Shock And Wha? Disney Downplays Surprise, Timing Of Bob Chapek Succeeding Bob Iger

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It felt like pulling off a Band-Aid: fast and by surprise. “Did not see this coming – Wowza,” entertainment analyst Rich Greenfield of LightShed Partners tweeted Tuesday, moments …

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“The timing was a surprise. We knew Bob was going to leave, we didn’t know it would happen this quickly,” entertainment analyst Michael Nathanson of MoffattNatthanson said in an interview on CNBC.

Mayer had been rumored to be a possible successor, as was Peter Rice, chairman of Walt Disney Television and co-chair of Disney Media Networks. Nathanson in fact said he believes Chapek is “probably the best qualified person in the company to take this job.” “Storytelling is at the heart of what we do,” Iger said on the call. “Getting everything right creatively would be my No. 1 goal when I leave at the end of 2021. I couldn’t do that if I was still running the company day to day.” He said he’ll been working across U.S. and international assets, from the film studio to ESPN to media networks to Disney+. The idea is to make the creative pipelines “rich and secure.” It’s not clear exactly what this means but it sounds like a good idea.

“I feel that I know the company extremely well and even before I joined the company I started in advertising, then consumer packaged goods, then media packaged goods, so everything has been a consumer-oriented business,” he said. “That is where I played. So I will be able to take that background and experience and employ it in a direct-to-consumer business. It feels directly in my wheelhouse.”

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Whoever proofread this article should be fired.

Bob Iger has been mulling over retiring for a long time. This is not big news.

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