Change of leadership at Disney: new boss – old

Bob Iger returns to the group, which he left in February 2020. His successor, Bob Chapek, stepped down after just over two years – and a few embarrassing moments.

At Disney, things still don’t go exactly as planned. Although the company posted a profit of $162 million in the most recent quarter, the stock is still on the decline. The reason is in the streaming business. In terms of subscription sales, Disney+ is one of the most successful players along with Netflix, but for this, the “mouse house” releases much more expensive content – including Marvel series and Star Wars. Thus, there was a loss of $1.47 billion in the live streaming operations business. Now the old acquaintance must change everything again.

For example, former CEO Bob Iger, who ran Disney very successfully from September 2005 to February 2020, was brought back. With Iger at the helm, Disney bought Pixar, Lucasfilm (Star Wars), Marvel, and 21st Century Fox, among others. Iger then handed over the reins to Bob Chapek, who ran Disney theme parks shortly before the global outbreak of the coronavirus pandemic. Under Čapek, often criticized decisions were made, such as reducing the exclusive cinema window to 45 days, simultaneously launching Black Widow in theaters and on Disney+, as well as completely canceled theatrical releases of Pixar films soul, Luke as well as blushes, which caused a lot of discontent, especially among the animators. Capek resigned as CEO on Sunday.

However, Iger would only return as CEO of Disney for two years. So the search for a successor will begin soon. It will be interesting to see if Iger returns to focus on the movie business or if Disney+ will also play a very important role with him. Analysts are definitely happy. Disney’s stock price is now heading up again.