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Netflix stock surges as it walks away from Warner Bros deal

Netflix’s stock is surging as investors applauded its decision to exit the race for Warner Bros Discovery, a months-long bidding war with Paramount Skydance for some of Hollywood’s most prized assets.

The stock jumped more than 10 percent on Friday. That came on the heels of Netflix’s decision on Thursday evening that it would not match Paramount’s latest $31 per share bid or raise its offer of $27.75 a share for Warner Bros’s studio and streaming assets, stating that the deal was “no longer financially attractive”.

Warner had given Netflix four business days to come up with a counteroffer for Paramount’s latest bid — but Netflix, instead, responded less than two hours later, declining to raise its proposal. It said the new price it would have to pay made the deal “no longer financially attractive”.

“We believe we would have been strong stewards of Warner Bros′ iconic brands,” Netflix’s co-CEOs Ted Sarandos and Greg Peters said in a joint statement. “But this transaction was always a ‘nice to have’ at the right price, not a ‘must have’ at any price.”

The decision was welcomed by investors. Shares of the streaming giant had shed more than 18 percent since Netflix announced its deal with Warner Bros on December 5.

The latest move is a “tick in the box” for discipline, said Ben Barringer, head of technology research at Quilter Cheviot.

“What you want from a management team is an ability to look at acquisitions, value them, pay what they think is a fair price, but to not overpay.”

Analysts and investors had questioned whether Netflix’s bid was a defensive attempt to block a future competitor or an offensive shift away from its historically disciplined build-versus-buy approach.

“A positive turn of events in our view, as we believe NFLX’s withdrawal from the race will leave it free to refocus on its business, while its closest competitors grapple with long and distracting regulatory approval and merger integration processes, and with PSKY saddled with sizable deal debts,” HSBC analysts said.

Shares of the David Ellison-led Paramount, meanwhile, were up 17 percent.

Paramount’s deal, valued at $110bn, including debt, represents nearly 13 times Warner Bros’ EBITDA – earnings before interest, tax, depreciation and amortisation or core profits – this year, according to estimates from LSEG. That is well above what Paramount is worth on the same basis, which is 7 times its estimated earnings.

A tie-up with Warner Bros would allow Paramount’s storied Hollywood studio to tap into Warner’s deep trove of intellectual property – including franchises such as Fantastic Beasts and The Matrix – across film, television and streaming.

“WBD’s largest asset is declining, and the company is still under debt from its last failed merger. But this deal is more about Ellison taking over Hollywood and ego than it is about good business sense,” said Ross Benes, senior analyst at Emarketer.

For Paramount’s streaming unit, a combination with HBO Max and Discovery+ would reshape its position in a streaming era long dominated by Netflix.

“Paramount was the streaming market laggard, and it needs Warner Bros’ content and capabilities to play catch-up. It will need more than Harry Potter for the deal to work its magic and enable Paramount to fight off Netflix, Disney and Amazon in the streaming wars,” said Dan Coatsworth, head of markets at AJ Bell.

In the fight for Warner Bros, the Paramount consortium – backed by Larry Ellison, billionaire and ally of United States President Donald Trump, and led by his son, Paramount CEO David Ellison – also boosted its termination fee to $7bn and expanded its financing commitments, including $45.7bn in equity.

“There is a right price and wrong price for any acquisition, and the pressure is now on Paramount to prove the big financial outlay is worth it,” said Coatsworth. (AlJazeera)

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BBC sorry for airing racial slur shouted by guest with Tourette’s at Baftas

The BBC has apologised for not editing out a racial slur from its Bafta Film Awards coverage after a guest with Tourette’s syndrome shouted out when two black actors were on stage.

John Davidson, whose life story inspired the film I Swear, shouted the N-word as Sinners stars Michael B Jordan and Delroy Lindo presented the first prize of Sunday’s ceremony.

The moment was not edited out of the BBC One broadcast, which was shown on a two-hour delay, and remained on BBC iPlayer on Monday morning before the ceremony was removed.

A BBC spokesperson said: “We apologise that this was not edited out prior to broadcast and it will now be removed from the version on BBC iPlayer.”

The shout was audible in the broadcast, although many viewers would have struggled to make out the word.

