Close Menu
  • Home
  • Celebrity Gossip
  • Watch Celebrity Videos
  • Funny Shirts
  • Newsletter
Facebook X (Twitter) Instagram
Mad Celebs
  • Home
  • Celebrity Gossip
  • Watch Celebrity Videos
  • Funny Shirts
  • Newsletter
Mad Celebs
Home»Celebrity Gossip»Bob Iger returns as Disney CEO amid $1.5 billion fourth-quarter loss

Bob Iger returns as Disney CEO amid $1.5 billion fourth-quarter loss

By Frank BojaziNovember 24, 2022Updated:June 16, 2023 Celebrity Gossip
Share
Facebook Twitter Email

Disney has reinstated Bob Iger as CEO. Until recently, the corporation was led by Bob Chapek, who took over in 2020. The announcement comes at a crucial time for Disney, even though it took the media and fans by surprise. The business has recently released a middling earnings report, which shows that Disney’s streaming division experienced a fourth-quarter loss of $1.5 billion. Susan Arnold, Chairman of the Disney Board of Directors, thanked Chapek for his contributions, saying he did a wonderful job managing the firm through the difficult pandemic times, reported CNN.

Before he became a CEO, Chapek served as chairman of Disney Parks, Experiences and Products. He had to handle the unpleasant situation with Scarlett Johansson, one of the company’s biggest stars. One of the troubles was Disney’s legal battle with Florida over the state’s divisive law restricting some LGBTQ topics in the classroom. Iger, on the other hand, publicly opposed the Florida measure.

Arnold stated that the company is undergoing a transformation. The choice to hire Iger for the role was required because he is regarded as one of the company’s most successful CEOs.

Iger served as CEO for 15 years and played a key role in the acquisition of well-known companies, including Pixar, Lucasfilm, and Marvel. He also completed the $71 billion agreement to acquire the majority of 21st Century Fox, and in November 2019, he launched Disney (DIS)+, the company’s streaming revolution. Iger continued to serve as executive chairman and oversee the company’s creative initiatives.

The news was well received by investors, who drove Disney stock up 9% after it had lost about 36% of its value this year.

Share. Facebook Twitter Email

Related Posts

Adidas and Beyonce part ways after failed clothing line suffers sloping sales

September 16, 2023

“62 million views isn’t bad for a multi-cancelled has been”: Roseanne Barr is BACK

July 7, 2023

‘We got a new man…’: Whoopi Goldberg announces newest member of ‘The View’

June 22, 2023
RSS Food Blog
  • Got farted on at the gym, so naturally I cooked garlic butter steak and rice to make up for it
  • AXO in NJ has Tacos, Queso Fundido, and Birria Ramen, but the chili oil had me sweatin’
  • There’s only three places I’d get garlic crabs from in Philly/South Jersey and here they are
  • Jo Koy’s perfect rice method DOES work in the cooker, I just screwed it up so bad
  • Gordon Ramsay wasn’t kidding about the one ingredient to make perfect scrambled eggs
RSS Sports Blog
  • Browns sign 38-year-old QB Joe Flacco; Jets fly with Tim Boyle, who has sucked his whole career
  • “THISmas”: Some company just put out the worst Christmas ad ever, and I’m shaking my head so hard it may fall off
  • Atlanta will host 2025 MLB All-Star Game, years after it was moved out of town thanks to politics
  • Rep. George Santos allegedly spent campaign funds on OnlyFans and Botox and I can’t stop laughing
  • This guy’s workout video is insane and a little bit terrifying, but I’m impressed
  • YouTubers who harass people in public belong in JAIL
  • Bud Light allegedly paid $185,000 for the worst marketing disaster I’ve ever seen
  • The Rock backtracks when asked: “Do you really have friends who support Biden?”
  • Browns Deshaun Watson to have season ending surgery. I wonder if he gets a massage to help him recover
  • We finally have a news story where saying BYE FELICIA is appropriate and I can’t believe what happened
RSS Gaming Blog
  • GTA 6 voice actor may be hinting at a reveal coming soon (video)
  • A summary of the Grand Theft Auto game series
  • A Halo game series history summary
  • Cain, the dog from Red Dead Redemption 2, passed away in real life
  • Gaming company Electronic Arts disappoints ‘woke’ crowd, refuses to speak out on every progressive topic
  • Playstation says they’re working on competitor to Xbox Game Pass
  • 343 Industries Head of Creative reveals Halo Infinite multiplayer to get new weapons
  • Here’s how BOTS are ruining your chances of getting a Playstation 5 console
  • Rockstar takes this one on the chin, apologizes for disastrous release of GTA Trilogy
  • Halo Infinite Campaign co-op and Forge face delays until NEXT YEAR
Facebook
© 2023 Mad Celebs | A Top Celebrity Blog full of Hollywood Drama and Crazy Celebrity News

Type above and press Enter to search. Press Esc to cancel.