Disney Bob Iger:
Bob Iger stepped down from his role as Disney CEO recently and Bob Chapek has taken over from where he stopped. Iger was in charge when the company made several acquisitions and experienced major success so he is definitely leaving when the ovation is loudest. However, losing such a big personality at this crucial time raises important questions about Disney’s future.
1. How will the Wuhan coronavirus affect Disney’s business?:
Research firm, Rosenblatt wrote about the impact of the coronavirus recently, saying Iger now has the time to lay “the framework for the next decade of Disney content.”
Rosenblatt continued, “The coronavirus is increasingly spreading outside of China which, if it continues, would likely demand greater allocation of time from the CEO of Disney. This could have ultimately taken away from Bob Iger’s focus on content creation, a specialty of his. Leaving Bob Chapek, a Disney veteran with 27 years with the company to run the day-to-day business while Bob Iger is still in the building seems like a good reallocation of resources to us.”
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And if you did not know, the Shanghai Disneyland resort was recently closed down because of the deadly virus.
2. Will Disney Plus be affected?:
A lot of people predicted that Kevin Mayer, Disney’s head of direct-to-consumer and international, would take over from Iger. So the fact that he did not get the job spells doom for Disney Plus. How users respond to Disney Plus’ future projects could be a main sign for the service’s future. Even if it is filled with Disney content, Disney Plus does not release as many TV series and films like Netflix, as they place more value on every new release.
3. What’s happening with the “Star Wars” franchise?:
Even if Disney has a large collection of some of the most famous entertainment franchises across the globe like Marvel and Pixar, it is still yet to decide on what needs to be done with “Star Wars.”
It is true, every movie in the fresh trilogy of the Disney era grossed more than $1 billion, but they each witnessed a decline from the previous movie at the box office and the most recent one, “The Rise of Skywalker,” was the worst-reviewed “Star Wars” movie in 2 decades.
After “Solo: A Star Wars Story” flopped, Iger even came out to confess that he should’ve not adopted Disney’s yearly “Star Wars” release strategy. His words, “I made the timing decision, and as I look back, I think the mistake that I made I take the blame was a little too much, too fast. You can expect some slowdown, but that doesn’t mean we’re not going to make films.”