News The Walt Disney Company Board of Directors Extends Robert A. Iger’s Contract as CEO Through 2026

WoundedDreamer

Well-Known Member
Peltz is not my idea of a Walt Disney Company savior. But Iger's leadership is just so bad (box office bombs, endless litigation, underinvestment in the parks) that I will take anyone but Iger. This is justice after Iger destroyed a company I love and damaged one of my favorite places. WDW and the WDC are gone either way, but I'll enjoy seeing Iger be humiliated. No one is coming to save Disney. Disney has lost its soul and its purpose. EPCOT is gone. Future World is gone. Splash Mountain is gone. Frontierland (my favorite land at MK) is on the chopping block. Animal Kingdom is being ruined. The resorts are increasingly homogenous and ugly. I mean, what's the point? How could Peltz be any worse? Sure, Iger knows how to use the Walt Disney nostalgia to make it feel better while he ruins the company, but at least Peltz will be honest about it. He wants money. I'll take a guy after money over the two-faced Iger any day.

Funny, Peltz didn't mention the Fox purchase as being a bad thing. If it were bad for the company or dividends or "the magic," then Peltz looks bad for not mentioning it.
Fox has been devastating. The company seems to have lost focus and purpose after that acquisition. They also overpaid by a great deal too. Comcast got the last laugh! Peltz actually mentioned this before:


I’d hate to see the parks separated from the studios but it wouldn’t bother me if they sold off ABC and ESPN and exited the broadcast tv market and sold off Fox purely to generate some cash flow.

I think D+ is close enough to breaking even I’d stay the course, it has a lot of potential and they’ve already experienced the worst of the losses with it, it wouldn’t make sense to abandon it now. If it still isn’t making money in 5 more years then they can either sell it or merge it with another streamer, there’s a lot of options for it either way.
This right here is exactly what they need to do. Exiting the Fox Assets, ABC, and ESPN would set the company up for future success. Moreover, the company should also exit the Hulu business which has nothing to do with the company's core competencies.

The company would come away from the restructuring greatly simplified. Walt Disney Studios (Lucasfilm, Marvel, Pixar, Disney Animation, Walt Disney Pictures), Disney+, Disney Parks and Resorts, and Disney Consumer Products (which should not have been merged with the parks). This whole process would reduce the employee headcount enormously and allow management to focus on fewer problems.

But Iger couldn't let go. He came from the broadcast television world. Unfortunately, he wants to stick with it. If Peltz were to propose this restructuring, I would actually go full team Peltz. I'm only supporting him to get back at Iger, but I would legitimately be excited by this.

You have an interesting, revisionist grasp of Disney history
It only took 5 years for Iger to destroy Pixar. We need Lasseter back!
 

Lilofan

Well-Known Member
Peltz is not my idea of a Walt Disney Company savior. But Iger's leadership is just so bad (box office bombs, endless litigation, underinvestment in the parks) that I will take anyone but Iger. This is justice after Iger destroyed a company I love and damaged one of my favorite places. WDW and the WDC are gone either way, but I'll enjoy seeing Iger be humiliated. No one is coming to save Disney. Disney has lost its soul and its purpose. EPCOT is gone. Future World is gone. Splash Mountain is gone. Frontierland (my favorite land at MK) is on the chopping block. Animal Kingdom is being ruined. The resorts are increasingly homogenous and ugly. I mean, what's the point? How could Peltz be any worse? Sure, Iger knows how to use the Walt Disney nostalgia to make it feel better while he ruins the company, but at least Peltz will be honest about it. He wants money. I'll take a guy after money over the two-faced Iger any day.


Fox has been devastating. The company seems to have lost focus and purpose after that acquisition. They also overpaid by a great deal too. Comcast got the last laugh! Peltz actually mentioned this before:



This right here is exactly what they need to do. Exiting the Fox Assets, ABC, and ESPN would set the company up for future success. Moreover, the company should also exit the Hulu business which has nothing to do with the company's core competencies.

The company would come away from the restructuring greatly simplified. Walt Disney Studios (Lucasfilm, Marvel, Pixar, Disney Animation, Walt Disney Pictures), Disney+, Disney Parks and Resorts, and Disney Consumer Products (which should not have been merged with the parks). This whole process would reduce the employee headcount enormously and allow management to focus on fewer problems.