Conservative Party leader Kemi Badenoch said the BBC had made “a horrible mistake” by not editing it out at the time, adding: “I think an apology is important, they need to explain why it wasn’t bleeped out.”

In its statement, the BBC said: “Some viewers may have heard strong and offensive language during the Bafta Film Awards.

“This arose from involuntary verbal tics associated with Tourette syndrome, and as explained during the ceremony it was not intentional.”

The corporation declined to comment further on why it wasn’t initially edited or bleeped out.

After the ceremony, Lindo told Vanity Fair that he and Jordan “did what we had to do” as they carried on presenting the category, but also said he wished “someone from Bafta spoke to us afterward”.

In a statement, Bafta said it acknowledged the “harm this has caused, address what happened and apologise to all”.

Tourette’s is characterised by sudden, involuntary and repetitive movements or sounds, known as tics.

Between 10% and 30% of people with the condition have tics that produce socially unacceptable words such as swearing – known as coprolalia – according to the Tourette’s Action charity.

Davidson, a Tourette’s campaigner from Galashiels in Scotland, who was made an MBE in 2019, shouted loudly several times before and during the Bafta ceremony.

He said on Monday that he was “deeply mortified if anyone considers my involuntary tics to be intentional or to carry any meaning”.

“I have spent my life trying to support and empower the Tourette’s community and to teach empathy, kindness and understanding from others and I will continue to do so,” he said in a statement.

“I chose to leave the auditorium early into the ceremony as I was aware of the distress my tics were causing.”

Bafta said it took the duty of care to all its guests seriously and had started “from a position of inclusion”, taking measures to inform attendees of Davidson’s presence and that they may hear strong language.

“Early in the ceremony a loud tic in the form of a profoundly offensive term was heard by many people in the room,” the statement said.

“Michael B Jordan and Delroy Lindo were on stage at the time, and we apologise unreservedly to them, and to all those impacted. We would like to thank Michael and Delroy for their incredible dignity and professionalism.”

Bafta also thanked Davidson for his “dignity and consideration of others, on what should have been a night of celebration for him”.

“We take full responsibility for putting our guests in a very difficult situation and we apologise to all,” it added.

“We will learn from this and keep inclusion at the core of all we do, maintaining our belief in film and storytelling as a critical conduit for compassion and empathy.”

During the ceremony, host Alan Cumming referred to “some strong and offensive language” from someone with Tourette’s who therefore had “no control over their language”, adding: “We apologise if you were offended.”

Hannah Beachler, the production designer from the film Sinners, wrote on X: “The situation is almost impossible, but it happened 3 times that night, and one of the three times was directed at myself on the way to dinner after the show.

“I understand and deeply know why this is an impossible situation. I know we must handle this with grace and continue to push through.

“But what made the situation worse was the throw away apology of ‘if you were offended’ at the end of the show. Of course we were offended.”

Jordan’s former co-star on The Wire, Wendell Pierce, posted: “It’s infuriating that the first reaction wasn’t complete and full throated apologies to Delroy Lindo and Michael B Jordan.

“The insult to them takes priority. It doesn’t matter the reasoning for the racist slur.”

Oscar winner Jamie Foxx added in a comment posted on Instagram that the slur had been “unacceptable”. (BBC)

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‘One Battle After Another’ shines at 2026 BAFTA Film Awards 

Paul Thomas Anderson’s “One Battle After Another” continued its awards season streak by winning the top prize at the 79th British Academy Film Awards (BAFTAs) on Sunday, with the British awards also recognising homegrown talent across categories.

Following in the footsteps of Hollywood ceremonies last month, the BAFTAs gave the best film award to the offbeat thriller “One Battle After Another”.

Paul Thomas Anderson won the best director award for the political thriller, which has struck a chord with its portrayal of a deeply polarised United States — and also won the most prizes of the night with a tally of six.

“Unfortunately, the title makes sense,” Anderson told reporters after the ceremony. “It just does start to seem like one battle after another these days. But stay hopeful.”

Chalamet’s ping-pong drama “Marty Supreme” left the night with no awards — having been nominated in 11 categories — but Guillermo del Toro’s “Frankenstein” walked off with three wins in the technical categories.

Vampire period film “Sinners” left the night with three awards, including for best score and best original screenplay.

The BAFTA ceremony, often seen as a weather vane for the Oscars in three weeks time, recognised British and Irish talent in some of the top categories.

