Search results for Bob Chapek

Iger has agreed to serve as Disney’s CEO for two years, with a mandate from the Board to set the strategic direction for renewed growth and work closely with it to develop a successor to lead the company.

During the latest D23 Expo, an event organized by The Walt Disney Company, Bob Chapek, CEO of the group, talked about the possibility of spinning off ESPN and also of buying Comcast’s 33% share of Hulu.

Disney’s SVOD service has surpassed 100 million global paid subscribers in just 16 months since its launch, Bob Chapek, Chief Executive Officer at The Walt Disney Company, announced during the company’s virtual Annual Meeting of Shareholders.

CEO Bob Chapek and other company executives will receive a salary cut, and Executive Chairman Bob Iger will go without his entire salary. With halted productions and closed themed parks in North America and Paris, Moffett Nathanson estimated that Disney will take a revenue hit of $3.4 billion in 2020.

Bob Chapek, Bob Iger’s replacement, will focus its strategy on direct-to-consumer services such as Disney+ and Hulu, which he considers the “most important” to the company.