But Iger couldn't let go. He came from the broadcast television world. Unfortunately, he wants to stick with it. If Peltz were to propose this restructuring, I would actually go full team Peltz. I'm only supporting him to get back at Iger, but I would legitimately be excited by this.


It only took 5 years for Iger to destroy Pixar. We need Lasseter back!
Has Lasseter successfully completed sexual harassment classes and alcohol rehab after he got canned to be considered to join Disney again?
 

Disstevefan1

Well-Known Member
Alien Encounter? It was awesome. Fit the land well. But too many morons brought their young kids on it, despite the warnings, and collectively caused a ruckus as a result.
Alien Encounter was fun, but I must agree it was too scary for little kids and in that way I did not think it fit.

But Stitch was a fine replacement, I do not know why they closed it.
 

Nubs70

Well-Known Member
Nobody is saying the goal isn't worthy. The issue is that he used "be as profitable as Netflix!" as a "plan" without accounting for how long it took Netflix to realize its current performance or acknowledging that D+ is already projected to be profitable by the end of the current fiscal year. Those are details that would weaken his argument if he provided them - and it combines with some of his other comments and past history to show that his real goal is to squeeze whatever he can out of the stock while he's alive regardless of whether or not it's actually good for the long-term health of the company. If people don't like Iger's management then they'd really hate what Peltz would try to do.
Peltz or whomever is going to restructure things. A simple thing would to be do not finance films that cost more to bring to market than bring in return.
 

Lilofan

Well-Known Member
It's simple... But this strategy could work! ;) 🤣
Some of the stars in movies demand certain salaries and get what they want. You think some will ask for minimum to act in a movie? One did and he made bank. Keanu Reeves when making the first Matrix movie took a low salary but a percentage of movie revenues and future Matrix sequels revenue percentages. He's made more than $300M from the Matrix movies.
 

Disstevefan1

Well-Known Member
Stitch sucked. Sorry, but it was awful. AE fit fine. There were warnings. Not everything in MK has to be kid-friendly.
I guess my expectations at WDW have become super low over time but Stitch was fine (much better than a closed attraction) and I do think (while I liked Alien) , it was too scary for little kids.

So we can agree to disagree on this one.

I wish they would put something in that spot.
 

WoundedDreamer

Well-Known Member
Stitch sucked. Sorry, but it was awful. AE fit fine. There were warnings. Not everything in MK has to be kid-friendly.
Everything at the Magic Kingdom has to be family friendly. The Magic Kingdom (and Disneyland) was designed to be a place where families could spend time together. Both young and old could find a place of reassurance and rest. AE was problematic because the Magic Kingdom had built trust with its patrons over the years. All of a sudden there was a part of the Magic Kingdom that couldn't be shared as a family. It was jarring and awful. Hideous and gross.

Did you just come up with that?!
Iger sure didn't...
 

HauntedPirate

Park nostalgist
Premium Member
Everything at the Magic Kingdom has to be family friendly. The Magic Kingdom (and Disneyland) was designed to be a place where families could spend time together. Both young and old could find a place of reassurance and rest. AE was problematic because the Magic Kingdom had built trust with its patrons over the years. All of a sudden there was a part of the Magic Kingdom that couldn't be shared as a family. It was jarring and awful. Hideous and gross.


Iger sure didn't...

Can you share Space Mountain as a family? What about Haunted Mansion? Big Thunder?
 

Disstevefan1

Well-Known Member
Did you just come up with that?!
As obvious and simple as that solution is, we all know Iger's Disney company would NEVER do this.

Iger's Disney does not create their art for ROI.

Iger's Disney creates their art to re educate all people. The money is very low on the priority list.
 

WoundedDreamer

Well-Known Member
Can you share Space Mountain as a family? What about Haunted Mansion? Big Thunder?
Yes, yes, and yes. The content in those rides is completely unobjectionable. Haunted Mansion might be a little scary, but it depends on the kid. You're probably referring to the height requirement. That is a tradeoff, but just the result of physics. Each one of the Magic Kingdom coasters are not very intense. They are palatable to older people and can be children's first forays into rollercoasters. Nothing like having Cast Members pretending to be eaten and being covered in alien slime.
 

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