News Bob Iger is back! Chapek is out!!

[Plowboy]

Thank goodness! Hopefully Iger can move swiftly to get the company out of the ditch Chapek drove it into.

 

[BobPar]

That's my concern. Which Bob Iger are we getting?

seems to be the Billion dollar question.... i think the Board realizes they need some stability right now & Iger for whatever reason was a darling not sure why we saw one of the greatest bull markets and DIS probably underperformed in comparison to what a company like that should have.... who knows but all we can hope for is he has realized the mistakes he has made and how to easily fix them

 

[CaptainAmerica]

Thank goodness! Hopefully Iger can move swiftly to get the company out of the ditch Chapek drove it into.

Iger aimed the car directly at the ditch and then handed Chapek the wheel, then Chapek got blamed for the wreck. I genuinely do not understand the excitement about Iger's return in this regard.

 

[Goofyernmost]

I'd advise that no one get their hopes up that all the crap will be reversed out back to the good old days, Iger is there because wall street likes him. He let Chapek do all the dirty work and (it might even have been planned that way) now Iger is back from his lengthy vacation to sweet talk investors into bracing up the portfolio's. To Iger it is more of a part time job like so many take after they retire. Apparently all the Walmart greeter positions were filled.

 

[larryz]

How exactly have Disney fans won?

Disney (corp) is saying "We hear you."

Don't get me wrong -- Iger is not a solution, he's just a placeholder, but now at least there's

they'll hire someone who isn't entirely focused on moneygrubbing.

 

[SpoiledBlueMilk]

I know we’re all myopically fixated on the Parks, but those are fiscally in good condition.

Bob I’s coming back to address streaming, streaming, and streaming, and in that order.

It's more than just streaming as a service. Chapek was all about content. How many pieces of content can we flood the service with instead of thinking about quality storytelling. Now, Disney is facing the issue of creative talent no longer wanting to work with them. And the goose that lays the golden eggs (Marvel) is beginning to see a turn in their ability to churn out billion dollar movies that don't drop by 50%+ at the box office in their second week of show. Iger needs to clean house.

 

[CaptainAmerica]

Disney (corp) is saying "We hear you."

They're saying that to Wall Street, not us.

they'll hire someone who isn't entirely focused on moneygrubbing.

They want more moneygrubbing, not less.

 

[monothingie]

CNBC thinks Chapek was fired because he wasn't woke enough. Let that sink it. They're blaming this on "Don't Say Gay."

For context CNBC is a joke. Most stories are culminated by 20 something year olds out of journalism school in the boiler room of the building.

 

[larryz]

They're saying that to Wall Street, not us.

Bobby C was doing everything that Wall Street loves... but was pi&&ing off their customer base in the process.

They want more moneygrubbing, not less.

Well, which ever moneygrubber they hire has to have a better PR head. Pendulums swing both ways -- I'm assessing that the drums coming out of the jungle were just getting too hostile for the board to put up with The Bearded Wonder any longer.

 

[GhostHost1000]

Iger’s coming back to a company where the books are a complete mess. I don’t feel that Parks have been the cause of this given their profits and revenue. But let’s play Fantasy CEO a for a moment. Let’s say he does away with Genie+ and ILL and the like. Where do you make up the hundreds of millions in revenue shortfalls?

What makes people think he will do away with Genie+ and ILL. Wasn’t that in development under his watch?

 

[drizgirl]

This is great news. Hopefully we will get some resort perks back.

I don't think that's how this works.

 

[BG313206]

I think their model is let's keep raising prices so that eventually some people will not go because it's to expensive .
The crowds will be smaller but they make their money anyway from the people willing to pay
In their mind a win win smaller crowds same amout of revenue

 

[drizgirl]

What makes people think he will do away with Genie+ and ILL. Wasn’t that in development under his watch?

I'm absolutely astonished at how excited everyone is in thinking all these great things are coming back.

 

[Heppenheimer]

So what does Iger do? Look for a massive acquisition. It’s the Hail Mary for execs. ‘Buy something’ to throw dust in the air and give them another pool of execs to comb thru and try to find someone they can anoint.

if I were Iger, I’d change the structure. “Disney” needs a Chief creative Officer. Someone that reports to the board. Almost at the ceo level but not. Someone responsible for experience and vision. Then a ceo that executes. Highly unorthodox but disney isn’t like other companies.

I haven't been following the Disney corporate maneuvers that closely, but wasn't one of Chapek's more controversial decisions within the company to remove the budgetary decisions for each division so that they needed to have their budget approved directly by his subordinate? Maybe restoring some of the independence of divisions might go a long way, rather than being micromanaged from the top.

 

[MisterPenguin]

Disney needs to stay out of politics and focus on the decline of its money machine…the parks

The parks are making record breaking revenue/profit. It's not in decline financially.

 

[drizgirl]

Iger aimed the car directly at the ditch and then handed Chapek the wheel, then Chapek got blamed for the wreck. I genuinely do not understand the excitement about Iger's return in this regard.

Thank goodness I'm not the only one.

 

[drizgirl]

The parks are making record breaking revenue/profit. It's not in decline financially.

Which is exactly why none of the things people are hoping will change actually will.

 

[MisterPenguin]

I haven't been following the Disney corporate maneuvers that closely, but wasn't one of Chapek's more controversial decisions within the company to remove the budgetary decisions for each division so that they needed to have their budget approved directly by his subordinate? Maybe restoring some of the independence of divisions might go a long way, rather than being micromanaged from the top.

Yes, but Wall Street doesn't care about that. In fact, the idea of a budgeting czar for their studios is something they'd applaud.

 

[TalkingHead]

If they touch Feige it will be one of the four or five stupidest moves in Hollywood history. Anyone who didn't sell their Disney stock the minute that news hit would be a fool. The MCU is a miracle of consistency unlike anything pop culture has ever seen and Feige is one of the greatest producers in history - Thalberg or Selznick level.

It's more a question of whether Feige is considering jumping ship - or used the threat to help push Chapek out the door, just as he did with Perlmutter.

Typical hyperbole. He’s not remotely the production genius that Thalberg and Selznick were. Feige’s genius was building a franchise around continuity star casting and post-credits tags. The last few years have shown how much luck was involved, and how they’ve failed to replace the A team with equivalent parts. Know who should be most excited about Iger’s return? Robert Downey’s bank account.

 

[fgmnt]

Iger aimed the car directly at the ditch and then handed Chapek the wheel, then Chapek got blamed for the wreck. I genuinely do not understand the excitement about Iger's return in this regard.

The PR machine built under Iger puts long storied histories of state-run propaganda networks to shame. Russia should have hired them out when Bob the Elder left Burbank.