According to this Newsweek.com article, Walt Disney Co. (DIS) CEO Rober Iger and studio chief Richard Cook fired studio president Nina Jacobson and announced Disney was slashing 20 percent of its studio staff and cutting the number of films they produce each year by a third, just weeks after the record-smashing release of the sequel "Pirates of the Caribbean:Dead Man's Chest."
The article goes on to state that as usual, Hollywood thought it was all about them. "People are concerned that if Disney is cutting back on live-action movies, then what are other companies going to do," says Jim Wiatt, chief executive of the William Morris Agency. The unflappable Iger's response: "We're focused on our own issues and strategies. If it has an effect on the industry, so be it. But it really is about us."
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