Loud cheers erupted in London’s Southbank Centre when British actor Robert Aramayo triumphed over established stars Timothee Chalamet and Leonardo DiCaprio to snag the best actor honour.

Aramayo, the underdog in the category, won for his portrayal of a man with Tourette syndrome in “I Swear”, inspired by the real life story of Scot John Davidson whose life was irrevocably changed by the condition.

“I honestly cannot believe I won this award. I really, really cannot,” said a tearful Aramayo, who had already won in the rising star category.

“I’m just really happy that ‘I Swear’ has shown a spotlight on something that is really, really misunderstood,” he added.

Ireland’s Jessie Buckley continued her winning streak for her heartwrenching portrayal of Shakespeare’s wife Agnes in “Hamnet”, scooping the best actress award, beating off strong competition from stars including Kate Hudson and Emma Stone

“This really does belong to the women past, present and future that have taught me and continue to teach me how to do it differently,” said Buckley, who made history as the first Irish actress to win a BAFTA in the category.

Unlike France’s Cesar Awards or Spain’s Goya Awards, which champion national cinema, the BAFTAs are open to all nationalities. As a consequence, the awards have previously faced some criticism for the American-dominated roster.

This year however, local talent got wide recognition.

“Hamnet” won outstanding British film, and Nigerian-British actress Wunmi Mosaku won best supporting actress for her role in “Sinners”.

Adapted from a novel by Maggie O’Farrell, “Hamnet” follows William Shakespeare and his wife Agnes as they navigate the loss of their son in plague-ravaged Elizabethan England.

“Sentimental Value” won in the foreign language film category, becoming the first Norwegian film to win at the BAFTAs, according to director Joachim Trier.

The intimate drama follows the relationship between two daughters and their estranged father, as he struggles to reconnect with them while making a film in their now hollowed-out family home.

“We felt ready to try to talk about family life, intergenerational trauma and all those things we don’t know how to talk about,” Danish-Norwegian filmmaker Trier told reporters.

Hollywood and British royalty were in attendance, including BAFTA president Prince William, his wife Princess Catherine, and A-listers DiCaprio, Chalamet and Cillian Murphy.

William, the eldest son of King Charles III, was the latest royal to go about business-as-usual at the end of a dramatic week that saw his uncle and ex-prince Andrew arrested.

The Prince of Wales said he was not calm “at the moment” when asked about whether he had watched “Hamnet”, according to the PA news agency.

“I need to be in quite a calm state and I’m not at the moment,” William told Elaine Bedell, chief executive of the Southbank Centre.

But even the heir-to-the-throne smiled wide as Paddington Bear came onto the stage to present the award for best children and family film. (Channels)

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FCC chair Brendan Carr says media were ‘lied to’ over Stephen Colbert controversy

The chair of the US’s top media regulator claimed on Wednesday that journalists had been tricked into covering claims by the late-night host Stephen Colbert that he had been blocked by his network from interviewing a Texas Senate candidate.

Brendan Carr, the avowedly pro-Trump chairman of the Federal Communications Commission (FCC), made his comments after Colbert accused the Trump administration and CBS of censorship.

CBS has countered Colbert’s claims in a statement, saying it had not blocked him from interviewing James Talarico, a Texas Democrat, but had merely provided legal guidance that such an interview might trigger equal time regulations that would require him to also platform Talarico’s campaign rivals.

“I think yesterday was a perfect encapsulation of why the American people have more trust in gas station sushi than they do in the national news media,” Carr said, speaking at an FCC meeting in his first public comments on the controversy. “I think you guys should feel a bit ashamed for having been lied to and then run with those lies.”

In guidance issued in January, the FCC said that daytime and late-night talkshows would not automatically be eligible for exemptions to the equal time rule, which was enacted as part of the Communications Act of 1934. Based on Colbert’s comments, CBS had faced criticism for “corporate capitulation”, as the lone Democrat on the FCC, Anna M Gomez, put it, for enforcing the rule even before the network had received a complaint.

But Carr told reporters that the FCC was simply enforcing the rules on the books. “If you have a legally qualified candidate on, you have to give comparable air time to all other legally qualified candidates, and we’re going to apply that law,” he said. “There was no censorship here at all.”

