Marvel Entertainment chairman Ike Perlmutter has resigned

A Disney spokesperson confirmed to Deadline that Ike Perlmutter has left the company. Note that Permutter oversaw Marvel’s consumer products division and is not part of Kevin Feige-run Marvel Studios.

Perlmutter’s departure comes as Disney sheds 7,000 jobs as part of a major overhaul of its workforce, part of a $5.5 billion cost-cutting maneuver to further position the Mouse House for the era of streaming-obsessed entertainment. Permutter’s Marvel Entertainment will be incorporated into other parts of the Disney corporate umbrella. Perlmutter’s oversight included publishing comics (reportedly earning $40 million to $60 million annually) and licensing games and arena shows.

Marvel Entertainment president Dan Buckley will remain in office and report to Marvel Studios president Feige. Buckley previously reported to Feige and Perlmutter.

Perlmutter sold Marvel to Disney in 2009 for $4 billion, after previously running the company in the 1990s and capitalizing on the comic book label’s merchandising business.

But he hasn’t been a permanent part of the film side since he went to war with Feige Doctor Strange‘s production. Perlmutter wanted to fire Feige. Disney CEO Bob Iger said in a TV interview last month that he could not allow it.

Disney’s returning CEO told CNBC in February that he initially promised Perlmutter he could continue to run Marvel after the acquisition, “but not forever.” And in 2015, “He planned to fire Kevin Feige … and I thought that was a mistake and I stepped in to prevent it.” I think Kevin is an incredibly, incredibly talented manager, you know, Marvel’s track record speaks for itself. And so I moved Marvel film production from under Ike to the film studio under Alan Horn” (Feige reported directly to Horn, who retired from the company in 2021).

No love was lost between Perlmutter and Iger. “Let’s put it this way. He wasn’t happy about it,” Iger said.

Perlmutter, known for being spare and not afraid to speak truth to the Force, has not directed any Marvel TV shows since 2019. was looking for a council seat. When Disney turned it down, Peltz set the table for a major proxy fight and launched a massive public relations campaign questioning the company’s performance and strategy. Peltz abruptly pulled out in February when Iger unveiled a restructuring plan along with Disney’s recent earnings. The Annual General Meeting is scheduled for next week

The New York Times was the first to report Perlmutter.

Other fired executives include Rob Steffens, co-president of Marvel Entertainment, and John Turitzin, the label’s general counsel.