News Bob Iger is back! Chapek is out!!

[_caleb]

No, it is not. High level executives are not hired for indefinite periods. They don’t work at will. They are hired for set periods of time and when that continues it’s often described as an extension.

Here’s an article about a recent contract extension. The very first sentence contradicts your claim.

MSN

Hmm. I can see why my use of the word "temporary" might make you think I didn't understand this. That was a poor choice.

The first sentence in the article you linked to reads: "Ryanair Holdings PLC said late Wednesday that Michael O’Leary will remain as chief executive officer until at least July 2028."

So RyanAir is extending their CEO's contract (which was set to end this year) by 5 years.

Because a CEO's contract can be extended in any increment, a one-year extension might indicate something different (about the CEO's performance, the Board's trust, investors' confidence, etc.) then, say, a three-year extension, or a 5-year extension.

 

[Sirwalterraleigh]

Disney Plus’s New ‘National Treasure’ TV Show Is Getting Roasted In Reviews

While Disney Plus is a great resource for familes with its huge back catalogue, in terms of new releases it lags behind its competitors, and something like National Treasure: Edge of History does not seem like it’s changing that conversation for the better.

www.forbes.com

Let me guess: another reboot for no real reason to reboot?

 

[Slpy3270]

I don't know. WBD only dropped .64% today, and Netflix 0.83%, compared to Disney's 4.32%.

It dropped 6.66% today. Paramount dropped 2.25% (they only look somewhat better because the Redstone family control nearly all the stock) and Netflix has already dropped so hard this year that an .83% drop is still pretty bad.

The only reason Comcast has held better (down 1.48% today while being down 32-33% YTD) is because they aren't valued like a traditional media company; their core business is telecommunications (the NBCUniversal division has had a pretty awful year, with Peacock continuing to bleed money and now flat-lining in sub growth; they're looking to cut $1 billion in costs next year).

 

[Sirwalterraleigh]

Oh good god…

Now where batting around DCL?

Yikes

 

[lazyboy97o]

Hmm. I can see why my use of the word "temporary" might make you think I didn't understand this. That was a poor choice.

The first sentence in the article you linked to reads: "Ryanair Holdings PLC said late Wednesday that Michael O’Leary will remain as chief executive officer until at least July 2028."

So RyanAir is extending their CEO's contract (which was set to end this year) by 5 years.

Because a CEO's contract can be extended in any increment, a one-year extension might indicate something different (about the CEO's performance, the Board's trust, investors' confidence, etc.) then, say, a three-year extension, or a 5-year extension.

So what does a four year extension indicate? Is that the magic number where it’s clear someone isn’t sticking around?

 

[MerlinTheGoat]

Nick Cage really carried those National Treasure movies, and he's not in the series from what I understand.

 

["El Gran Magnifico"]

Nick Cage really carried those National Treasure movies, and he's not in the series from what I understand.

He carried “Valley Girl” too.

Great Movie.

 

[Slpy3270]

Weird that people still think Apple will make a play for Disney when a) their backing out of the NFL Sunday Ticket shows they do have limits on endless spending (not to mention the Microsoft-Activision Blizzard merger being held up by the FTC and the Random House-Simon & Schuster deal collapsing because of them will make Apple weary of doing M&A under a Dem administration) and b) Chapek would've been far more likely to sell to Apple than Iger would've; Chapek evoked real Jeff Bewkes/John Stankey/Jason Kilar vibes.

To me it's just continued wishcasting by hedge fund managers aching for change at Disney so they can make a quick dollar and run. And it's not at all clear Loeb and Peltz can siphon Iger's power away despite the falling stock price (plus the board is almost entirely full of Iger loyalists, which hamstrung Chapek's tenure and made Loeb's job hard).

 

[dreday3]

He carried “Valley Girl” too.

Great Movie.

I'm just here to say that Nicholas Cage is ONE OF THE GREATEST ACTORS OF ALL TIME (I yelled that with passion just like he would)

He is very entertaining, love his movies but I can't see him on a Disney + show. But never say never.

 

["El Gran Magnifico"]

Maybe I should make a poll. Cause I love polls.

If they ever made a Bob Chapek movie. Who you figure has the best odds at landing the gig?

Vin Diesel, Jason Statham, The Rock, or Howie Mandel?

Part of me thinks Paul Giamatti could pull it off. Maybe John Malkovich.

 

[el_super]

I don't know. WBD only dropped .64% today, and Netflix 0.83%, compared to Disney's 4.32%.

Check AMC, Cinemark and IMAX. We're right back at "movie theaters are dead."

 

[Jrb1979]

Check AMC, Cinemark and IMAX. We're right back at "movie theaters are dead."

Had to laugh at that. While they maybe not doing as good as they once were I blame a lot of that on the streaming services and partly on majority of the population.

The streaming services are the ones killing the movie theatres. They are such a hurry for new content they cut new movies time at the theatre to quickly get them on their services for new content.

As far as people go, I have been noticing it well before Covid, more and more people have become hermits. We are slowly becoming a hermit society. I don't completely buy movies being too expensive to go out and see, especially coming from people here. If you can afford a Disney vacation there is no way that going to see a movie is too costly.i believe it's more to do with people just not liking going out like the older generation did. More and more people are home bodies now.

 

[RobWDW1971]

More information from the 2022 Axios/Harris poll, a widely recognized corporate brand poll that Disney has touted in the past, in 2019, Disney was #5, rated "Excellent" as it had been for years.

Fast forward just three years later and the company has shockingly dropped from #5 "Excellent" to #65 "Good". A nearly 100 year old brand took just three years of terrible cultural and controversial decisions to fundamentally change the public's perception and reputation of its brand.