Networks can request exceptions for what are called bona fide news interviews – but Carr said that CBS and ABC’s parent company, Disney, had not done so. Late-night and daytime shows had previously operated under the assumption that host-conducted interviews with politicians would qualify for the exception, based on past precedent.

A day after his initial broadside against his bosses, Colbert on Tuesday night harshly criticized a statement released by the network that contested his version of events. In the end, Colbert aired the interview – but only on YouTube, where it has piled up nearly 6.1m views by the time of publication, far greater than the average traditional television viewership for the Late Show. The controversy has also been a boon for Talarico’s campaign, which has said it raised $2.5m in the 24 hours since Colbert’s initial comments.

On Wednesday, Carr also confirmed to the Guardian that the FCC had opened an enforcement action into ABC’s The View over an appearance Talarico made on the program earlier in the month. He declined to provide further comment on the nature of the investigation.

“Every single broadcaster in this country has an obligation to be responsible for the programming that they choose to air, and they’re responsible whether it complies with FCC rules or not, and if it doesn’t, those individual broadcasters are also going to have a potential liability,” Carr said.

But, in her own remarks, Gomez took a different approach. “This equal time rule issue is just one of a long pattern of this administration using the FCC to go after content it doesn’t like,” she said in response to a question from the Guardian. “What you are seeing is using and weaponizing our enforcement process in order to pressure broadcasters to self-censor.”

Colbert, whose show ends in May, said it was “really surprising” that CBS had not consulted him on the statement it released on Tuesday afternoon, which he said seemed to be written by a panel of lawyers. At the end of his segment, Colbert picked up a printed copy of the statement as if it was pet waste.

“Here’s where I do want to tell the lawyers how to do their jobs: they know damn well that every word of my script last night was approved by CBS lawyers who, for the record, approve every script that goes on the air,” Colbert told viewers. “They told us the language they wanted me to use to describe that equal time exception. So, I don’t know what this is about.”

While it’s unusual for a network host to criticize their employer, Colbert said he did not wish to start a war with CBS – though he did take a shot at the network.

“For the record, I’m not even mad,” he said. “I really don’t want an adversarial relationship with the network. I’ve never had one. I’m just so surprised that this giant global corporation would not stand up to these bullies.”

Gigi Sohn, who served as counselor to then-FCC chair Tom Wheeler during Barack Obama’s administration, said she was less concerned about the equal time rule than about what she fears is unequal enforcement of it to crack down on liberal media opposition to Trump.

“My feeling is that if Stephen Colbert is going to give James Talarico 20 minutes to basically give a campaign speech, then CBS should provide equal opportunity,” she told the Guardian in an interview. “In theory, I don’t oppose what he’s doing. What I worry about is that it’s going to be unevenly unenforced.”

Sohn also said that the onus was on rival candidates, not the FCC, to request and pursue the equal time opportunity.

“It’s not for the FCC to go around sniffing around what The View did three months ago,” Sohn said. “[Carr] has a tendency to start his own investigations when nobody is complaining. If Carr sets his enforcement bureau out to find liberal bias shows and starts to go after them, that’s not how the equal opportunities rule is supposed to work.”

Carr ended his comments to reporters with an attack on Colbert, who has relentlessly mocked him on his show. Carr said that Colbert sees that, with the cancellation of his show, his time in the limelight is “coming to an end”.

“That’s got to be a difficult time for him. I get it,” he said. “But that doesn’t change the facts of what happened here.” (Guardian)

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Warner Bros. blasts ByteDance for AI Videos of Superman, Batman and ‘Game of Thrones’

Warner Bros. has joined a parade of studios in blasting ByteDance for “blatant infringement” on its new AI video service, accusing the Chinese company of facilitating user-generated knockoffs of its iconic characters.

The studio’s legal counsel fired off a letter on Tuesday to John Rogovin, the general counsel of ByteDance who happens to have previously worked as general counsel at Warner Bros. The letter takes note of Rogovin’s prior service in defense of the copyrights of Superman and Batman.

“These characters are the lifeblood of the company,” wrote Wayne Smith, the executive VP of legal at Warner Bros. Studios. “ByteDance is now engaged in blatant infringement of the very same properties you spent many years protecting.”

Warner Bros. demanded that ByteDance cease training on its characters and implement guardrails to prevent further infringement.

