Bob Iger back as Disney CEO
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76 Replies |
Last: 3 yr ago by agdoc2001
Holy ***** This is unexpectedly good news.
Disney stock gonna like this.
Disney stock gonna like this.
Bob Iger right now pic.twitter.com/22JciddgE5
— MagicbandManiac+ (@MagicbandManiac) November 21, 2022
— Max G. (@MistaMaxG) November 21, 2022
Not that this is a financial board, but I wonder if some investors will see this as a giant red flag on where the company is, at least short term. It's a pretty panicked move - one of the worlds most visible companies fires their CEO over a weekend and replaces him with a guy who should be playing shuffle board somewhere, as brilliant as he is. The bulls,will,probably win out though, nothing raises stock prices like a name brand ceo.
The GIANT RED FLAG happened, when before he needed to come back at 71 years old.Quote:
Not that this is a financial board, but I wonder if some investors will see this as a giant red flag on where the company is, at least short term.
This is succession planning at its worst. AND HE WAS IN CHARGE OF IT.
Mayer and Stagg- he ran off.
Watch Dana Walden get this.
I think this is what happens when you try to run Disney as a regular corporation.
Hopefully, this means a return to an emphasis on theatrical distribution, and an all-around more focused, better-run company. From what I understand, execs and creatives alike hated Chapek's standoffish, non-collaborative style, reorganization of the company, and basically every choice he ever made.
This furthers my theory that Chapek was a Snoke situation. A faulty clone. https://t.co/VvQojtEOp8
— Richard Newby - Vote Blue and Save Yourselves (@RICHARDLNEWBY) November 21, 2022
— felitzy navidad 🎄 (@itzybitzyminnie) November 21, 2022
Seeing a lot of this talk as well…
Disney - Netlflix merger, managed by Iger? One last great M&A?
— Gregory Ellwood -The Playlist 🎬 (@TheGregoryE) November 21, 2022
Huh
Ponder
Basically, people are saying Iger came back for two reasons…
1) Chapek was Iger's hand-picked successor, and Iger likely wants a do-over, for the sake of his legacy, to spend these next two years selecting and grooming a better fit for the company.
2) Iger also potentially has something massive up his sleeve, re: the rumored Netflix acquisition. Like Marvel and Lucasfilm, one last mega acquisition to really shake things up and put Disney back on top.
1) Chapek was Iger's hand-picked successor, and Iger likely wants a do-over, for the sake of his legacy, to spend these next two years selecting and grooming a better fit for the company.
2) Iger also potentially has something massive up his sleeve, re: the rumored Netflix acquisition. Like Marvel and Lucasfilm, one last mega acquisition to really shake things up and put Disney back on top.
TCTTS said:
Basically, people are saying Iger came back for two reasons…
1) Chapek was Iger's hand-picked successor, and Iger wants a do-over, for the sake of his legacy, to spend these next two years selecting and grooming a better fit for the company.
2) Iger also has something massive up his sleeve, re: the rumored Netflix acquisition. Like Marvel and Lucasfilm, one last mega acquisition to really shake things up and put Disney back on top.
Would the gov allow that type of merger? They have been getting more involved recently especially in the book publishing market.
Also adding more debt for the next guy seems rough. Debt for acquiring as well as the Netflix debt. It always seemed like a house of cards hehe.
[Your comments about that board are the cause of more thread derails on this board than any of the posters on that board. And we are going to start banning you when mention that board on threads that have not been derailed. This is your warning. -Staff]
With this post you are only begging for that conversation to come over here.
I have read that Disney relies on the parks significant profit margin to finance its media side.
As someone that has enjoyed going to WDW regularly with my family I hope he was called into fix the experience at the park. Th changes over the past couple of years has left a bad taste in my mouth. We used to go 1 or 2x a year for the past 12 years. However, after these last couple of visits (most recent a year ago) we have made no plans to go back. It just wasn't as enjoyable.
I've heard many "regulars " have the same opinion. Hopefully some of those issues will be addressed
As someone that has enjoyed going to WDW regularly with my family I hope he was called into fix the experience at the park. Th changes over the past couple of years has left a bad taste in my mouth. We used to go 1 or 2x a year for the past 12 years. However, after these last couple of visits (most recent a year ago) we have made no plans to go back. It just wasn't as enjoyable.
I've heard many "regulars " have the same opinion. Hopefully some of those issues will be addressed
This has to be the biggest reason. The park experience had gone completely downhill with Paycheck, and he seemed to have hated the parks. Ironic since he worked in parks before being CEO.
He put the company bottom line above guest experience at every turn, and people weren't going to tolerate it forever. Could not be happier he's gone.
He put the company bottom line above guest experience at every turn, and people weren't going to tolerate it forever. Could not be happier he's gone.
This is good news. Chapek has really screwed up the brand. Iger better fix stuff fast, though, because things have gone downhill quickly while universal has been steadily climbing. If he doesn't turn things around quickly, they might be in real trouble.
TCTTS said:
Seeing a lot of this talk as well…Disney - Netlflix merger, managed by Iger? One last great M&A?
— Gregory Ellwood -The Playlist 🎬 (@TheGregoryE) November 21, 2022
Huh
Ponder
I really hope not. I'd prefer to hold off the return to cable-like bundles as long as possible. So far, we've been able to manage by cycling streaming services as desired.
I don't think there's any validity behind that at all. Disney already owns Hulu and is dumping tons of money into Disney+, which has been growing steadily. No reason for another huge acquisition when they're still paying off the Fox debt. Would make no business sense.
You are. So are they. All of y'all should just stop bringing it up so threads aren't derailed.
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The parks are the least sexy of Disney's properties, but perhaps the most valuable -- in terms of both revenue and goodwill.The Grinder (99) said:
I have read that Disney relies on the parks significant profit margin to finance its media side.
