Wow. This is the end of an era. I know a lot of us tend to say stuff like this for even the most minute stuff here online, but this is most definitely the end of an era. After taking over as CEO for the Walt Disney Company, Bob Iger quickly began the strategy of ACQUIRING EVERYTHING UNDER THE SUN. The first thing that was acquired was Pixar Animation Studios. With it came John Lasseter who helped reinvigorate the failing Walt Disney Animation Studios.
Under Eisner’s reign, Disney had started to gain a reputation for weak stories and cheap cash grabs, usually in the form of direct-to-video sequels. Iger’s reign brought an end to that. While he was CEO, he also oversaw the acquisition of Marvel Entertainment, Lucasfilm, and 21st Century Fox.
Marvel Studios has gone on to be the driving force of blockbuster filmmaking today. Lucasfilm — while having a less easy time — still generally rakes in over a billion dollars every film. While Fox’s own worth is still in the works, it’s in pretty good company, and we can hope there’s a plan in place to incorporate it into Disney’s greater plan. They’re already starting this process with the rebranding as 20th Century Studios. Finally, Iger has spearheaded the launch of Disney+, which has had one heck of a successful launch, raking in just south of 30 million subscribers in a few months.
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So, who is taking on the role of CEO? The name is Bob Chapek, chairman of Disney Parks, Experiences and Products. Chapek has spent almost three decades at the Walt Disney Company.
“With the successful launch of Disney’s direct-to-consumer businesses and the integration of Twenty-First Century Fox well underway, I believe this is the optimal time to transition to a new CEO,” Iger said.
Iger added, “I have the utmost confidence in Bob and look forward to working closely with him over the next 22 months as he assumes this new role and delves deeper into Disney’s multifaceted global businesses and operations, while I continue to focus on the Company’s creative endeavors.”
“I am incredibly honored and humbled to assume the role of CEO of what I truly believe is the greatest company in the world, and to lead our exceptionally talented and dedicated cast members and employees,” Chapek said.
“Bob Iger has built Disney into the most admired and successful media and entertainment company,” Chapek continued. “And I have been lucky to enjoy a front-row seat as a member of his leadership team.”
This change in leadership takes effect immediately, but Iger will assume the role of executive chairman and will lead the board through 2021 — so his influence will likely still be felt until then.
But still…it’s the end of an era, to be sure. What do you think of this change in leadership? Are you optimistic? Let us know your thoughts down below!
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