News Bob Iger is back! Chapek is out!!

MisterPenguin

President of Animal Kingdom
Premium Member

Would you mind buying me a subscription to the WSJ so that I can read these?
 

CaptainAmerica

Premium Member
Would you mind buying me a subscription to the WSJ so that I can read these?
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Disstevefan1

Well-Known Member
Here's a NYT article:

"Investors now want to see old-fashioned profit in streaming."

"He [Iger] cannot simply continue on the path he laid out before he left, as the landscape has changed materially,” Richard Greenfield, a founder of the LightShed Partners research firm, wrote with two colleagues in a client note on Tuesday.

"... the problems can’t all be laid at Mr. Chapek’s feet."
 

CaptainAmerica

Premium Member
Here's a NYT article:

"Investors now want to see old-fashioned profit in streaming."

"He [Iger] cannot simply continue on the path he laid out before he left, as the landscape has changed materially,” Richard Greenfield, a founder of the LightShed Partners research firm, wrote with two colleagues in a client note on Tuesday.
It's hysterical to me. Chapek got canned for implementing Iger's streaming strategy. So they brought in Iger to fix it.
 

HauntedPirate

Park nostalgist
Premium Member
My only comments on the Star Wars bruhaha - Kathleen Kennedy created the "Lucasfilm Story Group", hired Kiri Hart for it, and greenlit The Last Jedi. Those decisions alone should have resulted in her "spending more time with her family" years ago.

It's hysterical to me. Chapek got canned for implementing Iger's streaming strategy. So they brought in Iger to fix it.

Meet the new boss, same as the old boss, who was the same as the old boss, who is now the new boss. It enough to make your head hurt.
 

CaptainAmerica

Premium Member
My only comments on the Star Wars bruhaha - Kathleen Kennedy created the "Lucasfilm Story Group", hired Kiri Hart for it, and greenlit The Last Jedi. Those decisions alone should have resulted in her "spending more time with her family" years ago.
Wait, why don't we like the Lucasfilm Story Group? I thought the Lucasfilm Story Group was just Pablo Hidalgo and Leland Chee slapping novelists on the wrist when they try to do something that goes against established canon.
 

OrlandoRising

Well-Known Member
This is where I find it a bit hard to follow who is supposed to be responsible for what among executives. Chapek was head of the parks and then CEO during a period a lot of changes many people don't like were implemented at the parks, but in both positions he was apparently just implementing Iger's vision and never had much time as CEO to get out from under Iger anyway. So, now with Iger back the narrative is that we shouldn't feel too happy because he was ultimately responsible for the bad stuff that happened under Chapek rather than Chapek being a driving force for that in both positions. However, when Chapek was promoted to CEO and Josh D'Amaro became head of the parks, D'Amaro is supposed to be bad because he acts all nice and charming but in reality is just implementing Chapek/Iger's vision.

So, does the head of P&R really have much control over what happens in the division or is it mainly down to the CEO at the time?
Iger did not have a reputation of micromanaging segment heads like Chapek, though any major project or change would have needed his sign off. Chapek was different as CEO because the pandemic provided the chances to make much larger changes and the company could use the parks to create new revenue streams as other divisions struggled.

It's hysterical to me. Chapek got canned for implementing Iger's streaming strategy. So they brought in Iger to fix it.

It's really Wall Street's streaming strategy. Every investor rewarded big bets on streaming in 2018 and 2019, no matter the initial losses.
 

matt9112

Well-Known Member
"Old-fashioned profit". How quaint. It's like the investors want Disney to make money or something.

It’s more the valuation to me. Every company spends money on things that don’t generate revenue instantly. Apple with R&D for example or a more precise example would be biotech. Years and years without a single penny draining investor capital while they navigate the web of government regulation and trials.

The issue is disney WANTS to be valued at a multiple like apple or any other big tech. When in reality they should be valued just like Comcast (multiplier ratio not dollar value)
 

FigmentFan82

Well-Known Member
Ep8 made significantly less money than Ep7. $1.3 billion worldwide compared to $2 billion of the previous one. Which might still seem like a lot of money to the general public, but the executives and investors were quite disappointed. Solo of course also contributed to the problem even prior. And then Ep9 further underperformed Ep8.
Historically, most movies in a series see diminishing returns in B.O. There are definitely exceptions to this, but it's mostly what happens.
 

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