What Disney’s CEO Shake-Up Means for Its Movie Business

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After rocking a quiet Tuesday afternoon with news of leadership changes at the very top of the Walt Disney Corporation, attention has turned to respective divisions at the Hollywood superpower &#82…

After rocking a quiet Tuesday afternoon with news of leadership changes at the very top of the Walt

Iger will assume the role of executive chairman and retain full creative control of the company until December 2021, when his deal expires. On a call with investors Tuesday, Iger expressed “absolute confidence” in Chapek’s abilities to lead, but also made a case for the timing of the announcement, saying his sole priority was to set up Disney’s content businesses for assured long-term success.

A mission-critical strategy, numerous executives at rival studios indicated on the condition of anonymity, would be for Iger to map a succession plan to replace 76-year-old Alan Horn, who serves as chief creative officer at the Walt Disney Studios. In 2019, Horn extended his deal to remain in the role for an undisclosed amount of time, though his exit is widely expected to be timed with Iger’s.

 

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It probably means he’s about to go under like Weinstein, but more so in the spirit of Epstein, so he can’t be CEO.

Fire Kathleen.

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