homeland Security Acting Assistant Secretary of Public Affairs Lauren Bis told USA Today on Monday. “A small population might see a slight delay due to a variety of reasons, including financial institution processing times or issues with their direct deposit. We are working aggressively with USDA’s National Finance Center to complete processing for the half paycheck they are owed from pay period 3 as soon as possible.”
“Working without pay forced more than 500 officers to leave TSA and thousands were forced to call out,” Bis added.
Democrats have refused to vote for any package that doesn’t rein in Immigration and Customs Enforcement and Border Patrol. On Friday, the Senate voted unanimously to pass a measure that would fund Homeland Security but not ICE and Border Patrol. But the House rejected it, saying it wouldn’t pass it if ICE isn’t included.
In response, President Donald Trump ordered that TSA workers get paid through other Homeland Security funding. That pay is temporary. Congress began a two-week recess on Friday. They return April 14.
Angela Grana, regional vice president of the union that represents TSA workers at 38 airports in the Rockies, told USA Today that she got paid for working 200 hours. She said the overtime and holiday hours she worked didn’t appear to have been counted properly, and that she believed she was taxed at a higher rate than usual because of the lump-sum payment.
“This is all back pay. That doesn’t tell me I’m going to get paid in the future,” she said.
By late Monday morning, TSA lines were down to less than 30 minutes at most major airports, CNN reported.
George Bush Intercontinental Airport in Houston had 75-minute security lines before dawn Monday. Hours later, that number dropped to as low as 9 minutes.
At Hartsfield-Jackson Atlanta International Airport Monday, travelers waited 3 minutes.
About 500 workers, or about 0.82% of total personnel of 61,000, have quit since the partial shutdown began.
Atlanta TSA officer Aaron Barker told CNN he believes the number of agents will keep dropping.
“I do think that there’s going to be a mass exodus of officers,” Barker, the president of the American Federation of Government Employees Local 554, told CNN.
“Officers have gone into debt. Credit has been shot,” he said. “Officers have been evicted. Cars have been repossessed.”
“Back pay is not going to address [the] systemic issues,” he said. In the past five months, “We have been shut down 50% of the time.”
“This is a natural disaster that was caused by Congress,” said Johnny Jones, secretary-treasurer of the American Federation of Government Employees, which represents TSA workers.
“The vast majority are devastated,” he said. “My colleagues, they’re like, ‘Our finances are ruined.'”
Walt Disney Co. installed Josh D’Amaro as chief executive Wednesday, beginning a new chapter for the storied Burbank entertainment giant.
Bob Iger passed the reins during Disney’s virtual annual meeting of shareholders, completing the company’s high-stakes and tightly choreographed changing of the guard. After spending two decades molding Disney into a media colossus, Iger segued into a senior advisory role, which will run through December when he officially retires.
The leadership shift comes amid an upheaval in Hollywood as traditional companies wage a desperate battle for survival.
D’Amaro, in his first address to shareholders, pointed to Disney’s signature storytelling as its competitive edge.
“While others in our industry are consolidating just to compete, or struggling to be relevant in a fragmented and disrupted world, Disney is in a category of one,” D’Amaro said during a video segment at the meeting. “This next chapter will be driven by staying focused on world-class creativity, enhanced by technology, bringing unforgettable stories to audiences wherever they are.”
D’Amaro, 55, becomes the ninth leader in Disney’s 102-year history. He was selected last month by Disney board members after a two-year internal bake-off among high-ranking division leaders. Board members were impressed with his business acumen, charisma and his deep love for Disney and its fabled history.
D’Amaro inherits a company that is beloved by millions. It generates $94 billion a year in revenue and employs 230,000 people.
He faces enormous challenges as he steers the ship through a turbulent media environment and tense geopolitics. The war in Iran prompted a sharp increase in fuel costs, which could become a drag on Disney’s critically important tourism business. Executives already have signaled “headwinds” in international visitation at its U.S. theme parks this year.
Lingering Middle East tensions also could weigh on Disney’s plans for a new Persian Gulf waterfront theme park and resort near Abu Dhabi.
D’Amaro, who served as parks and experiences chief until Wednesday, got his corporate start at Disneyland 28 years ago.
“Like so many of you, my connection to Disney goes back to my childhood, long before I began my career here,” D’Amaro told shareholders. “I grew up in a Disney family. We watched ‘The Wonderful World of Disney’ on Sunday nights. I was 10 years old when my family visited Disneyland for the first time. … Disney has always been a place of imagination, innovation and infinite potential.”
Disney previously announced a $60-billion, 10-year expansion program, which D’Amaro has led. But executives must strike a balance by keeping attractions true to their nostalgic core. In Anaheim, the expansion could result in at least $1.9 billion of development.
Disney also must continue to grow its animation business and manage revenue declines from its traditional linear television channels, including ESPN and ABC. It needs to turbocharge its streaming services with compelling movies and TV shows to remain competitive with Netflix and other leaders in the field.
