News Chapek FIRED, Iger New CEO

[Sirwalterraleigh]

I'm hearing B. Chapek will be reporting to B. Iger. Iger will also be maintaining creative input during the remainder of his contract as executive chairman.

That is neither realistic nor possible in a public company.

Corporate bylaws must be observed in a public company. The new CEO cannot report to the former CEO who just invented a new title not defined.

That works in the Russian “parliament”...not in Burbank or on Wall St

Keep in mind that the individual studios are run by others. This won't change what Feige is doing, or Kennedy (or her successor). Pixar should also be untouched because Chapek doesn't know jack about animation.

...now here we go...I bet it won’t be JJ Abrams.

 

[Sirwalterraleigh]

I checked out at "Lucasfilm is moving into dangerous territory for profitability".

Check back in after you do some research

 

[WDW862]

Coronavirus and Bob Chapek becoming CEO is a big fat RIP to cm hours

 

[Kamikaze]

He put IP anywhere he could in parks now he's responsible for the entire company.

Its more because he has forced heavy cuts into parks and resorts. IP would be happening regardless. Chapek is the one messing with budgets.

 

[aladdin2007]

I'm wondering whether his new distance from the parks will have him less closely connected to where those resources are allocated. That would be the best case scenario. Worst case...well I think I better ride the likes of Mr. Toad's Wild Ride, Splash Mountain, Spaceship Earth, and possibly Tower of Terror while I still can, because "give resources to the parks" isn't necessarily a good thing (historically Chapek was more into over-budgeted replacements than new builds). Either way you're right, I think we'll see more parks investment than we did under Iger.

My pick for DPEP is Josh D'Amaro.

But he just took on the role of WDW pres, would they change that already??

 

[BigYikesFromMeDawg]

Its more because he has forced heavy cuts into parks and resorts. IP would be happening regardless. Chapek is the one messing with budgets.

Yes. Forgot about cuts. This is doubly bad news for parks

 

[EvilChameleon]

There's only one Bob I care about...

 

[trainplane3]

View attachment 451887

The markets don't seem to like the news.

Hey @realBobChapek, you wanted to put a coaster in Epcot right? I found one. The drop looks nice but there aren't that many hills after that.

 

[PBJelly]

So excited!

 

[Tony the Tigger]

There will be wailing and gnashing of teeth…and shrugging of shoulders…and buying of churros...

 

[Piebald]

Was just looking at their stock plummeting earlier today (along with Nike, Delta and everyone else affected by coronavirus)

 

[HauntedPirate]

In other news the SSE closure date was just buried announced.

Good, maybe I'll test out the 4k video capabilities of my phone on it in about 10 days.

 

[Stripes]

Its more because he has forced heavy cuts into parks and resorts. IP would be happening regardless. Chapek is the one messing with budgets.

Under Chapek, the parks are investing massively in new projects. Quite frankly, the reasons to hate Chapek are: (1) more IP and (2) price increases. But capital investment is quite strong. Stronger than it has been in decades.

Disney Is Spending More on Theme Parks Than It Did on Pixar, Marvel and Lucasfilm Combined (Published 2018)

The company is spending billions to supercharge its theme park division, which has emerged as a surprisingly strong moneymaker.

nyti.ms

 

[Kamikaze]

...now here we go...I bet it won’t be JJ Abrams.

Considering that HBO has him under contract, I would say not.

 

[marni1971]

Under Chapek, the parks are investing massively in new projects. Quite frankly, the reasons to hate Chapek are: (1) more IP and (2) price increases. But capital investment is quite strong. Stronger than it has been in decades.

Disney Is Spending More on Theme Parks Than It Did on Pixar, Marvel and Lucasfilm Combined (Published 2018)

The company is spending billions to supercharge its theme park division, which has emerged as a surprisingly strong moneymaker.

nyti.ms

DCA wasn’t cheap either. But when you have one coaster worth nearly half a billion you have to question where is the money going and is it being well spent.

 

[brb1006]

Chapek and Iger are now on CNBC.

 

[ProjectXBlog]

DCA wasn’t cheap either.

or pixar pier

 

[bartholomr4]

Watching on CNBC.... Chapek looks like he's been beaten.... No smile... Amost a frown

 

[Kamikaze]

Under Chapek, the parks are investing massively in new projects. Quite frankly, the reasons to hate Chapek are: (1) more IP and (2) price increases. But capital investment is quite strong. Stronger than it has been in decades.

Disney Is Spending More on Theme Parks Than It Did on Pixar, Marvel and Lucasfilm Combined (Published 2018)

The company is spending billions to supercharge its theme park division, which has emerged as a surprisingly strong moneymaker.

nyti.ms

Just. No. They're investing in the parks because they have to. Cutting hours and spreading budget is Chapek's deal.

Watching on CNBC.... Chapek looks like he's been beaten.... No smile... Amost a frown

Thats just what he looks like.

 

[KBLovedDisney]

Watching on CNBC.... Chapek looks like he's been beaten.... No smile... Amost a frown

He must be reading these threads instead of the teleprompter.