- Kevin Mayer and Tom Staggs, former Disney heir apparents, have returned as advisers to CEO Bob Iger.
- They have been brought on board to help figure out what to do with ESPN and Disney's other television properties.
- Speculation has arisen that their return is also an audition for Iger's job as he looks for a permanent successor.
- Mayer and Staggs have impressive resumes and are currently working together at their investment firm, Candle Media.
- If they end up competing against each other for the CEO job or if Iger passes over them, it will be a moment of high drama.
- Disney CEO Robert Iger has stated that the company's traditional television business, including ABC and ESPN, may not be core to its future.
- This aligns with the vision of former Disney CEO Bob Chapek, who emphasized putting consumers at the center of every decision and integrating digital and in-person entertainment.
- In September, Disney announced perks for Disney+ subscribers related to theme parks, merchandise, cruise lines, and theatrical movies.
- Chapek was ousted in favor of Iger's return just two months after announcing this ambitious vision.
- Selling the linear networks would leave Disney's future primarily focused on its parks and direct-to-consumer businesses.
Disney CEO Bob Iger's search for equity partners for ESPN could result in Amazon acquiring a minority stake in the network to aid in the development of a direct-to-consumer version, joining other potential partners such as the NFL, NBA, MLB, and Verizon.
The return of Bob Iger as CEO of The Walt Disney Company has resulted in continued fights with Florida Governor Ron DeSantis, several box office flops, plummeting attendance at theme parks, and declining subscribers for Disney+ leading to the lowest closing stock price since 2014.
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