Disney teased upcoming fan favorites, including the May release of Lucasfilm’s “Star Wars: The Mandalorian & Grogu,” a “Bluey” feature film (the kids show featuring an animated puppy, a blue heeler) and a sequel to a “Lilo & Stitch” film for 2028.
Streaming is key to Disney’s future, D’Amaro said.
“Disney+ will continue to evolve beyond a traditional streaming service to become the digital centerpiece of our company,” D’Amaro said, calling the service “a portal that connects our stories, experiences, games, films, and more in entirely new ways.”
The company plans to unify Disney+ and Hulu later this year.
Disney also must continue to incorporate technology while safeguarding its characters and franchises.
“We will continue to develop and embrace new technologies to empower our storytellers — but never at the expense of our characters and worlds, our creative partners, or the trust people place in us,” D’Amaro said. “Because Disney at its core is a company that celebrates human creativity.”
Wednesday also marked a reorganization of the company, configured by Iger, D’Amaro and Disney’s board.
Board members recognized that D’Amaro, who has spent most of his career in the parks division, lacks deep connections among Hollywood’s writers and producers. They elevated longtime television executive Dana Walden, who had been vying for the top job, to the newly formed role of chief creative officer and the company’s first woman president.
ESPN will continue to be managed by Jimmy Pitaro and Disney Entertainment, Studios chairman Alan Bergman will remain in his influential role overseeing film studios including production, marketing and distribution, and sharing oversight for streaming programming with Walden.
D’Amaro’s total compensation package is valued at about $40 million a year, including a $2-million annual base salary, $26.2 million in annual long-term stock incentives, a cash bonus and a one-time promotion award of $9.7 million.
“Josh is a wonderful choice to lead the Walt Disney Co.,” Iger said in a pre-recorded video. “He has passion for our businesses and brands, respect for our people, and he appreciates what makes this company so unique.”
Iger is wrapping up an unprecedented 52-year career at ABC and Disney.
He first stepped into the CEO role in 2005; his first 15 years were almost magical.
Iger led acquisitions of Pixar Animation, Marvel Entertainment and Lucasfilm, the studio behind “Star Wars,” that turned Disney into a blockbuster machine. Sports king ESPN spawned staggering profits, and Disney’s theme parks set industry standards.
Disney’s former Chief Executive Bob Iger will stay on through the end of the year as a senior advisor.
(Jay L. Clendenin / Los Angeles Times)
His decision to buy much of Rupert Murdoch’s 21st Century Fox, a $71-billion deal that closed in 2019, boosted Disney’s television production, refreshed its TV executive bench, and provided a controlling stake in general entertainment streaming service Hulu. The acquisition also gave Disney access to fan-favorite franchises, including “Deadpool,” “The Simpsons,” and James Cameron’s “Avatar.”
But the purchase left Disney saddled with debt just as the COVID-19 pandemic prompted production shutdowns and closures at theme parks and sports venues. It would take several years for Disney to recover.
Iger initially passed the CEO baton to Bob Chapek in February 2020. Iger, then chairman, retired the following year but came back in November 2022 to a mess. At the time, the company was losing billions of dollars on its shift to streaming but that unit is now profitable.
Iger spent the next three years focusing on four business pillars, including improving the quality and profitability of its film studios.
During the last two years, Disney has produced five franchise films that racked up more than $1 billion in worldwide ticket sales, including “Inside Out 2,” “Zootopia 2,” and “Avatar: Fire and Ash.”
The company is banking this year on several other films with blockbuster potential, including Disney and Pixar’s “Toy Story 5,” “Star Wars: The Mandalorian & Grogu” and Marvel Studios’ “Avengers: Doomsday.”
“I would want to be known as someone who was given the keys to this kingdom and brought it to a place that even Walt would be proud of — more storytelling, more innovation, more risk‑taking, and more creation of happiness,” Iger said during a “The Rest is History” podcast last year.
During the meeting, Iger appeared in a prerecorded video that celebrated his numerous career highlights. Shown were clips from his cub years when Iger was a newscaster with bushy black hair. His journey was depicted, including his orchestration of multi-billion-dollar acquisitions that strengthened Disney with more characters and franchises.
Iger, 75 and now gray, ended by thanking shareholders “for the trust you placed in me, for the memories we created together, and for allowing me the honor of serving,” he said. “It has meant more to me than I can say.”
Animated pixie dust twinkled on the screen, courtesy of the fairy, Tinker Bell.
“Bob, on behalf of our employees, cast members, shareholders, and fans around the world, thank you so much for your tremendous leadership, your steadfast support, and your countless contributions to The Walt Disney Co.,” D’Amaro said, as the hand-off was complete.
“You’ve set an incredible example for all of us. … You will be missed,” D’Amaro said.
There was little fanfare during the business portion of the investor meeting.
The company’s slate of board directors were elected with 93% of the vote. Shareholders also approved executive compensation packages with about 85% of votes.
Shareholder-led proposals to compel reports on charities eligible for Disney’s gift-matching program, a review of the company’s accessibility practices in its theme parks for disabled guests, and a push for cumulative voting at future meetings all failed to muster support.
Disney shares closed at $99.41, down roughly 1% on the day.