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DISNEY!!! Iger Back, Chapek Out
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22 posts in this topic

On 11/21/2022 at 9:58 AM, D84 said:

Most of the stuff we haven't liked was greenlit and started under under Iger.

Financially, the stock will temporarily improve, Iger is still seen as successful. Although this somewhat puzzles me, because the Fox deal is still terrible.  From a creative standpoint, things may very well get worse.   Nothing Chapek has approved is anywhere near completion at this point, plus it seems like many of the creative just ignored him anyway.

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On 11/21/2022 at 11:27 AM, drotto said:

Financially, the stock will temporarily improve, Iger is still seen as successful. Although this somewhat puzzles me, because the Fox deal is still terrible.  From a creative standpoint, things may very well get worse.   Nothing Chapek has approved is anywhere near completion at this point, plus it seems like many of the creative just ignored him anyway.

There are market analysts also questioning the Iger succession plan that led to Bob Chapek taking over as CEO, and how the concerns didn't reveal themselves early on.

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On 11/21/2022 at 1:26 PM, Bosco685 said:

There are market analysts also questioning the Iger succession plan that led to Bob Chapek taking over as CEO, and how the concerns didn't reveal themselves early on.

I have already seen a few articles calling it messy.  They mention...

 

1. The succession plan from here, Iger is only signed on for 2 years 

2. He picked Chapek, and then seems to undermine him.

3. Some are pointing out he handed Chapek a mess due to COVID, and is now coming back.  This makes Chapek look like he was set up as a fall guy.

4. Iger is developing a history of elevating people then undercutting them.

5. The properties we are seeing now were all his projects.

6. They just said they were 100% behind Chapek 3 months ago. Again making the board look incompetent. 

7. If Chapek was the right person two months ago, do we truly know the whole picture about what has changed?

Edited by drotto
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On 11/21/2022 at 1:53 PM, drotto said:

I have already seen a few articles calling it messy.  They mention...

 

1. The succession plan from here, Iger is only signed on for 2 years 

2. He picked Chapek, and then seems to undermine him.

3. Some are pointing out he handed Chapek a mess due to COVID, and is now coming back.  This makes Chapek look like he was set up as a fall guy.

4. Iger is developing a history of elevating people then undercutting them.

5. The properties we are seeing now were all his projects.

6. They just said they were 100% behind Chapek 3 months ago. Again making the board look incompetent. 

7. If Chapek was the right person two months ago, do we truly know the whole picture about what has changed?

And with that $71.3B purchase of Fox Studios which Disney is still working to write off those costs, the impact this can have on the balance sheet health. No matter the short-term 'look at how many enrollments in Disney+ we have' or theme park revenue.

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On 11/21/2022 at 1:56 PM, Bosco685 said:

And with that $71.3B purchase of Fox Studios which Disney is still working to write off those costs, the impact this can have on the balance sheet health. No matter the short-term 'look at how many enrollments in Disney+ we have' or theme park revenue.

That Fox purchase is a disaster, and they should be calling Iger out for it. There is no way they will recoup that investment, and they may never be able too.  Certainly bringing the FF and X-Men will help.  The Simpsons are profitable.   Maybe Avatar.  But where do the expect to make $71 billion back from those IP's?  

 

This move, to me,  feels like desperation.  The MCU is still profitable, but losing steam.  Park prices are up, but attendance is down, and satisfaction with the parks is down, with food, hotel, and tickets prices way up. Not to mention the Genie system. China is no longer a viable market, and the park there is still threatened by pandemic stuff. D+ has two more years to be profitable, if they are lucky. The Galactic Star Cuiser is another billion dollar bomb. Reedy Creek and the Florida tax situation is still inresolved. They are still going to need a labor freeze, and layoffs are still a real possibility. We are in or heading for recession. 

 

He handed Chapek a mess, and nothing has changed.  This is a Hail Mary to appease the board and investors.

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On 11/21/2022 at 4:33 PM, drotto said:
On 11/21/2022 at 4:21 PM, Broke as a Joke said:

Disney + goes up to 10.99 a month in December.  Probably time to drop it.

Plus the ad tier is coming.

Sorry if I missed this, but has there been mention of how subscriptions covered by Verizon or other cell phone companies will be handled when it comes to the launch of the ad-tier version?

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On 11/21/2022 at 7:59 PM, awakeintheashes said:

Sorry if I missed this, but has there been mention of how subscriptions covered by Verizon or other cell phone companies will be handled when it comes to the launch of the ad-tier version?

They give you the base package. So, if Disney+ starts rolling out ads, you're gonna get ads with your free sub.

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