Disney execs consider radical shake-up as crisis hits centenary celebrations

  • 📰 GuardianAus
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 23%
  • Publisher: 98%

Can Bob Iger make the House of Mouse sparkle again, despite its waning cinema clout, and the huge cost of keeping up with Netflix?

Australia News, Australia Headlines

this week, behind closed doors its top executives are contemplating what could be the most radical shake-up in the history of the world’s biggest entertainment company.after the ousting of his hand-picked successor, Bob Chapek, following a disastrous reign lasting less than two years. The challenges facing Iger are

“Disney is one of the most successful companies and brands in the history of the world but it is now facing a fork in the road,” says Dan Ives, analyst at US-based Wedbush. “Disney has faced many challenges in its 100 years but this is the defining period.”was serendipitous, as lockdown conditions resulted in stratospheric uptake of streaming services.

Last week, Nelson Peltz, the billionaire founder of activist firm Trian Partners, renewed his push for seats on Disney’s board as he boosted his stake in the company to $2.5bn. Elsewhere in the empire, the House of Mouse is doubling down on its booming theme parks and cruises division, announcing a $60bn investment over the next decade.created by law in 1967 that allows it to self-govern the roughly 25,000-acre Orlando area where its Walt Disney World theme park complex is located. The move was seen as retribution for theDeSantis has argued that “woke Disney” should receive no special treatment in the state.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:


Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bob Irwin chokes up in emotional videoConservationist Robert Irwin had an emotional moment at Australia Zoo recently, marking a milestone that would have held very special meaning to his late father.
Source: newscomauHQ - 🏆 9. / 77 Read more »

I was a political prisoner in Egypt. The Bob Menendez allegations are appallingI was held in a dark cell for two years for my journalism. The charges would help explain how the regime has avoided human rights responsibility
Source: GuardianAus - 🏆 1. / 98 Read more »

‘A dangerous game’: Republican chaos and indecision as crises shake the worldIsrael and Gaza explode, Ukraine asks for more help and other predicaments demand US attention while Republicans quarrel among themselves
Source: GuardianAus - 🏆 1. / 98 Read more »

Chris Brown ousts Daryl in big TV shake-upSeven’s newly-poached TV personality Dr Chris Brown is set to oust Daryl Somers as host of Dancing With The Stars, according to a new report.
Source: newscomauHQ - 🏆 9. / 77 Read more »

Diamonds set for shake up as Ferns go ‘back to the drawing board’Netball: Australia have taken out the opening game of the Constellation Cup, in a physical battle with New Zealand in Melbourne.
Source: FOXSportsAUS - 🏆 24. / 51 Read more »

The rise and fall of the BlackBerryDubbed the ‘crackberry’, it was a tech gamechanger and status symbol. So what happened to the first smartphone and why didn’t the execs see it coming?
Source: GuardianAus - 🏆 1. / 98 Read more »