As someone that has enjoyed going to WDW regularly with my family I hope he was called into fix the experience at the park. Th changes over the past couple of years has left a bad taste in my mouth. We used to go 1 or 2x a year for the past 12 years. However, after these last couple of visits (most recent a year ago) we have made no plans to go back. It just wasn't as enjoyable.
I've heard many "regulars " have the same opinion. Hopefully some of those issues will be addressed
The amount of backlash against Chapek and the direction of the parks has been massive. And it's one area that everyone agrees upon -- both the Disnerds with their Tinkerbell tattoos and middle class vacationers who save for years for a week's vacation.
Of course, parks revenue is up but that's due to all the extra charges and price increases. The overall experience is much worse, and the visible decay of the physical plant is obvious.
Making things worse, Chapek didn't have the personal touch of an Eisner or even Iger. He alienated everyone.
Disney needs to get back to a partnership at the top like Eisner had with Frank Wells. The company was never the same after Wells died and Jeffrey Katzenberg left.
Eisner was a creative visionary, an ideas man. Wells was the money/operations man. Katzenberg was the engine behind the creative. They were a volatile mix but it worked.
Anyone interested in that time period in Disney's history should read the book DisneyWar by WSJ reporter James Stewart.
Eisner was a creative visionary, an ideas man. Wells was the money/operations man. Katzenberg was the engine behind the creative. They were a volatile mix but it worked.
Anyone interested in that time period in Disney's history should read the book DisneyWar by WSJ reporter James Stewart.
I would post my thoughts but I'm too tired from the Disney World Christmas party last night.
Brian Earl Spilner said:
This has to be the biggest reason. The park experience had gone completely downhill with Paycheck, and he seemed to have hated the parks. Ironic since he worked in parks before being CEO.
He put the company bottom line above guest experience at every turn, and people weren't going to tolerate it forever. Could not be happier he's gone.
This is ironic considering Disney's commitment to guest experience and their net promoter score. It used to be that they would bend over backwards to ensure the perfect guest experience.
I haven't been to any of the parks in about 6-7 years, and the last time I went was only to Animal Kingdom because my wife has a friend who works in their animal department. Now that our daughter is about old enough to want to go, I really don't want to hearing how expensive and how much of a hassle everything is. I'm wondering if their new reputation is putting off new guests as well
Disney has turned its back on the average American family and the same has happened in return. Run a park that blue collar Americans can afford to enjoy. Make high quality productions that focus on stories and characters. Back to basics.
But you do not care about F16 or what they think.
Who told you about that thread? I didn't know it existed because I very rarely go there. Surely you didn't venture over there on your own.
Who told you about that thread? I didn't know it existed because I very rarely go there. Surely you didn't venture over there on your own.
I'll wait and listen to The Town podcast with Matthew Belloni to see what the story is.
I didn't want to be the one to say anything given his apparent short fuse with anything I say these days...but I have to say TC, either stop reading that board or at the very least, stop posting about it here.
If there is an obsession, it would seem to be two-way at this point. Nevermind the fact that it's basically that single post in the whole thread, and mostly about you. I see how that would set you off, but you gotta just let that stuff go man.
If there is an obsession, it would seem to be two-way at this point. Nevermind the fact that it's basically that single post in the whole thread, and mostly about you. I see how that would set you off, but you gotta just let that stuff go man.
Yeah. What's the point of even going over there?
Nobody is changing anybody's mind. Just avoid F16 and R&P and be happy.
Nobody is changing anybody's mind. Just avoid F16 and R&P and be happy.
So what has happened with the park? I haven't been in about 20 years but I thought everyone still loved WDW? Haven't they been spending a ton of money on Star Wars stuff and Guardians of the Galaxy rides?
You could get 10 different answers about it, but here's the issues most often talked about.
1. Reservations required for every park, even if you have a ticket. (This was implemented for COVID but never removed, and it was basically a way to limit annual passholders from visiting the parks.)
2. Lightning Lane -- This has been a disaster from day 1. Basically just another way to nickel and dime parkgoers for a service which used to be free. (Fastpass) If you don't pay for an individual ride, do not expect to get on the most popular rides that day unless you're willing to stand in line for 2+ hours.
3. The price of everything, especially tickets and food, has climbed significantly. (Even with inflation taken into account.)
4. Not investing enough in the parks. There's basically nothing major on the horizon right now except for opening the TRON Coaster, which has been under construction for years at this point. Nothing upcoming to compete with Universal's new Epic Universe.
5. Not enough people re-hired after the COVID layoffs. People are reporting more and more stuff that you'd NEVER see at a Disney park previously, such as overflowing trash cans, parts of rides were non-operational, etc. Overall guest experience had taken a big hit because of this.
1. Reservations required for every park, even if you have a ticket. (This was implemented for COVID but never removed, and it was basically a way to limit annual passholders from visiting the parks.)
2. Lightning Lane -- This has been a disaster from day 1. Basically just another way to nickel and dime parkgoers for a service which used to be free. (Fastpass) If you don't pay for an individual ride, do not expect to get on the most popular rides that day unless you're willing to stand in line for 2+ hours.
3. The price of everything, especially tickets and food, has climbed significantly. (Even with inflation taken into account.)
4. Not investing enough in the parks. There's basically nothing major on the horizon right now except for opening the TRON Coaster, which has been under construction for years at this point. Nothing upcoming to compete with Universal's new Epic Universe.
5. Not enough people re-hired after the COVID layoffs. People are reporting more and more stuff that you'd NEVER see at a Disney park previously, such as overflowing trash cans, parts of rides were non-operational, etc. Overall guest experience had taken a big hit because of this.
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