raised questions on Wall Street if his successor Bob Chapek had sufficient experience in the entertainment business.
"Bob Chapek has less , having spent his Disney career in distribution of content and/or the physical world of parks, retail, and consumer products ," Needham analyst Laura Martin said. Most analysts, however, agreed that the move ended years of speculation on who would take over Hollywood's most powerful studio, built up by Iger through acquisitions of Pixar, Marvel, Lucasfilm and 21st Century Fox."The move takes CEO succession uncertainty off the table; we expect the markets to digest this news and ultimately give Chapek the benefit of the doubt as the new CEO," Cowen and Company analysts wrote in a note.
"The fact that Bob Iger believes it's a full time job to sort out the content assets over the next 2 years implies it's a bigger mess over at the Fox content assets than we thought," Martin said.
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