It’s been a big couple of days for the Walt Disney Co. and its new/old C.E.O. Bob Iger, beginning a “significant transformation” of Hollywood’s largest entertainment company and fending off an insurgency from investor Nelson Peltz and his silent cohort, disgruntled Marvel chair Ike Perlmutter. So I asked my Puck partner Bill Cohan, a financial journalist and former investment banker, to join me to break it all down. Our back-and-forth on everything from the possible sale of Hulu to why Ike is so bitter in the first place, is below…

Matt: I’ve rarely been accused of drinking the Disney Kool-Aid (or is it Dole Whip?), but the much-anticipated earnings reveal yesterday seemed to hit all the right notes that Iger needed to hit. 

Bill: Sometimes it’s better to be lucky than good. It’s probably safe to say that much of what Iger reported for the fourth quarter of 2022 was already in the bag by the time of his November return. But I do give him credit for conceiving a reorganization that puts the creatives back in the driver’s seat.