Morieris Posted November 21, 2022 Share Posted November 21, 2022 1 minute ago, elcaballero said: Crazy news, and on a Sunday night too. Seems like the timing is a little strange, but hey, not a bad way to start the week. If they wanted to keep it quiet, they could have waited until late Wednesday or Tuesday, whichever they could do before press slows down for US Thanksgiving. They really wanted the news out there tonight. 3 Quote Link to comment Share on other sites More sharing options...
Macleod Posted November 21, 2022 Share Posted November 21, 2022 (edited) 3 minutes ago, elcaballero said: Crazy news, and on a Sunday night too. Seems like the timing is a little strange, but hey, not a bad way to start the week. This is the "TIIIIMMBBERRRRR" for the coming weeks, a sign that more changes are afoot, surely. Everyone's confidence levels will go up, and of course stocks will respond accordingly... Edited November 21, 2022 by Macleod 1 Quote Link to comment Share on other sites More sharing options...
Verrows Posted November 21, 2022 Share Posted November 21, 2022 Seems Wall Street still appreciates the value of theatres, and not just the raw dollars but the prestige that theatrical exclusive windows add. Movies that go to streaming quick feel cheap and insignificant, no matter what their content. 7 Quote Link to comment Share on other sites More sharing options...
DAR Posted November 21, 2022 Share Posted November 21, 2022 39 minutes ago, Potiki said: Only thing I doubt is this is only 2 years, no one in the company I can think of that will be ready to be CEO. I think Josh Demaro who runs the parks could be the guy 1 Quote Link to comment Share on other sites More sharing options...
excel1 Posted November 21, 2022 Share Posted November 21, 2022 6 minutes ago, DAR said: I think Josh Demaro who runs the parks could be the guy A massive lesson from the Iger to Chapek transition is that public perception is HUGE. Chapek isn't the warm and friendly type and it created a humongous image problem compounded by some highly questionable decisions. There is obviously truth, however, tot he point Chapek likely ever felt truly in charge. 1 Quote Link to comment Share on other sites More sharing options...
Morieris Posted November 21, 2022 Share Posted November 21, 2022 8 minutes ago, Verrows said: Seems Wall Street still appreciates the value of theatres, and not just the raw dollars but the prestige that theatrical exclusive windows add. Movies that go to streaming quick feel cheap and insignificant, no matter what their content. I wonder, with this news, if Disney won't push SW to D+ on Christmas as (currently) planned. Quote Link to comment Share on other sites More sharing options...
excel1 Posted November 21, 2022 Share Posted November 21, 2022 Fair to say the decision to fire Chapek was likely made some time ago and they have been vetting other candidates for a while. Considering they JUST went through this a few years ago, it shouldn't have been that difficult. That they still ended up back at Iger is pretty amusing. 1 Quote Link to comment Share on other sites More sharing options...
Macleod Posted November 21, 2022 Share Posted November 21, 2022 (edited) 2 minutes ago, Morieris said: I wonder, with this news, if Disney won't push SW to D+ on Christmas as (currently) planned. Based on this news, I wouldn't be surprised if Iger personally got out there and visited some theaters across the US to promote this baby!! (When did this movie go into production? Was it part of Chapek's regime? Or previous Iger's?) Edited November 21, 2022 by Macleod 1 Quote Link to comment Share on other sites More sharing options...
Morieris Posted November 21, 2022 Share Posted November 21, 2022 3 minutes ago, excel1 said: Fair to say the decision to fire Chapek was likely made some time ago and they have been vetting other candidates for a while. Considering they JUST went through this a few years ago, it shouldn't have been that difficult. That they still ended up back at Iger is pretty amusing. I wonder how many candidates saw Chapek getting his ass handed to him every day from all directions and decided they wanted no part of that. 1 Quote Link to comment Share on other sites More sharing options...
excel1 Posted November 21, 2022 Share Posted November 21, 2022 (edited) 8 minutes ago, Morieris said: I wonder how many candidates saw Chapek getting his ass handed to him every day from all directions and decided they wanted no part of that. I think the conditions were just too unfriendly for such a transition. Covid caused transitions are monumental and the person at the top must have creditability. Chapek's self-inflicted wounds inexcusable. This is reminiscent of the Michael Ovitz fiasco or the final few years of the Eisner with its instability. The ship + waters need to steady a bit before someone else comes in. Edited November 21, 2022 by excel1 1 Quote Link to comment Share on other sites More sharing options...
