Well I don't think Chapek will bring Disney to that low, either. If anyone was going to, it would've been Horn. Again, see the New Line example.
BTW, just to be slightly off-topic, an alternate history timeline I did has a major thing about Disney being even bigger than it is, with all the double-edged sword effects you'd expect.
Some time ago, on the website
alternatehistory.com, I helped work on an alternate history timeline called Cobain Continues Redone. As the title suggests, it is a timeline in which Kurt Cobain did not commit suicide (he doesn't even try heroin here), and shows the effects on the world at large, particularly in terms of politics and the entertainment industry, because of his still being around. For just a few basic ideas, here is essentially the major things to take away:
-Nirvana is still an ongoing, recording and performing concern as of today, and while the Foo Fighters never come into existence, Dave Grohl still expands to becoming a co-frontman and guitarist with Kurt and quite a number of Foos' songs become Nirvana songs.
-Kurt and Courtney eventually divorce, and Kurt remarries to actress Charlize Theron. As per family, Frances is followed by a son, Patrick, still with Courtney, twins named Edward and Olivia with Charlize, and they also adopt Charlize's OTL (Our Timeline) adopted daughters Jackson and August.
-In 1999, the couple decide to form their own entertainment company, Springbok Productions, a stand in for Charlize's OTL company Denver and Delilah Productions, which does that company's noted projects, and a lot of other ones in film, television, animation, and so on, both projects that already exist IOTL and ones that exist solely ITTL (In This Timeline). Springbok is a major entertainment conglomerate and one of the biggest forces in Hollywood.
-The music and entertainment industries embrace the digital revolution from the start in the '90s, rather than be dragged into it kicking and screaming. This means that record labels and artists start selling MP3s from the start, and instead of the likes of iTunes, every artist and label has their online stores to buy music. Blockbuster Video adopts Reed Hastings' strategy from the start, and makes him part of their company, meaning that Blockbuster is a viable and going concern as of this date. Instead of streaming wars, there is only Blockbuster Entertainment as the sole streaming service of non-ographic content, including original content. Much of the content of OTL's streamers still exists and is collected in one place, along with the library of movies and TV series.
-Harvey Weinstein is exposed early on, during the Oscar campaign for "Shakespeare In Love", which ensures the Best Picture Oscar winning going to "Saving Private Ryan" and bringing the world to an earlier, and much more nuanced and decisive reckoning with sexual misconduct. This includes early exposure and downfall for the likes of Kevin Spacey and Bryan Singer, among others; as well as preventing witch hunts of certain innocent figures who do not deserve their reputations ruined. (Scott Rudin still manages to hang in until 2021 simply because "he's not as bad as Harvey," until that reckoning comes.)
-Michael Eisner's tenure at Disney lasts until 2008, and does not end in infamy, because when making the merger with Capital Cities/ABC, Bob Iger takes on an important leadership role in the company from the start, taking the duties handled by the late Frank Wells, leaving Eisner to govern as he did prior to Wells' death, rather than the infamous micromanagement that did him in during our reality. Disney, as an admittedly double-edged sword, is thus even bigger than OTL, having made early acquisitions of Pixar and Lucasfilm in 1996, keeping the Touchstone Pictures imprint alive, having ABC pay dividends to Disney from the start, The Disney Channel's programming remain robust, and not selling acquisitions like Saban Entertainment or the distribution deal with Studio Ghibli. Disney also makes a purchase of 3000 additional acres for Walt Disney World, giving them the space to build five additional gates there. Cook and Meryl Poster are studio chairs, and still are as of this moment in time. Horn does not get to screw Robert Shaye and Michael Lynne, so they remain at New Line, which remains largely independent of WB, and Horn stays retired.
For more of an idea of what to see, here's the timeline in full as it appears on the site:
https://www.alternatehistory.com/forum/threads/cobain-continues-redone-a-kurt-cobain-survives-timeline.424961/
I've also made a repository for press clippings and articles in the world of this timeline at FictionPress:
https://www.fictionpress.com/s/3352454/1/Cobain-Continues-Redux-Press-Clippings
An overview of Springbok's many projects through its history can be found at my profile on FictionPress:
https://www.fictionpress.com/u/1149966/Toxic29
However, the work is not done. My original main collaborator and I at AlternateHistory, who goes by TheGuyWhoHeartsHistory there, are planning to make an expanded version of the timeline. We're also at work making a Wiki/Fandom database about the timeline:
https://springbok.fandom.com/wiki/Springbok_Wiki