News Bob Iger is back! Chapek is out!!

[John park hopper]

Chapek or Iger will anything really change?

 

[Sirwalterraleigh]

This is completely logical, however, logic doesn't always deliver better stock market returns and brand loyalty. If this ouster didn't come within hours of the WSJ article that reports the damage being done to the brand, I would agree with you 100%. The "loss of the Magic," viewing guests at nothing more than dollar signs, and inserting technology where no one asked for it, finally took its toll.

Now, you can say, "but Iger pushed all that and turned it over to Chapek," and rightfully so, but someone has to be the scapegoat. Why not someone that no one likes?

I thought that chapek had a deal with Arnold…which may have still been true:

He slashes and burns everything for his years and takes all the blame…the street loves it…and he retired at 65 with $250 to $500 mil of their money. Not bad for a ketchup salesman.

They just pulled the ripcord.

 

[Sirwalterraleigh]

Seriously she did a lot of damage to the relationship with fans because she is as tone deaf as Chapek. Firing her would make me so incredibly happy lol

Penguin thinks she’s just getting “undo hate as an underling”

She’s easily as bad as he is.

 

[monothingie]

Correct…but also he knows how to handle Hollywood’s power structure while also being a complete slave animal to Wall Street.

But am I “parsing” too much?

The articles are actually pointing out all rhe problems…if they intend to do anything of what they say at all?

All he has to do to be a hero is hope that in the next two years inflation disappears, any recessions are small, no Ronna 2.0,3.0?, and China opens up.

Chapek wasn’t there long enough to be the cause of the deep seated problems which TWDC is facing. But was there at the right time to be the fall guy and take the blame.

2022/3 is a lot different than 2019. Driven by his massive ego, Iger thinks he’s got this…

 

[Fido Chuckwagon]

Honestly I think it just came down to the beard. View attachment 679827

There really is something to be said for having a Disney CEO who looks like a supervillain.

 

[Sirwalterraleigh]

All he has to do to be a hero is hope that in the next two years inflation disappears, any recessions are small, no Ronna 2.0,3.0?, and China opens up.

Chapek wasn’t there long enough to be blamed for the deep seated problems which TWDC is facing.

2022/3 is a lot different than 2019. Driven by his massive ego, Iger thinks he’s got this…

That was my first thought as well…

But there’s something with his streaming strategy too…more to follow.

For us…what matters is do they respond in Orlando at all.

Even though Disney fans swallowed all the price hikes - cause we’re freaking children - Comcast “won Covid” in Orlando and it isn’t close.

That stupid bad Star Wars Hotel is empty…next to an already dilapidated land.
That isn’t on chapek.

 

[erasure fan1]

I see no scenario that this helps the parks return to their former glory. A lot of the issues were started by Iger anyway. And what's he going to do in 2yrs? Absolutely nothing, as it takes them 6 years or longer to build a restaurant. The parks aren't a priority other than to nickel and dime and make as much cash with as little effort as possible. Of course I don't see Iger staying only 2yrs. I can see the new ceo he finds is himself.

Will anything meaningful come of this? Unless Iger had some epiphany, no, not really. He's the one who went along with Kennedy and the star wars debacle. The parks went how many years without a new eticket? And maintenance was terrible under him and cuts were aplenty as well. He's the one who abandoned the video game space... The biggest thing I see is him buying up some other ip or company. It's what he does best.

 

[monothingie]

This is completely logical, however, logic doesn't always deliver better stock market returns and brand loyalty. If this ouster didn't come within hours of the WSJ article that reports the damage being done to the brand, I would agree with you 100%. The "loss of the Magic," viewing guests at nothing more than dollar signs, and inserting technology where no one asked for it, finally took its toll.

Parks were never the problem for Wall Street. Yes it became a PR problem which main stream media increasingly picked up on, but ironically the parks were very much run the way Wall Street wanted them to be run.

Studios, ESPN, and streaming were another thing entirely.

 

[ohioguy]

Totally unexpected news, but thankfully the Board is doing their job and protecting the company. Chapek obviously wasn't ready (and may never have been) for the position. I figured Iger might be running for President but money talks. We need a visionary like Eisner again.

