Asia Pacific Daily News - Focus on Asia-Pacific Development, Daily News Express, Scholar Creation Center

Here’s what you need to know about Disney’s CEO reshuffle

text

Disney sent a shock wave through the media industry yesterday upon stock market closing,

announcing the immediate shift of its longtime CEO Bob Iger

to an Executive Chairman role. Iger said he will leave the company at the end of his current contract on December 31, 2021 and use his remaining time overseeing creative decision-making on the media side. Bob Chapek, previously head of Disney’s parks, experiences and products division, is the company’s new CEO.

Here’s what TechCrunch readers need to know about this story:

Context on Iger: As Disney’s leader since 2005, Iger has been widely viewed as the

most powerful person in Hollywood

and oversaw Disney’s fruitful acquisition of major IP franchises (Pixar, Marvel, LucasFilm), ongoing expansion of parks hospitality, and major push into direct-to-consumer video streaming (Hulu, BAMTech, ESPN+, Disney+).