ByteDance, the owner of TikTok, released Seedance 2.0 last week, announcing it represents a “substantial leap in generation quality” over the prior versions. Within days, social media sites were flooded with cinematic-looking clips of Tom Cruise fighting Brad Pitt, Batman fighting Spider-Man, Superman fighting Thanos, and other permutations.

Users also posted “alternate endings” to films and TV shows, including one of the HBO series “Game of Thrones.”

The Motion Picture Association and SAG-AFTRA quickly denounced the new platform, while Disney and Paramount sent cease and desist letters last week. On Monday, ByteDance pledged to implement additional safeguards “as we work to prevent the unauthorised use of intellectual property and likeness by users.”

That promise did not satisfy Warner Bros., which said in its letter that the focus on users is misplaced.

“[T]he users are not the ones at the root cause of the infringement,” Smith wrote. “They are merely building on the foundation of infringement already laid by ByteDance as Seedance comes pre-loaded with Warner Bros. Discovery’s copyrighted characters. That was a deliberate design choice by ByteDance.”

The letter cites posts on X, formerly Twitter, that include Seedance videos of characters from “The Matrix,” “The Lord of the Rings,” “Harry Potter,” “Rick and Morty,” and “Game of Thrones.” It also cites fight scenes involving Batman, Catwoman, and Superman.

Warner Bros. acknowledges that ByteDance appears to be taking steps to block text prompts involving its characters.

“While this is a promising indication that we may resolve this dispute business to business, it nonetheless begs the question why guardrails that can so quickly and easily be implemented were not present upon Seedance’s release,” the letter states. (Variety)

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Oscar-winning actor Robert Duvall dies at 95

Renowned American actor Robert Duvall has passed away at the age of 95.

His wife, Luciana Duvall, announced his death in a heartfelt statement on his Facebook page, saying he died peacefully at home on Sunday, surrounded by love and comfort.

She wrote, “Yesterday we said goodbye to my beloved husband, cherished friend, and one of the greatest actors of our time. Bob passed away peacefully at home, surrounded by love and comfort,” she wrote.

“To the world, he was an Academy Award-winning actor, a director, a storyteller. To me, he was simply everything. His passion for his craft was matched only by his deep love for characters, a great meal, and holding court.

“For each of his many roles, Bob gave everything to his characters and to the truth of the human spirit they represented. In doing so, he leaves something lasting and unforgettable to us all.

“Thank you for the years of support you showed Bob and for giving us this time and privacy to celebrate the memories he leaves behind.”

Duvall’s impressive career spanned over six decades, with iconic roles in The Godfather, Apocalypse Now, and Tender Mercies, for which he won the Academy Award for Best Actor.

He was also recognised for his performances in To Kill a Mockingbird, The Great Santini, and Lonesome Dove.

Luciana Duvall praised her husband as “one of the greatest actors of our time” and “simply everything” to her, highlighting his dedication to his craft and love for characters, food, and storytelling. (Nation)

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Trump threatens legal action against Grammy host over Epstein comment


Donald Trump threatened legal action on Monday against the host of the 68th Grammy Awards over the comedian’s comment on the U.S. president and convicted sex offender Jeffrey Epstein.

After congratulating Billie Eilish for winning the Grammy for Song of the Year for her track “Wildflower,” host Trevor Noah brought up Trump and Epstein.

“Wow. That’s a Grammy that every artist wants — almost as much as Trump wants Greenland,” he quipped, referring to the president’s threats to seize the autonomous Arctic territory.

Noah then added: “Which makes sense because, since Epstein’s gone, he needs a new island to hang out with Bill Clinton.”

Noah, who announced that this will be his final year hosting the Grammys after six turns as emcee, has been light on political commentary in previous years.

His comments drew the ire of the president, who took to his Truth Social platform first saying that the “Grammy Awards are the WORST and virtually unwatchable,” before criticizing Noah.

“I can’t speak for Bill, but I have never been to Epstein Island, nor anywhere close, and until tonight’s false and defamatory, statement, have never been accused of being there, not even by the Fake News Media,” Trump asserted.

The Republican then branded South African Noah a “total loser” who needs to “get his facts straight.”

