And at $10.99/month, Disneys ad-free tier will be pricier than Peacock and Paramount+s ad-free options as well as Amazon Prime Video. } The Florida bill, deemed as the Dont Say Gay bill, is now expected to pass the State Senate and be signed into law very soon. Maybe Micheal Eisner needs to don regular clothes, stay at regular Disney hotels (ala undercover boss) and see what long time park fans are talking about. Important UPDATES Announced by Disney Cruise Line, Why Disney Cruise Line Fans Should Mark Their Calendars for February 17th, The Disney Parade Complication We Experienced Today, How You Dine Has CHANGED at Chef Mickey's in Disney World, See the CHANGES at Tiana's Bayou Adventure in Disney World, MAJOR Price Increases Hit Cinderella's Royal Table in Disney World, -- Close Your Eyes and Blink Yourself to WDW, fans and investors have celebrated the return of Bob Iger, The decision for Chapek to be replaced by Iger, a disappointing fourth-quarter earnings call, His contract was extended by 3 years in June 2022, Chapek would step down and Bob Iger would return as the CEO, a public feud with Florida Governor Ron DeSantis, a lawsuit from Scarlett Johansson over the release of Marvels, Iger, however, was fairly vocal about the issue, Price increases for Disney theme park tickets, Disney Stock Prices Rise After Iger Announced as CEO, Why Bob Iger Replaced Bob Chapek as Disney CEO, What Everyone Is Saying About Bob Igers Return as CEO, Why Bob Igers Return to Disney May Be Doomed from the Start, Disney SEC Filing Reveals CEO Bob Igers New Salary. In an interview with Chris Wallace from CNN, Iger said that he faced this kind of dilemma often as the Disney CEO when choosing whether to go public on these issues. By using this site you agree to our privacy policy. "That young boy could have never imagined that one day he would get the chance to lead this extraordinary company as the seventh CEO in its nearly 100-year history.". Learn more about the shift from Chapek to Iger in these posts: Well continue to watch for more updates, so stay tuned to AllEars for the latest Disney news. Chapek took on the role of CEO back in February of 2020 from Bob Iger, right before the entire world shut down due to the COVID-19 pandemic. November 21, 2022, 10:52 AM UTC Bob Chapek is leaving as Disney's CEO following two years of tumult at the entertainment company. BREAKING: Universal Is Building a NEW Theme Park Experience in Texas! Little things to a lot of people add up to big things for families with limited time and money for park visits that the average family saves for a long time. In March, Disney became embroiled in a political storm . The decision for Chapek to be replaced by Iger was made after a disappointing fourth-quarter earnings call, and Iger is now expected to turn things around for the company. Eisner said, Bob [Iger] did extremely well. He reveals that originally the new Disney CEO Bob Chapek didn't want to weigh in on the political issue because it was "irrelevant to the company and its businesses." But DeSantis suggests that the then-former now current Disney CEO Bob Iger 's public advocacy opposing the bill put pressure on the board to "assuage its liberal . Check out our Disney Recipes A Walt Disney Company insider tells The Hollywood Reporter that unlike his predecessor, Bob Iger, Chapek doesnt wish for Disney to wade into political discussions. The guest/ fan is the loser. After Disney reported huge streaming losses in its Q4 earnings report for 2022, the Board of Directors seemed to decide that it was time for a change in leadership. What Disney Park project are you most excited for? Chapek is a disaster!! . Here are the BEST Disney just announced the FULL LINEUP of performers coming to the Garden Rocks Concert Series Universal Parks & Resorts is building a NEW theme park experience in Texas! Neither has done anything to fix the biggest problem that has plagued Disney for years, the food. As Florida Gov. 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President Joe Biden has called the new bill hateful and Iger has joined in on the same thought process, publically posting to Twitter that he agreed with the president. Disney shows off its post-Iger politics. Iger brought technology (Magic Bands) and price increases to Disney and Cepek had continued down that road. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Bob Chapek took over from Robert A. Iger in February 2020, just before the pandemic caused Disney to shut down most of its businesses. NEW McDonalds Happy Meal Toys Have Arrived! But how different are they REALLY? It's been a rough month for Walt Disney (DIS 0.83%) CEO Bob Chapek. Besides as the former CEO and make share holder, I am sure you and your family and friends get free life time luxury hotel suites, VIP passes, ect any time you want. Even the kudos you rendered to him, He took our home video business from a rental to a sell-through business, reek of the profit driven goals that have hurt us all in so many ways. Make Yahoo Your Homepage Discover something new every day from News, Sports, Finance, Entertainment and more! Its Going to Happen Celebrity Comments on the Possibility of a Disney Movie Sequel! Our last trip was Feb of this year. Best Disneyland Restaurants for First-Timers! While slightly sad,we at Inside the Magic couldnt be more excited for the new ride, now called Tianas Bayou Adventure, which will be opening in 2024.. At first, Chapek wobbled on his companys position, but criticism from LGBT employees and the left, moved the CEO to come out hard in opposition. For official Disney information, visit http://www.disneyworld.com, Why Youll Want to Stay LATE in EPCOT Starting This Week, Thousands Push Back Against Bob Igers New Employee Rules, Florida Ends the Corporate Kingdom Massive Update on Disneys Reedy Creek District, Disney World Pool Hopping And Other Rules. Well have to wait and see if Iger adjusts the current plan for Disney+. However, Disney may be backtracking