And the low reputation is on points that used to be heart and soul of the brand: Trust. Ethics. Citizenship. Culture.

We are talking about the Walt Disney Company here, not Best Buy (which BTW now rates 14 places higher than Disney).

A brand and the trust of the public is an exceptionally fragile thing and the saying usually goes "when you're in a hole, stop digging", but Disney seems to be bringing in the steam shovels. Oh, and you know who won't be getting fired for the destruction of one of the world's most beloved brands? The DEI staff that has ruled the company for the past three years.

Truly a shame to see The Walt Disney Company now ranked below 64 other companies including Kohls, Walgreens, Lowe's, Target, Netflix, etc. Shocking actually.

It will be interesting to see the 2023 results considering all of the controversies over this past year Will they get an expected "dead cat bounce" after a drop like that or could it possibly stabilize at that low rating or fall even lower, if that is possible.

But as another poster put it so eloquently and succinctly, "Disney doesn't care about Midwest moms". Indeed - how's that working out for you, Disney?

 

[Sir_Cliff]

Disney Plus’s New ‘National Treasure’ TV Show Is Getting Roasted In Reviews

While Disney Plus is a great resource for familes with its huge back catalogue, in terms of new releases it lags behind its competitors, and something like National Treasure: Edge of History does not seem like it’s changing that conversation for the better.

www.forbes.com

Something Netflix seems to be able to do that Disney+ can't is produce original series not based on existing IP. Perhaps the longer-term plan is that Hulu will be the place for that when a bundle resembling the international Star bundle is possible in the US. The IP mandate really seems to have gone into overdrive with Disney+ for the time being, though, as they seem to be resurrecting things like Willow and National Treasure but allergic to trying out any new concepts.

 

[Cliff]

The failure of this film and its controversy is just another point of erosion for a once universally loved family entertainment brand. In another thread, there is a discussion about The Walt Disney Company's plummeting brand reputation. In the Axios Harris poll, a widely recognized corporate brand poll that Disney has touted in the past, in 2019, Disney was #5, rated "Excellent" as it had been for years.

Fast forward just three years later and the company has shockingly dropped from #5 "Excellent" to #65 "Good". A nearly 100 year old brand took just three years of terrible cultural and controversial decisions to fundamentally change the public's perception and reputation of its brand.

And the low reputation is on points that used to be heart and soul of the brand: Trust. Ethics. Citizenship. Culture.

We are talking about the Walt Disney Company here, not Best Buy (which BTW now rates 14 places higher than Disney).

A brand and the trust of the public is an exceptionally fragile thing and the saying usually goes "when you're in a hole, stop digging", but Disney seems to be bringing in the steam shovels. Oh, and you know who won't be getting fired for the destruction of one of the world's most beloved brands? The DEI staff that has ruled the company for the past three years.

Truly a shame to see The Walt Disney Company now ranked below 64 other companies including Kohls, Walgreens, Lowe's, Target, Netflix, etc. Shocking actually.

But as another poster put it so eloquently and succinctly, "Disney doesn't care about Midwest moms". Indeed - how's that working out for you, Disney?

Absolutely!...as CEO, I would not worry about studio profits going up or down, or parks up or down, or cruise ships or D+ being up or down. Those busineses eb and flow naturaly with the tide.

The TRUE fear is Disney's overall brand goodwill dying! The PRECIOUS brand halo that that took them 100 years to build....losing THAT would scare the Hell out of me as CEO!

It's the positive brand "halo" that Disney has always had that has been its SINGLE biggest asset that it has and always carried it through bad times. If Disney truly loses that halo?...this company colapses under its own weight

20 years ago...any John/Jane Doe on the street, if asked what they "generaly" thought of Disney they would have said: "Disney...oh yeah, that is a great company" Today?...this positive sentiment is DYING.

 

[Serpico Jones]

Iger is going to want to take control of the Avatar franchise. If they’re going to spend that kind of money he’s going to want total control.

He pushed out George Lucas from Star Wars and he’ll do the same to Cameron.

 

[fgmnt]

Cruising is a respectable leisure activity. Theme parks are not.

Not wholly relevant to the thread but it is frustrating this is considered a truth because it makes no sense to me. Being on a boat bores the hell out of me; I could not tolerate the modern conventional cruise. Maybe one of those 2 week trips when you speedrun the Mediterranean, but nothing where you are farting around the Caribbean for a few nights with a stop on an island and then going back.

The post-Wells Walt Disney Company has contributed to this perception, in spite of the founders' intentions for this to not be the case.

 

[fgmnt]

Lol keep the blinders on.

It’s fine as long as you don’t walk into a wall.

If you think the EVP of diversity is running the show, I don't know how you can claim the fault of either Bob. Can't have it both ways skippy.

 

[Trauma]

If you think the EVP of diversity is running the show, I don't know how you can claim the fault of either Bob. Can't have it both ways skippy.

Who do you think is ultimately responsible for everything the company does?

He could clean house tomorrow ( and should) so yes in the end it’s 100% the fault of whatever Bob they put in charge.

 

[Br0ckford]

Disney is just lackluster right now. That's not politics. The Parks are just eh...we were there 3 weeks ago and everything was just eh. It didn't suck, it was just normal. Star Wars...eh. Mandelorian and Rogue One are good, but everything else, eh. It doesn't all suck but its not awesome. MCU used to be an event for us. Every movie was a reason to go to the theater. They were building to an event. I know they are building to Kang now, but it doesn't feel epic. MCU infinity saga felt epic.
They leaned on everyone will always see and do everything with Disney on it too hard. No real innovation. These are some of the things I think of when I see Disney fading. Not politics. IMHO.