“I’ll be sending my lawyers to sue this poor, pathetic, talentless, dope of an M.C. … Get ready Noah, I’m going to have some fun with you!” Trump added.

Trump, who moved in the same social circles as Epstein in Florida and New York, has fought for months to prevent the release of a vast trove of documents about the disgraced financier and has given varying accounts of why he eventually fell out with Epstein.

More than three million documents were released on Friday that included mention of numerous powerful figures, including the 79-year-old president, Elon Musk, Bill Gates, Bill Clinton and former prince Andrew Mountbatten-Windsor. (JapanToday)

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Ebo Taylor, Ghanaian highlife icon who collaborated with Fela, dies at 90

Ebo Taylor, the iconic Ghanaian guitarist and composer whose work helped define the highlife genre, has passed away at the age of 90.

His family announced the news on Sunday via his Instagram page, although the cause of death was not revealed.

Taylor died at the Saltpond Hospital, according to a statement from the Musicians Union of Ghana (MUSIGA).

His death came just one day after he launched the inaugural Ebo Taylor Music Festival, and exactly one month after celebrating his 90th birthday.

“The world has lost a giant. A colossus of African music,” the post reads.

“Ebo Taylor passed away yesterday; a day after the launch of Ebo Taylor Music Festival and exactly a month after his 90th birthday, leaving behind an unmatched artistry legacy. @ebo.taylor your light will never fade.”

Born Deroy Taylor in Cape Coast on January 6, 1936, he rose to prominence in the late 1950s and 1960s, an era when highlife was Ghana’s dominant musical form. Playing with leading bands like the Stargazers and the Broadway Dance Band, he gained a reputation for his distinctive guitar style and intricate arrangements.

Taylor’s six-decade career was marked by prolific innovation. He masterfully fused Ghanaian rhythms with jazz, funk, soul, and early Afrobeat, influencing generations of musicians both within Africa and beyond.

A pivotal moment came in the 1960s when he took his Black Star Highlife Band to London, leading to a historic collaboration with the legendary Afrobeat pioneer Fela Kuti.

He later led renowned groups such as the Ghana Black Star Band and the Uhuru Dance Band in Ghana, and collaborated with greats like the Apagya Show Band, CK Mann, and Pat Thomas throughout the 1970s.

While a celebrated figure in West Africa for decades, Taylor gained broader international recognition in 2010 with the release of ‘Love and Death’ on Strut Records.

This was followed by acclaimed albums including ‘Appia Kwa Bridge’ (2012) and ‘Yen Ara’ (2018). His vast catalogue of influential songs includes ‘Heaven’, ‘Atwer Abroba’, ‘Life Stories’, ‘Ayesama’, ‘Saana’, and ‘You Need Love’.

Taylor is widely regarded as one of the most influential figures in Ghanaian music history. (TheCable)

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Disney names Josh D’Amaro as new chief executive

Walt Disney has named Josh D’Amaro, the head of its amusement park business, as its new chief executive.

D’Amaro, a 28-year veteran of the company, will replace current boss Bob Iger. He is due to start in the new role on 18 March.

In selecting D’Amaro, Disney has turned to the leader of the part of its business that has delivered the most reliable profits in recent years, as the company works to find its way in the world of streaming.

The decision ends a succession puzzle for the entertainment giant, which Iger has led for roughly two decades, except for a brief interlude that ended in 2022 when the board ousted his successor and asked Iger to return.

Iger quickly set about restructuring the firm, aiming to tackle ballooning expenses in the streaming, television and film business, regain momentum for sports-focused ESPN and expand its parks and cruise lines.

In the announcement, Iger said he was “proud to step away at a moment when Disney’s future has never been brighter”.

D’Amaro joined the company in 1998 at Disneyland Resort, before rising to his current position as chairman of the Disney Experiences division, which has 185,000 employees and generated $36bn in revenue last year.

In the role, the 54-year-old oversees 12 theme parks and 54 resorts globally.

He has handled projects such as World of Frozen and Star Wars: Galaxy’s Edge, as well as managing digital ventures such as Disney’s collaboration with the firm behind Fortnite.

In an interview on CNBC, Disney board chair James Gorman said D’Amaro brought not just financial skills but “great creative touch”.

As chief executive, D’Amaro will be taking on the top role at a moment when media companies in the US are facing increased political pressure.

