Marvel Entertainment Chairman Ike Perlmutter Let Go At Studio – Report Door

A Disney spokesperson has confirmed to Report Door 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.

The New York Times first broke the news about Perlmutter.