News

Slowing Japanese inflation complicates end of negative interest rates

Bob Iger, Disney chief executive, has shaken up the company’s live action movie studio after recent box office disappointments, including Haunted Mansion and Jungle Cruise

Sean Bailey is stepping down after 15 years as president of Walt Disney Studios Motion Picture Production, a tenure that produced successful remakes of The Lion King, Beauty and the Beast and Aladdin, the company said on Monday.

He will be replaced by David Greenbaum, president of Searchlight Pictures, which produced the Oscar-nominated film Poor Things.

Iger has acknowledged that Disney’s studios “lost focus” as the company raced to build its streaming business and has vowed to emphasise “quality over quantity”.

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