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BOB SWAP – Disney CEO swap rocks entertainment industry

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2 years ago

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The former CEO of Disney was re-appointed in the same job

Previous CEO Bob Chapek came under fire for his management of the world’s largest entertainment company

Iger has previously said he wouldn’t return to the role but after shares in the entertainment giant have fallen by over 40 per cent this year – hitting record lows.

Iger is back for at least 2 more years.

The company wrote in a statement “We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic”

READ MORE: Bob Iger returns to fix his big Disney mess

The dramatic come back comes 11 months after Iger left the company, and days after Chapek said he planned to cut costs at the company.

Iger is a widely respected and liked figure at Disney.

He oversaw its deals to acquire Pixar, Lucasfilm and its “Star Wars” properties and Marvel – all of which have become multi-billion-dollar assets for Disney.

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Warner Brothers & Discovery considers splitting up to boost stock value

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1 week ago

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July 19, 2024

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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1 week ago

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July 18, 2024

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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1 week ago

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July 18, 2024

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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