 

[Thelazer]

Considering the park down the street and what they are building.
I'd say this is the RIGHT move needed ASAP.

As others, Iger may not be long term.. but he's the man for the job right now.

Now lets see if Mr Rhode comes back to town to.

 

[CaptainAmerica]

Seriously she did a lot of damage to the relationship with fans because she is as tone deaf as Chapek. Firing her would make me so incredibly happy lol

Nobody has any clue what Christine McCarthy said on corporate earnings releases except for a few dozen weirdos on the internet. I guarantee you that less than 5% of the people in the Magic Kingdom could name the Disney CFO on any given day, an I'm including cast members in that.

 

[G00fyDad]

This is not going to change anything. Iger was just as money hungry as Chapek is so nothing is going to change.

 

[LSLS]

I'm honestly a bit surprised how many people are excited right now. What did Chapek do other than say the stuff that had been going on under Iger out loud? Don't get me wrong, Chapek was awful, but Iger isn't some great improvement. The guy bailed as soon as he saw trouble coming for the parks. He sees the trouble subside, and he comes back to reap the glory.

 

[FutureCEO]

I know this is not going to happen but Disney needs to totally gut the company from horrible movies and Disney Plus stuff to theme parks (the last good non-IP theme park ride was under Eisner).

Iger is Chapek but with a smile.

 

[Heppenheimer]

I saw Strange World yesterday. Phenomenal movie, my favorite modern WDAS film by far. It absolutely reeks of box office bomb though because its barely been marketed, and what marketing it has gotten doesn't do it justice imho.

I didn't even know this film existed until yesterday.
I hope its good, but Disney Feature Animation had s spotty track record with science fiction.

 

[LSLS]

Nobody has any clue what Christine McCarthy said on corporate earnings releases except for a few dozen weirdos on the internet. I guarantee you that less than 5% of the people in the Magic Kingdom could name the Disney CFO on any given day, an I'm including cast members in that.

I don't disagree with the CFO stuff to an extent, but I think you are wrong about the number of people that could name the Disney CEO. My wife and parents (all who don't follow Disney boards or things like that) all know Chapek and Iger. Social media has a lot of people knowing more than you would think. And while I don't think most know the CFO, I wouldn't be surprised if a lot of DVC/Pass holders have heard what the CFO says in those meetings for the same reasons.

 

[BobPar]

I just woke up. My iPad was bursting with notifications. This is going to be an interesting ride, not that I expect Iger to reverse any decisions.

You dont think he can/will
Learn from his mistakes? Im no big fan as ive stated the other day when we discussed but you have to think he is not blind to the fact of the mess he created with the lack of proper patk investment to actually increase capacity and the fact he knows people were willing to pay and now im sure they have to be worried about the direction hence the move you have to hope he greenlights some of these smaller simpler projects that can easily help with the burden park guests are facing during majority times of the year…

 

[CaptainAmerica]

And while I don't think most know the CFO, I wouldn't be surprised if a lot of DVC/Pass holders have heard what the CFO says in those meetings for the same reasons.

"Unfavorable attendance mix" was not a tactical slip-up or a poor choice of words. Any CFO who had to explain that quarter's results would have been obligated to say the same thing. It's a financial term of art and I guarantee you there's nobody in the company or on the BoD who ding her for using it.

 

[fishwicks]

I’ve wanted this since Chapek did away with Disney’s Magical Express. Never seen a man ruin a company as fast as Chapek did. Wecome Back Igor!!!

 

[BobPar]

That was my first thought as well…

But there’s something with his streaming strategy too…more to follow.

For us…what matters is do they respond in Orlando at all.

Even though Disney fans swallowed all the price hikes - cause we’re freaking children - Comcast “won Covid” in Orlando and it isn’t close.

That stupid bad Star Wars Hotel is empty…next to an already dilapidated land.
That isn’t on chapek.

What is the answer to those 2 issues with Star Wars? Again it is mindboggling how they bungler literally one of if not the worst biggest best and most popular IP…