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Bob Chapek ousted from Disney CEO role, Bob Iger returns

PTBoardOp94

PTBoardOp94

Disney's board of directors this evening announced Bob Chapek has resigned as CEO, and Bob Iger, who served in the role for most of the 2000s and 2010s until his retirement will return until the end of 2024.

www.cnbc.com

Bob Iger returns as Disney CEO effective immediately

Bob Iger is back as CEO of Disney. Bob Chapek, who replaced Iger in 2020, is out after a brutal earnings report that sowed further doubt about his leadership.
www.cnbc.com www.cnbc.com

I'm sure there will be more published, as far as how this came to pass.
 
Y2kTheNewOldies said:
Dang but then again Bob Chapek was being dragged into political situations in Florida earlier in the year.
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Some stockholders felt it was the other way around, and that Chapek put the company in a bad situation.

I expect that Iger will look to mend fences in some way with the state.
 
Let's face it: Bob Chapek was fired.

And as Bob Iger will only be CEO of Disney until the end of 2024, will that be enough time for him to turn around the company?

Or might the Disney board ask him to stay on as CEO past December 31st, 2024?
 
Joseph_Gallant said:
Or might the Disney board ask him to stay on as CEO past December 31st, 2024?
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Several investment websites are talking about Iger being the last Disney CEO ever after he negotiates a sale to Apple. Apple has over $200 billion in cash and salable investments it can sell to purchase Disney which is currently valued at $180 billion.
 
DavidEduardo said:
Several investment websites are talking about Iger being the last Disney CEO ever after he negotiates a sale to Apple. Apple has over $200 billion in cash and salable investments it can sell to purchase Disney which is currently valued at $180 billion.
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I see Iger as more of a buyer than a seller.
 
TheBigA said:
I see Iger as more of a buyer than a seller.
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He certainly was in buyer mode last time, but he got a couple of good deals with Marvel and Lucasfilm and the jury's still out on the 20th purchase - but what's there to buy now? Warner Bros. off Discovery? Paramount? WWE?
 
mightynine said:
but what's there to buy now? Warner Bros. off Discovery? Paramount? WWE?
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For streaming to work, you need mass. Disney + is big, but it needs to be bigger. Consumers are looking for one consolidated streaming source rather than ten monthly bills. The genius who figures that out will profit.
 
But after all the purchases, the monthly bill will have to be about the cost of the separate services are now.
Monopolies are a good thing, it keeps competition alive.
 
mightynine said:
but what's there to buy now? Warner Bros. off Discovery? Paramount? WWE?
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I tend to doubt Disney could get regulatory approval to buy another studio.
 
mightynine said:
He certainly was in buyer mode last time, but he got a couple of good deals with Marvel and Lucasfilm and the jury's still out on the 20th purchase - but what's there to buy now? Warner Bros. off Discovery? Paramount? WWE?
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pre-Vince McMahon retirement over the hush money sex scandal, sure Disney would be in a bidding war with NBCUniversal over ownership, but now, i'm sure Paul "HHH" Lesvesque and Stephanie McMahon ain't ready to sell it off, they are busy trying to undo years of damage done by Vince's senility for the modern wrestling product. it was really bad in the final years under Vince.
 

Here is more Disney is sued over their streaming deals via antitrust.

A group of YouTube TV subscribers has filed an antitrust lawsuit against Disney, claiming that the company’s business deals with competitors have inflated the amount consumers pay for streaming live TV services.

The plaintiffs from four states claim that, because Disney requires streamers including YouTube TV to include ESPN in base packages, they are paying extra more for their subscriptions than they should.

The 82-page class-action complaint filed this week in U.S. District Court in San Francisco (read it here) alleges that Disney’s control of both ESPN and Hulu has allowed the conglomerate to “inflate prices marketwise by raising the prices of its own products” and also “set a price floor.”
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