Disney itself has been a prime target, blasted in recent years by Republicans such as Florida Governor Ron DeSantis for promoting “woke” values.

The company most recently drew headlines when it temporarily suspended comedian Jimmy Kimmel, a decision linked to comments over the killing of conservative activist Charlie Kirk.

Disney’s parks business in the US has also drawn attention for rising costs faced by visitors, while investors have been frustrated with its share price, which has lagged that of other publicly listed firms.

Shares dipped 1% in early trading after the announcement.

D’Amaro will receive a $2.5m base salary, as well as Disney shares worth at least $26.3m annually, according to company filings. The firm has also granted him a bonus award worth $9.7m this year for the new role.

Disney also named Dana Walden, currently co-chair of its entertainment business, to a new role as chief creative officer, reporting to D’Amaro.

Walden, who is known outside of work for her friendship with former Vice President Kamala Harris, had been seen as D’Amaro’s chief rival for the top job.

Disney is trying to avoid a repeat of 2020’s botched hand-off.

That year, it also elevated the successful head of the theme parks business, Bob Chapek, to chief executive. But within weeks, the Covid-19 pandemic had forced the company to shut its doors.

His tenure was marked by strains on the content side of the business, which saw costs rise, as well as the brand’s involvement in several high-profile public clashes, including with actress Scarlett Johansson.

Analyst Paolo Pescatore warned that, despite the profits delivered by parks, the key to Disney’s success lies in its content.

“Disney can ill afford another messy handover,” he said. “While it is a strong endorsement of D’Amaro’s abilities to elevate Experiences to the fore…. he should not lose sight of Disney’s core capabilities.” (BBC)

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Gospel legend Ron Kenoly dies at 81

The celebrated American Christian worship leader, singer, and songwriter, Ron Kenoly, has passed away at the age of 81.

The news was confirmed by Bruno Miranda, Kenoly’s longtime music director, in a statement shared on the singer’s official Instagram page. The statement revealed that Kenoly died on February 3, 2026, though the cause of death was not disclosed.

Miranda, who worked closely with Kenoly for more than 20 years, described him as not only a mentor but also a spiritual father, emphasizing Kenoly’s dedication to his calling.

“This morning, Feb. 3, 2026, we said goodbye to Dr. Ron Kenoly,” the statement read.

“For over 20 years, I had the honor of walking alongside him in ministry around the world—not just as his music director, but as a son, a student, and a witness to a life marked by faithfulness. Doc was very intentional about one thing: he was never an artist, never an entertainer. He was a worship leader. And he took all the time necessary to explain what that truly meant.”

Miranda elaborated on Kenoly’s philosophy of worship, highlighting that he viewed his role as guiding people into sincere reverence for God.

“A worship leader’s calling is not to perform songs, but to lead people into true worship in the presence of a King; the King of Kings, Jesus Christ. He taught me that a worship leader is not merely a song leader, but a servant who connects with people whose hearts are open to worship, guiding them to ‘enter His gates with thanksgiving, and His courts with praise’ (Psalm 100:4, ESV). Worship, he would say, is always rooted in gratitude for what Christ has done for us, and never in anticipation of what we want Him to do.

“Off the stage, Doc carried the same integrity, humility, and reverence for God that the world saw under the lights. He taught me that worship begins long before the first note is played, shaped by obedience, character, and a deep fear of the Lord.


“Today we grieve deeply but not without hope. The worship he lived is now the worship he beholds.

“Until we meet again, my pastor, my mentor, my friend.”

Born on December 6, 1944, in Coffeyville, Kansas, Kenoly moved to Hollywood, California, after high school and later served in the United States Air Force from 1965 to 1968. During his military service, he performed with a cover band, the Mellow Fellows, which toured various military bases.

After his service, Kenoly returned to Los Angeles to pursue a full-time music ministry, eventually becoming one of the most influential figures in contemporary Christian worship music.

His breakthrough came in 1992 with the release of “Lift Him Up”, which became the fastest-selling worship album of its time.

Kenoly’s extensive discography includes:

  • Jesus Is Alive (1991)
  • Ancient of Days (1992)
  • God Is Able (1994)
  • Sing Out With One Voice (1995)
  • Welcome Home (1996)
  • High Places: The Best of Ron Kenoly (Channels)