Rteetz
Well-Known Member
CNBC did say they looked internally. There isn’t anyone internally ready. I agree tho there are some structural problems. They need to come up with a plan.
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News Bob Iger is back! Chapek is out!!
- Thread starter Disney4family
- Start date
note2001
Well-Known Member
You have 2 years to catch up.
CaptainAmerica
Premium Member
Does Kareem Daniel make it to Friday?
Phicinfan
Well-Known Member
Iger has 2 years. This is so Susan Arnold driven its sad. I have personal experience working under Susan Arnold, and I posted way back when, when the "board" posted its support of Iger and re-upped him this is deja vu for me and working for P&G.
Basically if you read the Disney release - the succession won't just be Iger, it clearly states he will work closely with the board to find the next successor. That is old P&G speak for we are using Iger as a shield as we start moving the pieces.
To me and this is only my opinion, this smacks of the BOD going to Iger and saying - You started this mess, especially with the Fox purchase, we will bring you back, YOU have to fix it, set the future and my gut says they are paying him tons to do so. Then he and board will pick the succession and work to get that person ready
HMF
Well-Known Member
Why does everyone want a 5th park when they can't maintain the thematic integrity of or properly maintain the parks they have?
SteamboatJoe
Well-Known Member
I forgot to add that Disney+ is really at its best when they take the time and money to produce quality material that appeal to the loyalists of their respective fan bases (Disney history, parks, Star Wars, and Marvel). Streaming has made content that would otherwise not have been feasible under older models possible, or at least more common.
If that's the case then this was quite the coup. The timeline presented by CNBC makes it seem like this all went down in a couple of hours. I'd find it hard to believe that they sacked Chapek without having a replacement on board. Unless they let Chapek know before hand to have his office cleaned out by Friday. Whatever it was, it's a good thing for the BOD that Iger said yes.
So, you must wonder how to solve the current issues. Two to Three new E-tickets in each park in the next 2-3 years (to fight Universal expansions)? Return FastPass but make lightning link an option to go to the FastPass line immediately? Return Disney Express? Remove Park reservations? Bring back true Park Hopping? Remove parking fees at hotels? Free Dining packages? Meaningful Hotel discounts? Ticket promotions (2 for one maybe). Implementing all the above will not cost Disney much and will fix all the dreadful things of the last 10 years. I think that implementing three or more of the above will make Disney World able to keep profits up in the coming 18 to 36 months of recession. A fifth park would be easy just replicate Disney Seas?
Rteetz
Well-Known Member
They most certainly floated this idea of a return to Iger prior to this weekend.
BoarderPhreak
Well-Known Member
I just want to briefly say... WOOOHOOOO! 
LittleBuford
Well-Known Member
Another alphabet person here.
What’s happened to this thread boggles my mind. Much of it has been cleaned up, but not all, and the poster in question is still, it seems, at large.
LGBTQI posters shouldn’t be subjected to this sort of nonsense. No-one should. No reasonable person would come to a thread about Chapek’s removal and expect to find pages and pages of homophobic and transphobic vitriol. It’s disgusting and totally beyond the pale.
CaptainAmerica
Premium Member
Two of these are likely because there's a recession looming. Two of them are possible if the staff-to-guest ratios sort themselves out (either more staff, fewer guests, or both). The others aren't gonna happen.
SteamboatJoe
Well-Known Member
I have just assumed the understanding was there since the day Iger left. If Chapek faltered, he (Iger) was to return.
You have to consider that Iger negoiations have been on-going for weeks if not months.
Zummi Gummi
Pioneering the Universe Within!
Ironic that Chapek talked about layoffs and it started with himself.
ctrlaltdel
Well-Known Member
While investors like optimizing money makers, they certainly need to see some large future investments as well to get excited about. Otherwise you live and die only on the quarterly results. Chapek clearly died with that last quarterly report. I think that ultimately the Board/investors saw there was nothing Chapek was looking at as a long-term strategy, just cost-cutting and price gouging to the limit on Disney's current big money maker: parks. But there is nothing in the pipeline there, nothing to keep investors engaged, it's all wait patiently for a few years before Disney+ supposedly turns a profit. Very perilous way to run a company whose main competitor in their actual moneymaking industry is seeing record profits and a massive theme park on the way.
With weakening demand in the parks evident and streaming's stock boost no longer a premium it was time to quickly cut the cord. Streaming-wise, Disney is in a solid position with the amount of subs, but they desperately need price increases (on the way) and cutting back content costs/shifting movies back to theatrical.
It's completely obvious, but Iger is miles better at the actual back room dealing than Chapek and is completely willing to make splashy purchases/investments to build excitement among investors. Think his priorities are likely:
1. Try to get theatrical/streaming mix back on track. The mix is off, and it is clear that too many movies that could be decent hits theatrically are going straight to D+, which has very little value add compared to a TV show.
2. Do everything he can to use his connections to get China back in the fold and repair that relationship.
3. Appease the parks fans with some rollbacks of Chapek-era initiatives (convinced the actual moneymaking stuff won't be cut like Genie, but park reservations will be axed, park hopping anytime will be reinstated, etc.) and announcing some big investments there to generate excitement both among fans and investors.
4. Look for another big potential purchase, could be another studio/streamer.
With weakening demand in the parks evident and streaming's stock boost no longer a premium it was time to quickly cut the cord. Streaming-wise, Disney is in a solid position with the amount of subs, but they desperately need price increases (on the way) and cutting back content costs/shifting movies back to theatrical.
It's completely obvious, but Iger is miles better at the actual back room dealing than Chapek and is completely willing to make splashy purchases/investments to build excitement among investors. Think his priorities are likely:
1. Try to get theatrical/streaming mix back on track. The mix is off, and it is clear that too many movies that could be decent hits theatrically are going straight to D+, which has very little value add compared to a TV show.
2. Do everything he can to use his connections to get China back in the fold and repair that relationship.
3. Appease the parks fans with some rollbacks of Chapek-era initiatives (convinced the actual moneymaking stuff won't be cut like Genie, but park reservations will be axed, park hopping anytime will be reinstated, etc.) and announcing some big investments there to generate excitement both among fans and investors.
4. Look for another big potential purchase, could be another studio/streamer.
If that were the case, they would have silenced Chapek and reduced his exposure weeks if not months ago.
This happened very quickly (for a company that moves as glacially as Disney this may have given some whiplash), I think the Q4 earnings fiasco was the lynch pin to trigger the change.
danlb_2000
Premium Member
"In an unexpected turn of events Disney accidently tries to acquire itself."
GhostHost1000
Premium Member