Iger will remain with Disney as executive chairman through 2021, when his contract expires, and focus on its creative endeavors during his remaining time, the company said.
Iger led the company through major acquisitions and to unprecedented box-office success in his 15 years as CEO, and he undoubtedly leaves his role on a high note. But he also leaves the role at an uncertain time and the decision raises major questions about Disney's future.
. The Shanghai Disneyland resort is closed because of concerns over the virus. In its earnings call earlier this month, Disney estimated that the park's quarterly operating income could drop by $135 million if it remains closed for two months.
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