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

[Basil of Baker Street]

There are 2 things I know to be true.

1. Bob Iger will be the next CEO.
2. I could roll a ball across home plate and Carlos Stanton would swing at it.

 

[MisterPenguin]

I'm not sure what doesn't reality you may be living in, but a simple glance at their box office history over the past 15 years tells you everything you need to know.

The new Star Wars trilogy is reviled by the enormous fan base. And now, their shows are also not pulling in viewers and subscribers.

The MCU has faded into near irrelevance due to a huge and intentional shift in focus away from their most popular characters. Again look at box office numbers and the number of viewers on their Marvel shows over the years.

Their public image has been severely damaged as well, indicated clearly by looking at Rasmussen polls. There's a lot more proving this fact, and nothing that refutes this data.

https://www.rasmussenreports.com/pu...ey_to_return_to_family_friendly_entertainment

The above are based on numbers and facts.

You can choose to deny them, be mad about them, etc. But facts are facts.

In your version of reality, you think this word salad is enough for investors to sue.

They have.

And they lost.

You're living in the wrong reality.

 

[the_rich]

In your version of reality, you think this word salad is enough for investors to sue.

They have.

And they lost.

You're living in the wrong reality.

Mcu has faded? Their box office is down? Hmmm. Any studio in the world would love to have Disney's track record. Currently IO2 is going to become the biggest animated film of all time and tracking has Deadpool vs wolverine opening to over 250 million..they really are hurting lol

 

[Dan Deesnee]

In your version of reality, you think this word salad is enough for investors to sue.

They have.

And they lost.

You're living in the wrong reality.

You do realize that those lawsuits can be brought up more than once right? As things change their case to sue Disney can grow, and it likely has. I'm not sure what point you're trying to make.

It's almost as if you're asserting that because the investor lawsuit failed that means all of the data and facts that I presented are irrelevant.

That would be an interesting position to take...

 

[Dan Deesnee]

Mcu has faded? Their box office is down? Hmmm. Any studio in the world would love to have Disney's track record. Currently IO2 is going to become the biggest animated film of all time and tracking has Deadpool vs wolverine opening to over 250 million..they really are hurting lol

Yeah, they are hurting.

https://www.reddit.com/r/marvelstudios/s/DzzpNpL35u

Estimated 1.3 Billion loss for Disney at the 2023 box office.

And I made no mention of the stuff about to come out. Go pull the box office numbers yourself, clearly you haven't or you'd realize that it's not about what I said being right, it's about what I said being factual.

 

[MisterPenguin]

It's almost as if you're asserting that because the investor lawsuit failed that means all of the data and facts that I presented are irrelevant.

That would be an interesting position to take...

It's almost as if you're asserting that things are bad enough -- in your opinion -- that a suit against the board would work.

Despite knowing it's already failed.

What an interesting position to take.

 

[SobchakSecurity]

Their public image has been severely damaged as well, indicated clearly by looking at Rasmussen polls. There's a lot more proving this fact, and nothing that refutes this data.

https://www.rasmussenreports.com/pu...ey_to_return_to_family_friendly_entertainment

Rasmussen Reports is not a serious polling company anymore. Ever since founder Scott Rasmussen left in 2013, it's been under fire for releasing suspect numbers and refusing to release simple information about its methodology. The past few years it has essentially become a "polling outfit" that releases numbers only to gin up a new grievance-based news cycle for certain groups or to further a certain agenda.

The "poll" linked here was taken just after ABC's 538 dropped Rasmussen Reports from its analysis. So it's no wonder they would release something with these numbers with the intention of creating a news cycle designed to hurt Disney.

 

[monothingie]

Disney is still pulling in *billions* of dollars in *profits* each quarter

But that’s not the Wall Street game @MisterPenguin.

All that matters is your year over year quarterly growth and forward guidance.

 

[Vegas Disney Fan]

They have been. And the suits keep getting tossed because they, and you, don't seem to understand *true* negligence or incompetence.

Disney is still pulling in *billions* of dollars in *profits* each quarter.

Making a case that the company is being destroyed is built on ideology and politics, not reality.

Disney is insanely profitable still but it’s becoming more and more dependent on the parks to do it, that may change if the movie division starts seeing profits again and D+ becomes profitable but being so reliant on one division exposes them to downswings in the economy. If a 2002 or 2008 tourism crisis happened again they’d be far more exposed now than they were then.

 

[MisterPenguin]

But that’s not the Wall Street game @MisterPenguin.

All that matters is your year over year quarterly growth and forward guidance.

But that's not my point.

The context of my posts was responding to the claim that the Disney Board/CEO could be sued for incompetence/negligence.

And pointing out how that has failed and why. The Delaware courts aren't going to deal with shareholders who think their stocks should be doing better, else every corporation in existence with falling stock prices would be dragged through the courts.

And that's not the reality.

