Bob Chapek Latest Celebrity News & Gossip

Disney is moving back closer to how things used to be run on the content side with the creation of a new Disney Entertainment unit that will encompass TV and film.

As Disney reported better-than-expected financials for the fiscal first quarter, CEO Bob Iger said the company is “embarking on a significant transformation” that will reshape the company he rejoined last November.

The initial exuberance and relief following Bob Iger’s return as Disney CEO has been replaced by anxiety as speculation about a pending corporate restructuring is intensifying — and with it, rumors about the layoffs that are likely to follow.

Former Disney chief executive Bob Chapek earned $24 million in fiscal 2022, down sharply from $32 million the year before, the company revealed in its proxy Tuesday.

Disney came out swinging Tuesday against Trian Partners and owner Nelson Peltz, the activist investor who’s pushing a proxy fight to take a seat on Disney’s board. “The current board is the right board for Disney shareholders,” the company said in a filing today with the SEC. “Nelson Peltz does not understand Disney’s business and lacks the skills and experience to assist the board in delivering shareholder value in a rapidly shifting media ecosystem.”

Investor Nelson Peltz’s broadside against the the Walt Disney Co., and the prospect of rare proxy fight at the media giant, stunned media circles this week — and a flurry of SEC filings over the past few days suggest plenty more fireworks to come.

Don’t say Disney isn’t a practitioner of theatrical windows: Their $821M-plus grossing Marvel Studios hit Black Panther: Wakanda Forever will finally land on Disney on Feb. 1, 82 days after its U.S. theatrical release. The movie opened on Nov. 11 to a stateside gross of $181.3M, $331.6M WW.

In about 698 days, the Walt Disney Company is supposed to have its fourth CEO in three years.

The King of the World won’t be at the L.A. premiere tonight for Avatar: The Way of Water after testing positive for Covid.

Yesterday’s DC chaos about the unplugging of Patty Jenkins’ version of Wonder Woman 3 coupled with rampant rumors of the studio’s new co-heads James Gunn and Peter Safran turning the comic book label upside down sans a Henry Cavill Man of Steel 2 and possible re-casting of many current big superhero roles has left the town with a bad case of PTSD.

When Disney launches the ad-supported tier of Disney+ later this week, about one-quarter of current U.S. subscribers are expected to opt for the lower-cost version with ads, according to new research from Kantar.

When Michael Eisner was making a ceremonial exit as Disney’s CEO in 2005 he acknowledged that the intrigues of succession had become “Shakespearean.” Rival corporate factions were vying for power. Some insiders were persuaded that Eisner never would actually depart.

A media sector squeezed by streaming losses, anemic stocks, layoffs and executive turmoil unveiled its latest casualties today – 20% of AMC Networks’ U.S. staff, or about 200 people, along with the departure of CEO Christina Spade.

“There is a lot to do,” Bob Iger told Disney staffers today of the state of the company he is now running again. “Quickly,” added the newly re-minted CEO at a town hall at the company’s Burbank HQ heralding his official return.

Disney stock faded more than 1% on the second day of Bob Iger’s return engagement as CEO, reflecting investors’ divergent outlooks on the media giant’s prospects

The surprise return of Bob Iger as Disney CEO, replacing his own replacement Bob Chapek, is not without precedent in corporate America, as Jimmy Kimmel reminded viewers last night.

Bob Iger, who was reinstalled as CEO of the Walt Disney Co. yesterday, will be eligible to receive up to $27 million in each of the two years he is under contract to lead the company.

Kareem Daniel is exiting Disney as head of its Media and Entertainment Distribution division, one day after the ouster of CEO Bob Chapek.

Among those quite happy with the re-installment of Bob Iger as Disney’s CEO was exhibition giant, AMC’s Adam Aron, who took to Twitter in the wake of the news exclaiming, “Based on box office grosses, Disney is the biggest film maker of any movie studio. Bob Iger coming back to again lead Disney as its CEO is a big deal. Let me shout this from the mountain top. I have the absolute highest respect for Bob Iger.”

So much for the retired life of Bob Iger. Deadline reports that after less than a year into retirement, Iger returns to the Walt Disney Company as CEO.

Disney shares busted out of the starting gate, rising 8% in early trading on a wave of optimistic sentiment about Bob Iger’s return engagement as CEO.

Wall Street has already embraced the news that Bob Iger has returned as Disney’s CEO, replacing Bob Chapek’s short and tumultuous reign: Shares in the entertainment giant climbed nearly 9% in premarket trading on Monday, to $99.85. Chapek, the former Disney parks chief who himself replaced Iger as CEO less than two years ago, has struggled during his brief tenure amid COVID pressures, economic issues as well self-inflicted management wounds — and Disney’s shaky revenue picture has driven its stock price down 41% since the start of the year.

Disney’s Bob Iger reached out to House of Mouse employees Sunday with the shocking news that he’s replacing Bob Chapek as chief executive, effectively immediately, noting “an incredible sense of gratitude and humility—and, I must admit, a bit of amazement.” He’s not the only one.

After less than a year in retirement, Bob Iger has returned as the CEO of the Walt Disney Company

A hiring freeze at Endeavor Group Holdings will take effect after Thanksgiving, company president Mark Shapiro revealed at a conference hosted by Wall Street firm RBC Capital Markets.

Reeling from a roller coaster stock market and earnings misses, the Walt Disney Company is about to start cutting spending, costs, and staff, CEO Bob Chapek said today.

Disney CEO Bob Chapek called Disney+ a “lifestyle portal for Disney fandom” and streaming the nexus of a “reengineered” company that would never have survived and thrived for a century if it didn’t take bold swings.  

Addressing Wall Street analysts during Disney’s quarterly earnings call, the company’s top executives sought to emphasize their progress toward attaining streaming profitability.

Advance ticket sales through Sunday for Disney-Marvel Studios’ Black Panther: Wakanda Forever stand at $45M, about 20% behind Doctor Strange in the Multiverse of Madness at the same point in time and 40% ahead of Thor: Love & Thunder.

It is quite clear from a theatrical and a streaming front, Disney is already dominating.