Disney has reiterated its opposition to activist investor Nelson Peltz’s attempt to secure a seat on the company’s board in a letter to shareholders made public in its latest Securities and Exchange Commission filing. Outlining its board’s reasoning in deciding not to recommend Peltz, Disney said that the latter and his Trian Group representatives “had […]
Last week, when Disney CEO Bob Chapek announced there would be widespread job cuts across the company, no one could have imagined he would be the first out of the door. But on Sunday, employees received a bombshell memo from former CEO Bob Iger, saying that Chapek was out – and that he would be […]
The board of the Walt Disney Company has voted to renew embattled CEO Bob Chapek’s contract for a further three years. The former Disney Parks boss was chosen to succeed Bob Iger in early 2020, with his appointment coming just prior to the Covid-19 pandemic. He has been with the company for nearly 30 years […]
The Walt Disney Company has revealed that its now has 137 million paid subscription across its direct-to-consumer services and has unveiled plans to up its streaming efforts, including details of the launch of international general entertainment content brand Star. At a virtual investor day held yesterday, the company announced that, as of December 2, its […]
A global total of more than 50 million Disney+ subscribers was not enough to plug the gap in the company’s balance sheet left by the coronavirus pandemic. The ongoing health crisis has left Disney reeling, with the parks segment alone losing out on an estimated US$1 billion in revenue according to new CEO Bob Chapek. […]
Direct-to-consumer products like Disney+ and Hulu are the “most important” to new Disney CEO Bob Chapek. Speaking to Comcast-owned CNBC, Chapek said that he has “huge shoes to fill” and that outgoing CEO Bob Iger’s legacy in the company has been “profound.” In the interview, Chapek was sat alongside now executive chairman Iger, very much […]
Bob Iger, the 69-year old CEO of the Walt Disney Company, is stepping down from his post with immediate effect. He will be succeeded by the company’s chairman for parks, experiences and products, 27-year Disney veteran Bob Chapek. The CEO previously had announced he would leave the role at the end of his contract on […]
Bob Chapek, chairman of Parks and Resorts at Disney, is emerging as the most likely candidate for CEO Bob Iger, according to reports. Iger has postponed retirement for three years and it’s looking like that he will soon step down making way for Chapek, according to Bloomberg. Iger is scheduled to retire in July 2019. […]
