Disney Gets Even More Bad News After Series Of Failures

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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Relevant topic timeline:

8/1/2023

Iger Produces His Own Disney Drama

- 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.

8/2/2023

Disney’s New Boss Sounds a Lot Like the Old Boss

- 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.

8/24/2023

Disney falls further, AMC drops as market awaits stock conversion

Disney's stock is on course to reach its lowest level since 2014, showing a significant drop in market capitalization since Bob Iger returned as CEO, while AMC's stock is falling as investors anticipate its stock conversion.

8/24/2023

Disney Stock Closes at Lowest Price in Nearly a Decade

The Walt Disney Company's stock price hits a nine-year low, closing at $82.47 per share, due to various factors including the impact of COVID-19 and disappointing third-quarter results, with Disney+ subscriber numbers falling short of forecasts.

9/6/2023

New Report Portrays Bob Iger and Bob Chapek as Childish and Insecure: Petty Details Abound

Former Disney CEO Bob Iger and his successor Bob Chapek had a tumultuous relationship, with Iger being portrayed as childish and petty, and Chapek describing his tenure as "three years of hell," according to a CNBC report based on interviews with over two dozen people.

9/7/2023

Disney's CEO Bob Iger reportedly refused to give up his office to successor Bob Chapek because it had a private shower and vanity

Disney's former CEO Bob Iger was reluctant to give up his office, which included a private shower and vanity, when his successor Bob Chapek took over, leading to a power struggle between the two executives.

9/7/2023

Disney Sale to Apple Back on Table Under Iger's Leadership Extension, Insiders Say

Disney's former and current executives believe that CEO Bob Iger's ultimate plan is to sell the company to Apple, a potential acquisition that analysts have been speculating about for years.

9/14/2023

Declining Viewership and Rising Sports Costs Put Pressure on Broadcast TV Networks

Walt Disney CEO Bob Iger is considering options for the company's traditional broadcast and cable businesses, including the potential sale of ABC, as streaming services and declining viewership threaten the future of linear TV.

9/21/2023

Disney to Refocus on Entertainment, Drops Parts of Lawsuit Against DeSantis

Disney CEO Bob Iger announces that the company will shift away from cultural issues and focus on creating entertaining content, amid a legal battle with Florida Gov. Ron DeSantis over the "Don't Say Gay" law.

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Posted 8/25/2023, 1:51:03 AM

Disney Gets Even More Bad News After Series Of Failures

outkick.com

Relevant topic timeline:

8/1/2023

Iger Produces His Own Disney Drama

8/2/2023

Disney’s New Boss Sounds a Lot Like the Old Boss

8/24/2023

Disney falls further, AMC drops as market awaits stock conversion

8/24/2023

Disney Stock Closes at Lowest Price in Nearly a Decade

9/6/2023

New Report Portrays Bob Iger and Bob Chapek as Childish and Insecure: Petty Details Abound

9/7/2023

Disney's CEO Bob Iger reportedly refused to give up his office to successor Bob Chapek because it had a private shower and vanity

9/7/2023

Disney Sale to Apple Back on Table Under Iger's Leadership Extension, Insiders Say

Disney's former and current executives believe that CEO Bob Iger's ultimate plan is to sell the company to Apple, a potential acquisition that analysts have been speculating about for years.

9/14/2023

Declining Viewership and Rising Sports Costs Put Pressure on Broadcast TV Networks

9/21/2023

Disney to Refocus on Entertainment, Drops Parts of Lawsuit Against DeSantis