The Disney Thread | Happy 90th to Donald Duck!

[JWR]

3 minutes ago, Porthos said:

 

From most things I've been able to piece together it was the earnings report and everything that was surrounding that which was the proverbial straw which broke the camel's back.

 

While it's mostly from anonymous sourcing, it does seem to add up.

 

Chapek wasn't acting like someone about to be fired (i.e. he wasn't acting like there was any sort of informal transition/CEO search already underway).

There were practically no leaks about him being axed/pushed aside.

The Disney board, apparently, moved incredibly quickly.

 

So I ask you, what changed in the last month or so?  While I suppose it isn't definitive, the earnings report certainly seems like Suspect Number One.

 

(check my posts from the last few hours for various links on this)

 

I'd like to think that the board was souring on him overtime (Parks prices, animation moving to Disney+, the Scarlett Johansson debacle, Florida). The disappointing Q4 results were just the final straw. 

[Saul Goodman]

The Return of the King. Feige and Iger always had a good rapport, Chapek era won't be missed.

[Spidey Freak]

4 hours ago, Porthos said:

Also, dude, getting fired at an Elton John concert (or on your way there) where you're scheduled to introduce him is a hell of a way to go out!  

 

4 hours ago, filmlover said:

This is iconic tbh. 

 

[IronJimbo]

 

Best news I heard in a while

[Porthos]

Gee, think the stock market is happy with the news???

 

Quote

91.80 +0.35(0.38%)

At close: 4:03PM EST

 

99.57+7.77 (8.46%)

Pre-market: 6:19AM EST

 

ETA:::  Up another 50 cents in pre-market trading in the time I took to post this.  

Edited November 21, 2022 by Porthos

[JWR]

On 10/28/2022 at 6:19 AM, JWR said:

 

Could be. But only if their financial situation worsens and his business acumen isn't enough to shield him.

 

 

On 10/30/2022 at 10:36 AM, JWR said:

 

It is a weakness, but I'd like to believe that after the Florida bill fiasco, he'll at least try to prevent it from becoming a fatal one.

 

Well, damn. I guess that weakness proved to be more fatal for Chapek than I thought it would be.

 

[Valonqar]

Is this really a shocker? Didn't most people think that Iger retired to dodge pandemic and then would work his way back considering Chapek was obviously the wrong choice from the get go? Like, he was literally only known for being cheap af. 

 

IMO, this is as "shocking" as Wilde/Styles breakup. Inevitable, not shocking.

[JWR]

Just now, Valonqar said:

Is this really a shocker? Didn't most people think that Iger retired to dodge pandemic and then would work his way back considering Chapek was obviously the wrong choice from the get go? Like, he was literally only known for being cheap af. 

 

IMO, this is as "shocking" as Wilde/Styles breakup. Inevitable, not shocking.

 

It's shocking in that it happened so abruptly. The board re-upped Chapek's contract back in June and it was assumed that they were gonna stick it out with him.

[Valonqar]

Didn't follow contract stuff so maybe that's why I was like yeah who couldn't see this coming?

 

 

Edited November 21, 2022 by Valonqar

[JWR]

3 minutes ago, Valonqar said:

Didn't follow contract stuff so maybe that's why I was like yeah who couldn't see this coming?

 

 

 

I think the board was trying to hold off on announcing this for as long as they could... then the Q4 earnings call gave them enough incentive to push Chapek out.

[Valonqar]

So no one is offically happy with Phase 4 eh? 

[grey ghost]

This is best news since Perlmutter got demoted to under Fiege.

 

Both Perlmutter and Chapek were clearly holding Disney back.

[TwoMisfits]

39 minutes ago, Valonqar said:

Is this really a shocker? Didn't most people think that Iger retired to dodge pandemic and then would work his way back considering Chapek was obviously the wrong choice from the get go? Like, he was literally only known for being cheap af. 

 

IMO, this is as "shocking" as Wilde/Styles breakup. Inevitable, not shocking.

 

Yeah, I think this was also pre-planned at the timing of the 1st swap.

 

Let Chapek be the bad guy and put in place all the awful stuff and make all the cuts.

 

Then, have Iger come back, reversing nothing but not making it worse, so everyone is again happy.

 

Win/win for Disney - or would have been if Chapek was better in the "bad guy" role - he was terrible...

Edited November 21, 2022 by TwoMisfits

[grey ghost]

Chapek should've never mistreated Iger.

 

I guess the same people you see on the way up, you see on the way down.

[wildphantom]

As a Disney fanatic who has been embarrassed and dismayed by the way they’ve been run in the last couple of years, this is the best news imaginable. 

[Eric the Minion]

28 minutes ago, TwoMisfits said:

 

Yeah, I think this was also pre-planned at the timing of the 1st swap.

 

Let Chapek be the bad guy and put in place all the awful stuff and make all the cuts.

 

Then, have Iger come back, reversing nothing but not making it worse, so everyone is again happy.

 

Win/win for Disney - or would have been if Chapek was better in the "bad guy" role - he was terrible...

I know business can be weird sometimes, but do you really believe a CEO would want to self-sabotage his own company and destroy internal relations for two years? And then just come back to the role for vanity's sake? And then make a whole new contract for this supposed fall guy, only to give up on him and pay extra for his removal?

 

Yeah, this reads more like Billions fanfiction.

[M37]

8 hours ago, Potiki said:

Paraphrased a bit but this is Bob Iger's take on movie going:

 

"the wound that the movie going business has suffered was hastened by COVID resulted in a permanent scar. So I don't think that movies ever return in terms of movie going to the level they were at pre pandemic, it's competition, it's choice, it's the fact that a lot of what on the platforms is very good and its movie quality television, sometimes it's a movie given series or story every week and I think consumers have learned as they got comfortable with app based television they've learned to find and love shows, it gives them flexibility from a time perspective and it replaces movie going. It doesn't mean movie going goes away, I'm a big believer in movies, I love big movies, I love going to the theatres and watching, the communal experience that won't go away but it doesn't come back to were it was... It's not a dead business... it's smaller.

This is someone who gets it (of course I say that because it’s basically what I have been claiming for a over a year now) 

 

Streaming is like the rise of cable: it didn’t kill the networks that used to dominate, but the increased number of choices did reduce their market share. And now instead of just say NBC, it’s a family of channels under the same umbrella, and lines are blurred 

[TwoMisfits]

1 hour ago, Eric Killmonger said:

I know business can be weird sometimes, but do you really believe a CEO would want to self-sabotage his own company and destroy internal relations for two years? And then just come back to the role for vanity's sake? And then make a whole new contract for this supposed fall guy, only to give up on him and pay extra for his removal?

 

Yeah, this reads more like Billions fanfiction.

 

They knew with Covid they had to make huge cuts and big price raises.  Iger didn't want those unpopular cuts and price increases ruining his legacy, so he steps aside BUT stays around.

 

Now, Covid is over (at least as far as business is concerned, even internationally) and it's business as usual everywhere...so he comes back.

 

I'm sure it was always the contingency if not the firm plan.  No other reason Iger hung around.

[grey ghost]

I think Iger wanted to finish on top which is reasonable but didn't enjoy Chapeck tainting his legacy. Then you probably had board members begging him to come back and it became an offer he couldn't refuse.

[JWR]

When Chapek said there would be layoffs, I didn't expect him to be one of them... 😄