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Bob Chapek to become CEO of Disney

I'm surprised they've decided to go with someone as relatively old as 60.

Obviously it's not a job for a new graduate but I would have thought someone nearer 50 would be nearer the mark if they plan to have a long tenure.
 
I saw on YouTube that Disney is losing money does this means they will sell the money losing brands such as ESPN and Marvel and slow down their Disney + and control of Hulu.
 
No, Disney will not be selling ESPN and will not be shutting down Disney+

Everyone will be losing money this quarter. It's probably going to be the steepest recession ever.
 
Big, big marketing push for Disney plus in the UK at the moment. Some commercial TV channels are carrying ads for it in nearly every break. Lots of ads on Facebook too.
 
TVCOOL said:
I saw on YouTube that Disney is losing money does this means they will sell the money losing brands such as ESPN and Marvel and slow down their Disney + and control of Hulu.
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Good Lord... Even if they wanted to sell ESPN, who would buy it given the economic situation we ALL find ourselves in? Disney sits on a mountain of cash, so whereas not an appealing situation, they're not anywhere near desperate-enough to start shedding assets.
 
Kelly A said:
Good Lord... Even if they wanted to sell ESPN, who would buy it given the economic situation we ALL find ourselves in? Disney sits on a mountain of cash, so whereas not an appealing situation, they're not anywhere near desperate-enough to start shedding assets.
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As a sidebar, I am wondering whether the American public will quickly return to activities that involve closeness to other and unrelated people: sports, amusement parks, concerts and movie theaters among others.

Will we be hesitant to go to large gatherings? Will we snap back immediately, or proceed with a lot of caution?

In the case of Disney, this affects a variety of its activities. Of course, if on one hand people don't want to go to concerts and sporting events, there is opportunity to do more pay-per-view televised events, and area in which Disney could become a major player.

On the other hand, will in-stadium sporting events be partially replaced by more pay-per-view or "subscriber only" games? I can see teams selling season passes and individual tickets for in-home viewing and cutting the advertiser supported broadcasts that prevail today.
 
TheBigA said:
I think the answer will depend on if they find a cure.
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Yes, even finding a vaccine won't be totally reassuring because of the long time it will take to get the vaccine to hundreds of millions of Americans. As much as I'd love to get up to Saratoga this summer, I think it's pretty safe to predict that the virus will still be around, albeit at reduced levels, and there still won't be a cure or a vaccine ready for general use. Which means that I'll be watching and betting from home. I might venture out to a summer collegiate league baseball game, if one of those leagues has a season this summer, because attendance is usually only in the hundreds and there's plenty of space for social distancing.
 
https://www.hollywoodreporter.com/news/disney-ceo-bob-chapek-elected-board-directors-1290427


The executive succeeded Bob Iger in February ahead of the novel coronavirus formally becoming a global pandemic.
A month and a half after being named Bob Iger's successor, Disney CEO Bob Chapek has been elected to the firm's board of directors, the conglomerate said Wednesday. Chapek will not be joining any board committees for now.

"Bob Chapek has demonstrated remarkable leadership in the face of unprecedented challenges that were unimaginable when he became CEO just seven weeks ago," said Susan Arnold, independent lead director of the Disney board, and Bob Iger, executive chairman and chairman of the board, in a joint statement.

Added Arnold and Iger, "We’ve watched him navigate this very complex situation with decisiveness and compassion. We are pleased to add Bob to the Board, as we stated we would when he was named CEO."
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Bob Chapek Joins the Disney Board. Yes this is happening as Bob Chapek at the CEO seat has to make cuts, furloughs at Disney Parks, Also Chapek had to suspend TV and Movie Production at Disney+, Hulu, ABC Studios and 20th Century Pictures in response to the COVID-19 fallout.
 
TheBigA said:
No big surprise. Disney stock has been hard hit since the virus happened. Dropped down to under $100 after peaking at over $150 just a few months ago. The new guy has his work cut out for him. Of course things could be a lot worse...consider ViacomCBS. Their top people should be taking pay cuts too.
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Fifty percent pay cut when already making millions isn't a big deal to him probably.
 
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