 

[Lilofan]

Disney is insanely profitable still but it’s becoming more and more dependent on the parks to do it, that may change if the movie division starts seeing profits again and D+ becomes profitable but being so reliant on one division exposes them to downswings in the economy. If a 2002 or 2008 tourism crisis happened again they’d be far more exposed now than they were then.

I don't know if in crisis mode but I read FL has now record inventory of single family homes and condos. One issue is not many can afford to buy a home.

 

[MisterPenguin]

Disney is insanely profitable still but it’s becoming more and more dependent on the parks to do it, that may change if the movie division starts seeing profits again and D+ becomes profitable but being so reliant on one division exposes them to downswings in the economy. If a 2002 or 2008 tourism crisis happened again they’d be far more exposed now than they were then.

Linear TV is still bringing in big bucks, tho, less and less each year as linear is dying.

In the end, linear will be niche and home entertainment will be almost exclusively streaming. Disney is pivoting to that. And way ahead of NBC and CBS in doing so.

 

[Trauma]

After watching the Dark Universe announcement it’s very clear Universal is on top of their game.

Disney will definitely be losing 2-3 days of my families Orlando time.

 

[monothingie]

But that's not my point.

The context of my posts was responding to the claim that the Disney Board/CEO could be sued for incompetence/negligence.

And pointing out how that has failed and why. The Delaware courts aren't going to deal with shareholders who think their stocks should be doing better, else every corporation in existence with falling stock prices would be dragged through the courts.

And that's not the reality.

But it does have an impact. Profit or lack of profit, does not determine success on the street. It's how much more could have been made (or lost), the unrealized gains (or losses) as a result of their actions.

 

[MisterPenguin]

But it does have an impact. Profit or lack of profit, does not determine success on the street. It's how much more could have been made (or lost), the unrealized gains (or losses) as a result of their actions.

It's clear you want a fight on a issue I didn't broach. Have at it, I won't join into your rude attempt to make this about an argument you feel you can win.

Good day.

 

[Dranth]

Yeah, they are hurting.

https://www.reddit.com/r/marvelstudios/s/DzzpNpL35u

Estimated 1.3 Billion loss for Disney at the 2023 box office.

And I made no mention of the stuff about to come out. Go pull the box office numbers yourself, clearly you haven't or you'd realize that it's not about what I said being right, it's about what I said being factual.

Disney had a bad year at the box office in 2023 but that number is being calculated by people using the estimated budget * 1.5 to account for marketing costs. Unfortunately, that is an inaccurate way to calculate box office returns as you end up with inflated costs that make things look worse than they are.

Using their quarterly filings, it looks like Disney lost $654 million in the segment that theatrical releases go under for 2023. Those losses would have been offset by any profit from DVD or Blu-ray sales or licensing for live entertainment. I doubt either of those accounts for an additional $700 million of losses that would be needed to get to that 1.3 billion number.

Again, not claiming last year wasn't a disaster at the box office, it was, but the actual losses are a good chunk less than people think.

ETA: My numbers are from FY 2023. If you want calendar year 2023 it would be around a $665 million loss.

 

[Vegas Disney Fan]

Disney's Next CEO: Kevin Mayer Hints Bob Iger's Successor Will Be Revealed Soon​

Disney's Next CEO: Kevin Mayer Hints Bob Iger's Successor Will Be Revealed Soon

Disney's Next CEO: Kevin Mayer Hints Bob Iger's Successor Will Be Revealed Soon

www.wdwmagic.com

I will be absolutely shocked if it isn’t Dana Walden, none stand out as more qualified than the others, D‘Amaro probably a little less overall experience than the rest, and if they choose her it’ll “make history” as she’ll be their first female CEO. I really can’t see any scenario where she doesn’t get it.

 

[Dranth]

After watching the Dark Universe announcement it’s very clear Universal is on top of their game.

Disney will definitely be losing 2-3 days of my families Orlando time.

That was the first one they have done I was excited to see and made me want to actually go for more than just curiosity.

 

[mysto]

Whoever is running Universal has been doing a better job that Disney at selecting a vision and direction. Universal is building out their parks as best they can with the land they can get while Disney has wasted much of their time and money on media buyouts.

Bob seems to be coming around, but the visionary leader should be ahead of these things. I'm not usually on-board with the "management sucks" mantra but this mistake counts. I'm looking at it as a mistake that's in the past at this point.

 

[Tha Realest]

I will be absolutely shocked if it isn’t Dana Walden, none stand out as more qualified than the others, D‘Amaro probably a little less overall experience than the rest, and if they choose her it’ll “make history” as she’ll be their first female CEO. I really can’t see any scenario where she doesn’t get it.

At the end of the day, despite being a parks company and a cruise line and a burgeoning streamer, they’re known as a studio. There’s a history there of the acquired company leaders leapfrogging over longer tenured folks. Out of the names listed, she checks the most boxes, is savviest at playing the media game, has experience in the core competency of the studio, and checks certain boxes.

And she’s developed a personal friendship with Iger as a walking buddy.

She is clearly the strongest candidate. The board will not go back to a “parks guy” to lead the company again.