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Bob Iger Makes “Stark Reversal in Strategy” at Disney

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Bob Iger has been back at Disney for just a few months, but we’re already seeing some big changes.

©Disney

Recently, Iger announced a massive restructuring at the Company, discussed how Disney’s theme park pricing was “alienating” some and how they’re taking steps to change that, and also made comments about Disney managing capacity to shift the mix away from Annual Passholders. So what’s next? Well, it looks like big changes could be on the way when it comes to Disney’s streaming service and Hulu.

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Executive Leadership CHANGE Announced Following Disney’s Restructuring News

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Bob Iger announced a massive Disney restructuring recently and it’s already having a big impact on the Company.

©Disney

The changes, which took place effective immediately, are meant to restore a greater amount of control to Disney’s creative leaders and essentially undo the structure put in place under Bob Chapek. There will be 3 key segments at Disney under this new structure: (1) Disney Entertainment, (2) ESPN, and (3) Disney Parks, Experiences, and Products. But just how is this change impacting Disney’s leadership team? We just got an update.

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CEO Bob Iger Answers a Key Question About His Future With Disney

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Bob Iger returned as Disney’s CEO in November 2022 with a 2-year term and a clear mandate — reorganize the Company for success and find someone else to succeed you as CEO.

©Reuters | Disney CEO Bob Iger

Since that time, we’ve already seen Iger make some big moves. Certain executives have left the company, a massive restructuring was recently announced, Iger has expressed that he is really focused on making streaming profitable, and layoffs and other cost-cutting measures are on the way. But if you, like many others, have wondered just whether 2 years will be enough for Iger to do what he wants and if he’ll stay longer, there’s an update you need to know about.

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“We Thought We Made the Right Decision” — Disney CEO Bob Iger Comments on Bob Chapek Selection

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November 2022 brought sudden DRASTIC changes to the Disney Company.

Bob Chapek and Bob Iger©CNBC

Bob Chapek was swiftly removed as CEO and Bob Iger returned to the position. Since that time we’ve seen a lot about what led to Chapek’s removal and what Iger felt about certain decisions Chapek had made. But now we’ve heard even more from Iger himself about the decision to pick Chapek as his successor.

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Bob Iger’s “Fight for the Future of Disney” Is OVER

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Disney has been in the middle of a huge battle lately, but it has finally ended.

©Disney | Walt Disney Company Headquarters

Activist investor Nelson Peltz and his company (Trian Partners) had initiated a proxy battle at the Walt Disney Company. Peltz’s goal was to get a seat on the Board of Directors at Disney to champion some of the changes he thought needed to be made within the Company. Disney had refused to add Peltz to the board despite Peltz having various meetings with them, and Disney made it clear that they did NOT support Peltz’s move to encourage shareholders to vote for him to grab a seat from another director. One reporter even called this proxy situation Bob Iger’s “fight for the future of Disney.” But it seems the fight is now over.

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Disney Reveals Major News As Critical Date Nears

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We just got some MAJOR updates from the Walt Disney Company.

Walt Disney World

On February 8th, 2023, Disney released its earnings report for the first quarter of the 2023 fiscal year (this covers a period from early October 2022 through December 2022). A lot has changed since the last report we got in November of 2022. Bob Chapek is no longer the CEO, Bob Iger has returned, Disney+ has launched its ad-supported tier, and some park perks are back. Chapek was still CEO for part of the period covered by this earnings call though, and Iger would have only had a few weeks to really change things. So how is the Company doing financially? Let’s find out.

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Is Disney+ LOSING Subscribers? Here’s What the Numbers Say

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Streaming has become a big part of Disney’s business but also a big point of contention when it comes to Disney’s finances.

©Disney

Back in November of 2022, we got an updated look at the Disney+ subscriber numbers but we also learned that Disney’s streaming business as a whole had a loss of nearly $1.5 BILLION. This tremendous loss, among other things, ultimately contributed to the ouster of Bob Chapek as CEO. Since that November report, Bob Iger has returned as CEO and Disney has officially launched its ad-supported Disney+ tier. So what is going on with Disney’s streaming business now? We found out.

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Disney Board Member Salaries Revealed — And They’re Well Over 6 Figures👀

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Disney is one of the most closely scrutinized companies in the world. There is constant analysis and commentary on the company’s finances, strategic decisions, leadership, and the content it produces.

©Fox 11 Los Angeles | Protestors outside Disney headquarters in April 2022

The Walt Disney Company is run by a Board of Directors elected by shareholders. These board members often have many years of executive experience, and they have full-time jobs with huge compensation packages. So, why would anyone who already has a great job want to sign up to be under the kind of scrutiny that these board members are under?

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Why a Random Date in April Will be CRITICAL to the Walt Disney Company

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A critical date is approaching for the Walt Disney Company.

©Disney

For quite some time, Disney has been in a battle with activist investor Nelson Peltz (and Trian Partners). One reporter even called it the “fight for the future of Disney.” Peltz has launched his proxy battle and is encouraging shareholders to vote “withhold” on another board nominee and “for” Peltz, giving him a seat on Disney’s Board of Directors. Disney has made it clear that they do NOT support Peltz’s bid for a seat on the Board. But just when will we know how this battle will end? Well, we’ve got an update!

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