News Chapek FIRED, Iger New CEO

[JoeCamel]

Chapek’s contract was just extended a few months ago, right? Is there that much hand-wringing over the future of streaming?

Yes

 

[Big_Shakalaka]

D+ is ticking time bomb. Chapek was incapable of disarming it.

How so?

 

[monothingie]

Honestly. We can't even get the most basic necessities for the parks....parking trams for all 4 parks..

It’s funny how in 2 years everyone forgets how bad it was under Iger with parks. This is by no means a good thing for any parks fan.

 

[fgmnt]

He’s an opportunistic lapdog who’s good at making himself look good.

Unfortunately probably why he will be number one with a bullet.

I am not saying this out of a fanboy devotion to this company, but as someone who finds its resilience and diversity of business so fascinating--you need a unique person to run a unique company. There are no unique people in the C-suites in Burbank.

 

[Nland316]

He’s an opportunistic lapdog who’s good at making himself look good.

So a pretty even mix of Chapek and Iger?

 

[Andrew C]

To make this move, they must be in more trouble than we even thought.

 

[_caleb]

It’s funny how in 2 years everyone forgets how bad it was under Iger with parks. This is by no means a good thing for any parks fan.

Things have definitely gotten worse in the parks since the start of the pandemic.

 

[WondersOfLife]

I think the negative press is a HUGE part of this. Unless Chapek was busted for some indiscretion, I think it came down to those “the magic is gone” stories.

So glad I was able to contribute to this cause.

 

[Smiley/OCD]

Unfortunately probably why he will be number one with a bullet.

I am not saying this out of a fanboy devotion to this company, but as someone who finds its resilience and diversity of business so fascinating--you need a unique person to run a unique company. There are no unique people in the C-suites in Burbank.

It’s true…it’s like those two trains heading towards each other on the same track…now the track has changed, that’s all…

 

[monothingie]

How so?

Last quarter it was a $1.5 billion problem. That’s what got Chapek fired. Everything else was ancillary. Disney Streaming has operated at a lost since it was consolidated all together.

 

[Touchdown]

G+ ain’t going away, nor is dynamic pricing but I’m holding out a little hope for the park reservations and 2pm hopping going away. I mean it would allow them to charge a flat (and inflated) fee to hoppers as they could simply price them at x amount + MK ticket rate.

 

[Andrew C]

Things have definitely gotten worse in the parks since the start of the pandemic.

I thought between 2010 and 2019 the parks actually improved.

 

[Tha Realest]

Does this mean we can get rid of the imbecile running EPCOT so he can be freed to devote his life to his true passion, Instagramming?

 

[Crunchie9]

Woooooow

 

[_caleb]

Disney Streaming has operated at a lost since it was consolidated all together.

But that was the plan

 

[Crunchie9]

Stock is going to fly tomorrow

 

[tanc]

I'm not sure what is going to happen with the parks. As much as I think things may be reverted, I don't think we will get magical express. I don't know if we will still have park reservations. That's awfully a lot to change and what not.

All I hope is everything is at least headed into the right direction. Disney can't have a mistake like this again, it's embarrassing.

 

[SorcererDonald16]

This is a nominally creative company displaying it is completely bereft of creativity from the top-down.

But I am sure everything will sort itself out in due time.

I assume it would never happen, but I wish they would go back to the original way the company was run, one genius creative and one financial genius working together to make the best product and keep the company going and growing. I’m pessimistic any one single person exists who knows the company from a business and personal level who could juggle both sides on their own. If there are or were within the company, they were likely pushed out or held down/back from advancement because that’s ‘not the way it’s done’ anymore.

 

[ChrisFL]

Genie+ won't be going away.
Park Pass reservations won't be going away.
Dynamic pricing on park tickets (and park hoppers) won't be going away.

But hopefully changes are at least coming?

Or am I being too optimistic..

I agree, but part of that is due to staffing which they could improve but it won't happen quickly and that's if they decide to increase staffing for now which probably won't happen for a bit.

However I do think they could increase availability a bit as they were running a lot of things lower than capacity

 

[Vegas Disney Fan]

I personally think this was the plan all along. Let Chappie do all the dirty work until it gets too much push back. Iger rides back in to save things (without actually changing that much). 2.0 gets his golden parachute. And a new narrative is born, forgetting that 1.0 was actually the origin of much of this damage to begin with.

I think the same, Chapek was hired as the fall guy to implement extremely unpopular changes, Iger gets to come back and roll the changes back 25% and look like a hero.

I’m an Iger fan so I’m thrilled with this transition but I dont have massive expectations for things to go back to 2019. Iger wasn‘t huge on park expansion buy at least he maintained the parks and they all improved under his reign, I don’t think anyone would say the same about Chapek.

I don’t feel too bad for Chapek, if my boss offered me $50 million to be the fall guy for 2 years I’d do it in a second.