Who's disney ceo?

Robert Alan Chapek is an American media executive and businessman who is the CEO of The Walt Disney Company. Chapek has been having a rough journey as CEO, and some wondered if a longer-term future for him at the top of the media giant was on the cards.

Who's disney ceo?

Robert Alan Chapek is an American media executive and businessman who is the CEO of The Walt Disney Company. Chapek has been having a rough journey as CEO, and some wondered if a longer-term future for him at the top of the media giant was on the cards. Board Chair Susan Arnold supported Chapek this month after an executive reorganization that included the firing of chief content officer Peter Rice. At a minimum, Disney will be forced to reach an agreement with Comcast on the future of Hulu, with the cable giant able to force Disney to buy its 33 percent stake in 2024 at market value.

Still, it's notable that Disney had previously planned to achieve streaming profitability by 2024, even before prices increased. Iger wanted Disney+ to be the cheapest streaming offer, said the people, who asked not to be named because the discussions were private. Disney's public discussion last year with Johansson over compensation after Black Widow aired on Disney+ at the same time it hit theaters during the pandemic embarrassed Iger, who prided himself on having smooth relationships with top-notch talent. As CNBC reported earlier this year, Iger has disagreed with several decisions Chapek has made as CEO of Disney, including his reorganization of the company and his handling of Florida's controversial Don't Say Gay legislation.

His live coverage of the NFL, MLB, NBA and dozens of other sports, combined with his powerful studio programs, justified huge rate increases and generated Disney billions of dollars in annual revenue. That way, customers would see Disney+ as a stronger value proposition for their competitors, even if they considered that content from other services could be stronger. The former CEO considered that stripping division heads of their budgetary control was not the right structure for Disney because the company was too diverse and complex. Disney's fiscal first quarter results surprised analysts' estimates of Disney+ earnings per share, revenue and total subscribers.

Rice's main problem was that content executives could no longer have direct conversations with Hollywood talent and tell them if Disney would make their show or not. While movie theaters seem to be returning, the mixed results for Pixar's Lightyear leave open the possibility that Disney will continue to move some titles directly to streaming. Chapek wants to optimize Disney so that content decisions on distribution platforms can be made in sync. Disney CEO Bob Chapek continues to make decisions that distance themselves from his predecessor, Bob Iger.

ESPN has considered licensing its name to sports betting companies, but Disney is not interested in buying one, people said. Chapek met with creative leaders at Disney earlier this month to hear their concerns about their response to the bill, CNBC previously reported. Disney plans to have between 135 and 165 million core Disney+ subscribers by the end of 2024 and up to 80 million Hotstar customers.