on how political it decides to get in the future. Under pressure from LGBTQ activists and progressive employees - some of whom who have walked out of the job in protest - Disney's Chapek's eventually criticized the Florida legislation, paused. By clicking Sign up, you agree to receive marketing emails from Insider The backlash was strong, with walkouts organized and letter writing campaigns engaged that Chapeks leadership was not up to snuff. He talked about Bob Chapek to CNBC, saying, I am a big fan of Disney. Lightyear Same-Sex Kiss: Oklahoma Movie Theater Reverses Decision to Fast-Forward Through Scene, Entertainment Stocks Rise With Market Ahead of Slew of Earnings Reports, Hoda Kotb's absence from 'Today' addressed on-air, Barney's makeover has dinosaur experts scratching their heads: 'I don't even know where to start with it', Jena Malone was sexually assaulted by someone she worked with on 'Hunger Games': 'I've worked very hard to heal', Dave Grohl's good deed: Rocker barbecues for hundreds at L.A. homeless shelter, 'There were no filmmakers of color': How Robert Townsend changed the game with self-financed 1987 comedy 'Hollywood Shuffle'. You proved that by referring to the consumers, a term that so many of us found offensive in Mr. Chapeks recent memo. Chapek's response marked a change in tone for Disney, which had previously been led by an outspoken CEO who had famously considered running for president. Disclosure Policy We can help! One of the most extraordinary features of the Culture Warsor Cancel Culture, as those who have been on the sharp end of the woke trials pitchforks call itis that organizations who wake up late to wokeness will invariably court the favor of those who are not their natural audience at the expense of those who are, wrote Julie Burchill, author of Welcome To The Woke Trials: How #Identity Killed Progressive Politics. Thus, we see a company as long-beloved asDisneynow abandoning its core family audience and instead catering to every whim demanded by the woke mob, a move both ineffective and, as we are seeing, unprofitable.. Robert Chapek aka Bob Chapek was born on August 21, 1960, in Hammond, Indiana, US. Ron DeSantis threatened to dissolve Disneys Reedy Creek Improvement District, a special ruling that essentially allows Disney to act as its own form of government. David Ng. Disney CEO Bob Chapek publicly opposed Florida's Parental Rights in Education billdubbed the "Don't Say Gay" bill by criticsWednesday at a shareholders meeting, nearly a week after . If passed, this bill will put vulnerable, young LGBTQ people in jeopardy. Controversy has seemed to gravitate toward all aspects of the company for the entirety of 2022, starting with the very critical reactions to how the company handles its response to Floridas highly-contested Parental Rights Bill, which is more commonly known as the Dont Say Gay bill. Disney decided to remain quiet on the bill, at first, that is. Check out these stories below: Stay tuned to DFB for more Disney news and updates. Steven FerdmanGetty Images Bob Iger's return as the CEO of. You can also subscribe without commenting. Bob Chapek, the Walt Disney Company's head honcho since February 2020, has significantly upgraded his Westlake Village residential circumstances with the $12.5 million purchase of a sprawling contemporary estate atop an impressive promontory. Chapek has even come out saying he does not like being called a cost-cutter and does not see himself as one. Chapek might claim he doesn't want his company to be a political football, but his . Lot Size 6.02 acres. All things important to any family to be able to relax and have these perks. We ALL went through this pandemic and have had to forge our path back to some sense of normalcy. March began with the media giant's helmsman under attack by theme park enthusiasts upset about recent revenue-enhancing moves . We focus on bringing you all things fun so you can plan your theme park vacation, enjoy Disney at home, and more. Please take a moment to review our privacy policy and terms of use. Notify me of followup comments via e-mail. Disney CEO Bob Chapek has been silent on the matter, with his future in Disney leadership being brought into question. Shop That would mean Scalise will likely become House majority leader, making the congressman the No.2 official in the majority party. Things between Florida and The Walt Disney Company so much that Florida Gov. This man will be the ruination of Walt Disney World. He said that the companys goal was for this law to be repealed by the legislature or struck down in the courts.. When at Disney world, Luke will probably be found eating with his favorite animatronic, Sonny Eclipse at Cosmic Ray's Starlight Cafe. Many have been saddened and disappointed by the companys silence on this new Dont Say Gay bill, especially since Walt Disney World resides in the home state of the bill. Well have to watch and see what kinds of changes Iger makes moving forward, but fans should be prepared to see fewer adjustments than they might be expecting. But Disney is hoping to grease the wheels a bit and work their contacts. So again, you couldnt care let about the average guests. I dont give a hoot what views CEOs have. Chapek's other major contribution was "pushing his team to sort of take off the blinders and look at alternative business models," Rasulo continued. These times remain quite challenging, but as you have heard me say before, I am an optimist, he said., Chapek might have been adept at cutting costs and producing revenue from the theme parks, but Iger is seen as an expert in Disney content. . https://t.co/fJZBzre4yM. In response, DeSantis announced that he would be pursuing legislation that would seize the authority to govern Reedy . Chapek however ended up having a 26-year career with The Walt Disney Company before becoming CEO of the company. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. 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