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Post by Lord Death Man on Nov 21, 2022 4:12:40 GMT 1
Bob Iger Replaces Bob Chapek as Disney CEO variety.com/2022/tv/news/bob-iger-replace-bob-chapek-disney-ceo-1235438423/Bob Iger has replaced Bob Chapek as Disney’s CEO, a shocking turn of events for the world’s largest media company that has been in turmoil ever since Iger stepped down as CEO in February 2020. The shakeup that caught the entertainment industry and Wall Street mostly by surprise was confirmed by Disney’s board of directors late Sunday. There had been rumblings of a shakeup in the C-suite but the prospect of Iger returning to the CEO job still seemed far-fetched.
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Post by Merv on Nov 21, 2022 6:00:14 GMT 1
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Post by Lord Death Man on Nov 21, 2022 6:20:58 GMT 1
It was Chapek that ramped up production on more MCU films per year. Although hella fun for diehards, this was likely a mistake with regard to over saturating the market.
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Post by Grandmaster on Nov 21, 2022 7:08:54 GMT 1
I hope Eiger will put on the breaks
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Post by AQUA RAPTOR! on Nov 21, 2022 8:49:56 GMT 1
Good. He's not the most brazen of CEOs, but he ran a tight ship.
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Post by Grandmaster on Nov 21, 2022 9:32:29 GMT 1
One downside... The man is in his seventies. I had rather seen a new man stepping up. One that can lead the company for the next 2 decades.
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Post by Lord Death Man on Nov 21, 2022 16:50:15 GMT 1
One downside... The man is in his seventies. I had rather seen a new man stepping up. One that can lead the company for the next 2 decades. That was supposed to be Bob Chapek… (62) In the immortal words of Commander William T. Ryker, "I wholeheartedly concur" with bringing back Bob I. Chapek is directly responsible for an overall reduction in satisfaction with the brand (and its IPs). Even Kennedy, the former worst executive at Disney, has had a few wins since Disney+ launched. Chapek also devised the admittedly bold streaming-first strategy for Disney (building on Bob I's work launching Disney+), but he overshot the mark. It's hard to keep the casuals interested, battle bearded culture war babies, and pacify vocational nitpickers. Bob I had the company set up for success for the next decade when he left, and Bob II promptly cheaped out in the parks, overspent on content, and went to war with talent. In all fairness, he did have the pandemic to contend with as well, but the latest stock nose dive was likely the final straw in the board's mind. I'd prefer a Kang Dynasty and Secret Wars under Iger rather than Chapek.
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Post by Merv on Nov 21, 2022 17:40:37 GMT 1
It was Chapek that ramped up production on more MCU films per year. Although hella fun for diehards, this was likely a mistake with regard to over saturating the market. It’s that classic case of something becoming so readily available that it ceases to remain a big deal. Another problem honestly is how do they go bigger and better? Like is it even possible?
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Post by Lord Death Man on Nov 21, 2022 18:55:57 GMT 1
It was Chapek that ramped up production on more MCU films per year. Although hella fun for diehards, this was likely a mistake with regard to over saturating the market. It’s that classic case of something becoming so readily available that it ceases to remain a big deal. Another problem honestly is how do they go bigger and better? Like is it even possible? Well said. I'd be OK with two MCU releases in theaters per year with a couple of Disney+ shows sprinkled in between to tide me over. Although I'm a staunch believer in getting more content for my dollar, I'll accept a reduction in quantity if the quality is significantly improved. Ousting Chapek is the right move at the right time. With DC, under Gunn, supposedly developing a real 8-to-10-year plan, competition could get stiff in the marketplace soon. Star Wars theatrical needs product and not just announcements of new projects every month. And Marvel, the undisputed crown jewel, needs someone who won't push executives like Feige to continuously crank out product until he runs the IP into the ground. At the very least, bringing back Iger should help the stock rebound.
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Post by Lord Death Man on Nov 21, 2022 19:34:52 GMT 1
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Post by AQUA KEN! on Nov 27, 2022 12:30:03 GMT 1
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Post by ArArArchStanton on Nov 27, 2022 16:59:04 GMT 1
Bob Iger Replaces Bob Chapek as Disney CEO variety.com/2022/tv/news/bob-iger-replace-bob-chapek-disney-ceo-1235438423/Bob Iger has replaced Bob Chapek as Disney’s CEO, a shocking turn of events for the world’s largest media company that has been in turmoil ever since Iger stepped down as CEO in February 2020. The shakeup that caught the entertainment industry and Wall Street mostly by surprise was confirmed by Disney’s board of directors late Sunday. There had been rumblings of a shakeup in the C-suite but the prospect of Iger returning to the CEO job still seemed far-fetched. As a huge Disney fan and local passholder for years, this is quite shocking and places Chapek clearly as a pariah among long reigning successful CEO’s, especially in the shadow of Iger who is undoubtedly the greatest since Walt himself. Chapek was the choice of the committee but quickly proved himself to not be up to the task. He cut corners in the wrong places and I can tell you honestly that park service suffered. Now in his defense he was forced to immediately deal with one of the largest challenges the industry has ever faced, but he has not bounced back and when you have to call Iger back for a second time, Chapek is just not the guy for the job. I’ll be very eager to see how Iger reigns things back in, and how quickly they move to transition to a longer term CEO.
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Post by Lord Death Man on Nov 27, 2022 18:12:06 GMT 1
Bob Iger Replaces Bob Chapek as Disney CEO variety.com/2022/tv/news/bob-iger-replace-bob-chapek-disney-ceo-1235438423/Bob Iger has replaced Bob Chapek as Disney’s CEO, a shocking turn of events for the world’s largest media company that has been in turmoil ever since Iger stepped down as CEO in February 2020. The shakeup that caught the entertainment industry and Wall Street mostly by surprise was confirmed by Disney’s board of directors late Sunday. There had been rumblings of a shakeup in the C-suite but the prospect of Iger returning to the CEO job still seemed far-fetched. As a huge Disney fan and local passholder for years, this is quite shocking and places Chapek clearly as a pariah among long reigning successful CEO’s, especially in the shadow of Iger who is undoubtedly the greatest since Walt himself. Chapek was the choice of the committee but quickly proved himself to not be up to the task. He cut corners in the wrong places and I can tell you honestly that park service suffered. Now in his defense he was forced to immediately deal with one of the largest challenges the industry has ever faced, but he has not bounced back and when you have to call Iger back for a second time, Chapek is just not the guy for the job. I’ll be very eager to see how Iger reigns things back in, and how quickly they move to transition to a longer term CEO. Chapek did get dealt a bad hand; it didn't help that he wasn't a very inspirational leader. Between the pandemic, his highly publicized issues with Scarlett, price hikes at the parks, his battles with DeSantis and co., and his no-limit spending on content, he was never going to be the hero the company needs right now. To his credit, he's grown Disney+ significantly during his tenure (even if he did spend a ton of money doing it). He also got the company through the pandemic and back into theaters. He's also presided over four of the top ten movies at the box office this year. I can't see Iger doing much, to begin with, outside of cutting spending across the board and walking back some of the more egregious decisions Chapek made concerning the parks. 2023 is going to be an interesting year for Disney.
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Post by Lord Death Man on Nov 27, 2022 18:27:31 GMT 1
Malfeasance would be a convenient narrative to justify his ousting… I think he was just unpopular. Hope to see more reporting following up on these allegations. The article mistakes some facts, and points out common corporate budgeting tactics as criminal. I didn't know he had a bone to pick with animation, but that totally makes sense with hindsight.
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