Good evening from What I’m Hearing, and happy first day of Oscar voting. As always, if this email was forwarded to you, or you haven’t yet become a card-carrying Puck member, click here.

If you’ve missed The Town, this week I discussed the state of the screenwriter with Black List founder Franklin Leonard, assessed WWE suitors with Lucas Shaw, and had Universal’s top marketer Michael Moses explain how he turned the M3GAN memes into box office. Catch up here...

Iger is a famously careful manager of his company’s image (and his own), and he’s been very clear about The Iger Narrative since he returned as C.E.O. in November: He’s giving power back to the creatives who felt marginalized by his successor/predecessor Bob Chapek. He’s comforting theme parks fans by ending fees to park at hotels and to download ride photos. He’s strolling with kids down Disneyland’s Main Street, honoring the late Barbara Walters in her ABC tribute special, and enjoying the College Football Playoff’s championship game, broadcast on ESPN, in a SoFi Stadium box (standing next to poker player Dan Bilzerian, for some reason).

And while the Disney stock chart in 2022 resembled that final drop on Splash Mountain—down 45 percent, hitting an eight-year nadir—Peltz knows this was part of an industry-wide retreat following the Great Netflix Correction...