Disney CEO Bob Iger’s sprawling Los Angeles estate has been undergoing mass renovations amid a slew of shocking layoffs of a few of ESPN’s top on-air talent, The Post has learned.
About $7 million in changes have been made, in response to calculations by The Post.
Price an estimated $33 million, the seven-bedroom, nine-bathroom mansion was purchased by Iger and his journalist wife, Willow Bay, back in 1995, records show.
They bought the house for $19.5 million, and it was smaller on the time — only comprising five bedrooms.
Over time, Iger, 72, has invested hundreds of thousands more into updating and expanding the property, which sits on 2-plus acres of land.
Positioned in the distinguished Brentwood neighborhood, the most important estate occupies greater than 7,400 square feet.
The renovations include re-plastering the swimming pool and adding a spa, tearing down an old stable and constructing a latest two-story stable and storage constructing as a replacement, development records obtained by The Post show.
The sprawling estate was purchased for nearly $20 million in 2005. Berkshire Hathaway Home Services
An aerial shot of Bob Iger’s Los Angeles compound.
Google Images
Also added were a one-story attached living quarter and a latest set of stairs that runs behind the house, in addition to latest gates and a latest, two-story media room with storage.
As well as, the property received a detached covered patio, together with expansions of the primary and second floors to incorporate a big terrace that spans a further 940 square feet.
While renovating the longtime estate, Iger and Bay sold off their luxe Fifth Avenue apartment in Latest York City in 2018 for $18.75 million.
Bob Iger’s former Latest York City co-op sold for $18.75 million in 2018. Courtesy of Stribling
Iger, who made his triumphant return to Disney in November 2022 after briefly handing over the reins in 2020, holds an estimated net value of about $700 million, in response to Forbes.
Described as maintaining a “resort-like setting,” the house’s other features include a two-bedroom guest house and rolling lawns with ocean and city views.
The main bedroom comes with dual bathrooms, and there’s a separate office and gym area.
The Post has reached out to Iger’s representatives for comment.
ESPN laid off a few of its biggest stars on Friday in a purge that is anticipated to incorporate around 20 on-air personalities because the network hopes to save lots of tens of hundreds of thousands of dollars, The Post reported.
This list of dismissed sports commentators and personalities includes Jeff Van Gundy, Max Kellerman, Keyshawn Johnson, Suzy Kolber and Jalen Rose.
Disney CEO Bob Iger ordered mass layoffs at ESPN to in the reduction of on hundreds of thousands in spending. Getty Images for Disney
Jalen Rose was let go by ESPN.NBAE via Getty Images
Also on the list is “NFL Countdown” analyst Matt Hasselbeck, NFL draft expert Todd McShay, college basketball analyst LaPhonso Ellis, “SportsCenter” anchor Ashley Brewer, radio host Jason Fitz, host Jordan Cornette and baseball author Joon Lee.
Van Gundy is taken into account top-of-the-line NBA TV game analysts ever, while Johnson signed a giant contract only one 12 months ago.
Last week, The Post reported that the network was scrapping its morning radio show that featured Kellerman, Johnson and Jay Williams.
Kellerman makes within the neighborhood of $5 million a 12 months, while Johnson is within the second 12 months of a five-year deal coming in at around $18 million.
Williams has a contract that’s up at the tip of the summer.
Jaff Van Gundy, here with Mark Cuban, was laid off by ESPN.NBAE via Getty Images
The sports network is a conglomerate of Disney and Hearst Communications.
Disney previously had three rounds of layoffs, ordered by Iger, with the goal of eliminating 7,000 jobs.
“To be able to discover additional cost savings, ESPN determined it essential to show the fee management focus to public-facing commentator salaries, and that process has begun,” read an un-bylined internal network memo published Friday. “This exercise will include a small group of job cuts within the short-term and an ongoing deal with managing costs once we negotiate individual contract renewals within the months ahead.
“It’s necessary so that you can know that these are difficult decisions, involving individuals who’ve had tremendous impact on our company,” the statement continued. “They’re based more on overall efficiency than merit, and we imagine they are going to help us meet our financial targets and ensure future growth. Out of respect to all involved, we don’t plan on releasing a whole list of names.”