Potiki Posted November 21, 2022 Share Posted November 21, 2022 10 minutes ago, Verrows said: Seems Wall Street still appreciates the value of theatres, and not just the raw dollars but the prestige that theatrical exclusive windows add. Movies that go to streaming quick feel cheap and insignificant, no matter what their content. I don't think theatrical trends will change much under Iger given what he said on CNBC at the end of 2021 and reconfirmed a couple of months ago in an interview with Kara Swisher. I'm fairly certain there will not be more volume under Iger but that is probably a good thing, 8-12 big hits is what lead to the Disney success in the 2010s, no reason to have 3 major releases (Black Panther 2, Strange World and Avatar 2) in a 5 week window like they currently do now. I quoted the link to the Kara interview earlier but here is a link to the CNBC stuff if anyone wants to read: https://www.cnbc.com/2021/12/27/what-disneys-bob-iger-thinks-about-the-future-of-movie-theaters.html Quote Link to comment Share on other sites More sharing options...
thajdikt Posted November 21, 2022 Share Posted November 21, 2022 Biggest win Disney has taken in a long time. Quote Link to comment Share on other sites More sharing options...
Porthos Posted November 21, 2022 Share Posted November 21, 2022 So, did Peter Rice land on his feet anywhere or is he still something of a free agent. (not sayin', but maybe sayin') 2 Quote Link to comment Share on other sites More sharing options...
HouseOfTheSun Posted November 21, 2022 Share Posted November 21, 2022 10 minutes ago, excel1 said: I think the conditions were just too unfriendly for such a transition. Covid caused transitions are monumental and the person at the top must have creditability. Chapek's self-inflicted wounds inexcusable. This is reminiscent of the Michael Ovitz fiasco or the final few years of the Eisner with its instability. The ship + waters need to steady a bit before someone else comes in. Based on what they’ve guided for streaming (something they’ve never budged on btw) is that it’ll be profitable by the time Igers new tenure comes to an end. The massive sink on the bottom line will be gone. Linear tv will continue to decline but that’s expected. The waters will almost certainly not be as rocky in 2 years where an easier transition can happen now whether or not they go internal or external is the real debate. IF they want someone with experience externally that has a record in running legacy media/streaming/parks then really only a couple of options exist and they’re at NBCU. 1 Quote Link to comment Share on other sites More sharing options...
HouseOfTheSun Posted November 21, 2022 Share Posted November 21, 2022 6 minutes ago, Porthos said: So, did Peter Rice land on his feet anywhere or is he still something of a free agent. (not sayin', but maybe sayin') Free agent. I think it’d be a good move to bring him back to company maybe in a COO role. 3 Quote Link to comment Share on other sites More sharing options...
Daxtreme Posted November 21, 2022 Share Posted November 21, 2022 what an absolute PogChamp of an announcement to make on a Sunday night 1 Quote Link to comment Share on other sites More sharing options...
WittyUsername Posted November 21, 2022 Share Posted November 21, 2022 This is certainly not something I expected to hear. I knew Bob Chapek was unpopular, but I didn’t think he’d get ousted this soon after his contract was renewed. Quote Link to comment Share on other sites More sharing options...
Potiki Posted November 21, 2022 Share Posted November 21, 2022 😂 Quote Link to comment Share on other sites More sharing options...
Arian1010 Posted November 21, 2022 Share Posted November 21, 2022 Holy hell ladies and gentlemen this is what true "changing of hierarchy" look like. Quote Link to comment Share on other sites More sharing options...
Potiki Posted November 21, 2022 Share Posted November 21, 2022 6 1 Quote Link to comment Share on other sites More sharing options...