Marvel Entertainment Chairman Ike Perlmutter Cut From Company
deadline.comA Disney spokesperson has confirmed to Deadline that Ike Perlmutter is out at the company. Note, Permutter oversaw the consumer products division of Marvel, and isn’t part of the Kevin Feige-led Marvel Studios.
Perlmutter’s departure comes amid Disney cutting 7K jobs in a massive overhaul of its employee corps that’s part of $5.5 billion cost-cutting manuever to position the Mouse House even more for the streaming obsessed entertainment era.
Permutter’s Marvel Entertainment will be folded into other parts of the Disney corporate umbrella. Perlmutter’s oversight included comic book publishing (which reportedly earns $40M-$60M annually), as well as game licensing and arena shows.
Dan Buckley, president of Marvel Entertainment, will stay in place and report to Feige, president of Marvel Studios. Buckley previously reported to Feige and Perlmutter.
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