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News The Walt Disney Company Board of Directors Extends Robert A. Iger’s Contract as CEO Through 2026
- Thread starter DCBaker
- Start date
el_super
Well-Known Member
Quality? Eh that's debatable. The cost is certainly hurting them though. People are still going to see their movies and driving Disney+ sales, but its not happening at the levels that can support their previous spending habits.
I've read that a lot of the budgets for productions released in the last year were reflecting increased costs due to COVID production restrictions and delayed timelines, which to a degree makes sense. That could mean that productions budgets are naturally going to start falling back down with future releases, without any real change in quality, which to me, is still pretty high.
Disney's real problem right now is finding the balance between raising Disney+ rates to generate revenue and setting productions budgets to reasonable levels. They can't keep releasing 200M-300M dollar movies to a group that is paying $7.99 a month or less.
Prince-1
Well-Known Member
Hardly anyone cares about this at all.
Prince-1
Well-Known Member
Please share whatever you are smoking because it must be some really really good stuff!!
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flynnibus
Premium Member
Partially - He was only on the board until end of 2021. He stayed on the board after putting Chapek in and then sunsetted himself (including his board seat) as part of the planned timeline that wrapped up end of 2021. Chapek was made CEO in Feb 2020. Nov 2022 Iger returns.
pdude81
Well-Known Member
JoeCamel
Well-Known Member
I think the other poster has moved on to the hard stuff, you know "is on the dust"...
Sirwalterraleigh
Premium Member
…well since all the decisions leading to “ship righting” were his to begin with…
…not at all an impressive feat.
He’s like the town fire captain and arsonist
Stripes
Premium Member
Many of the “ship righting” decisions were actually correcting decisions made by Chapek such as the corporate structure. Many of the decisions were also not “ship righting” decisions in that they weren’t correcting past decisions but rather adapting to a new business environment.
Sirwalterraleigh
Premium Member
Seems like a whole lot of “rigging”, don’t it?
You might be the last to realize:
Chapek was never in control of anything. There just wasn’t enough time even if he wanted to be.
It was all spelled out in detail in that article that came out about a month ago. The old hit job after the purge and scapegoating.
Follow the timeline…
Bob “retires” as a Covid coward. Waits and then has his puppet board axe the placeholder…so he can return with bread and circuses for everyone.
…but the world moved past his business policies and schtick…
So now Disney is a rather large buy/exploit/disassemble candidate.
And we’ve truly completed the circle that he convinced himself he was better than.
Dranth
Well-Known Member
I know you hate Iger but we have multiple examples of Chapek doing something Iger did not want. For example, there is a ZERO percent chance Kareem Daniel is put in charge of anything if Iger maintained the control you think he had. How about Imagineering being gutted and a hospital architect put in charge?
Sure, Iger was meddling but Chapek still managed to do plenty of things that Iger was not happy about so this control you think he had didn't amount to as much as you seem to think.
Also, I keep seeing this argument that Chapek didn’t have enough time to change much but if almost three years is not enough time to makes changes as a CEO, then why on earth are people constantly bagging Iger for not changing things fast enough since his return? It hasn’t even been a year. At least on this point people need to stop trying to have it both ways.
Sirwalterraleigh
Premium Member
But what did they actually DO?
Nothing…parking fees in wdw and ordered some more cheap merch.
The wheels don’t turn that fast.
The one semi-tangible thing was killing magical express. There was even some comments from Iger grumpy…
Well that was the first thing they brought back, right?
No? So maybe that cake was baked too.
The lack of any movement since sweater ferret came back tells you what you need to know:
1. Greenlit sequels
2. Nothing in parks…smoke and bluster…trailers at river country
3. Incessantly talking about costs for stream, movies and dumping cable…but doing squat.
4. No changes to bad services practices and price increases…just making them worse as attendance falls in Orlando. Puts the screws to Anaheim.
Tha Realest
Well-Known Member
remember the talk about how WDW was going to ramp up its spending after Oct 1 and really get to using that $17 billion $60 billion to aggressively make good on all the promised expansion?
Any updates on that?
Any updates on that?
Sirwalterraleigh
Premium Member
I have an update: it was crap to sell to fools.
Instead they’ll continue to raise prices as they cut corners. S.O.P.
Dranth
Well-Known Member
This is exactly what I am talking about. Three years is not enough time for Chapek to change anything but somehow in 10 months everything should be fixed or else it was Iger all along!
Yes, and my bet is he has greenlit some other movies as well. I also bet that on average they turn out better movies because of the restructuring Iger pushed through. Either way, 10 months is not enough time for a movie to be greenlit, finish the script writing process, film it, go through post production and then release so we have a bit longer to go to see how Iger has impacted this area. To expect to see results this soon is unrealistic.
So, Iger should have solid plans in ten months despite walking into an empty Imagineering? Even though he inherited that mess of a vague outline of a plan that was presented at the 2022 D23? You don't think bringing back an actual Imagineer that has some idea of what they are doing to run things is progress? The changes they made in a few months before the Destination D presentation this year is not a step in the right direction? Somehow the 5 months Vaughn has been back should have been enough time to start construction on new rides and expansions?
What? They have significantly cut costs and raised pricing to make D+ profitable as soon as possible without driving it into the ground. What else are you expecting them to do? As for movies, you have no idea what they have done to address the costs of studio productions as none have been released under the new structure. Finally, how is having talks with other companies about selling assets doing squat? What world do you live in where these kinds of talks for selling expensive, massive assets don’t take a long time to both find a buyer and iron out details?
They have done more than I think you give them credit for but I agree they need to do more. My guess is Iger is focusing on the high level stuff and ignoring this which is pretty typical of his MO and a short coming of his in my mind.
JD80
Well-Known Member
Oh, you didn't know that all CEOs have a special, invite only, Ebay site where they can buy and sell broadcasting networks? They've been too lazy to make a posting bro.
flynnibus
Premium Member
No i don’t remember… where’s the link?
BaconPancakes
Well-Known Member
Indy_UK
Well-Known Member
TrainsOfDisney
Well-Known Member
I don’t think Iger could explain in 1 sentence what the Walt Disney company is. That’s part of the problem. There are too many departments and they aren’t working together.