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Thursday, February 22, 2024
FeaturedFilm / Television / MediaNew

Bob Iger’s Return, Changes, Reorg And An Impending Earnings Report

magic kingdom entrance disneyworld

Disney is undergoing a major restructuring that includes layoffs and a shakeup in its leadership. In a insightful move, the company fired Bob Chapek from the job of CEO of Disney following his dismal performance with the company including colossal mistakes with the theme parks and dealing with stars like Scarlett Johansson (see the article about her suing them after getting ripped off on money due her ). In a smart follow up to that firing Bob Iger, the former CEO of Disney, returned to an executive role as executive chairman, which he had until 2020 and the hope of many is that he can undo the damage Chapek did.

According to a recent article in Deadline, Disney is undergoing a major restructuring that includes layoffs and a shakeup in its leadership along with rumors of restructuring and shuffling of execs and new organization set ups. All this is in preparation for the next quarterly earnings report February 8, 2023. They need to come out with plans and results.

Chapek killed a lot of good will Disney had amongst the industry and fans and families. Hopefully Iger will hit the ground running and do what needs to be done.

Deadline reports that the movie studio, currently riding high with Avatar: The Way of Water, is not expected to be part of the pending cuts and reorganizations.

One this immediately on the chopping block was the Chapek created “Disney Media and Entertainment Distribution ” – This division was created as a way of centralizing distribution decisions under Kareem Daniel, a Chapek installed exec who left the company the day after his boss was fired. It’s being reported that Iger is not a fan of this division and it shows with his immediate changes there.

Areas still in question are ABC Studios and 20th Century Fox Television studios who are unlikely to merge but need to be sorted out.

As already mentioned there is an earnings report coming up and Iger and his team need to appease Wall Street and investors while most normal people are just thrilled to see Chapek gone and Iger back to fix the mess.

K.B.
the authorK.B.

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