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Disney announces ex-CEO Bob Iger to return for 2 years

Disney announces ex-CEO Bob Iger to return for 2 years

BURBANK, Calif. (AP) ” The Walt Disney Company announced late Sunday that former CEO Bob Iger will return to head the firm for place of set of two years inside a go that stunned the entertainment industry.

Disney said inside a statement that Bob Chapek, who succeeded Iger inside 2020, had stepped down from the position. Disney board chair Susan Arnold thanked Chapek for his leadership all over the unprecedented challenges of the pandemic.

She said directors believed Iger was uniquely situated to guide the entertainment behemoth all over an increasingly complicated hour dated of manufacturing transformation. Iger, 71, led Disney for 15 years while it absorbed Pixar, Lucasfilm, Marvel accompanied by every one one other accompanied by Fox™s entertainment businesses, at that hour dated launched its Disney+ streaming service.

Iger said inside the statement that he was thrilled to return accompanied by every one one other accompanied by extremely optimistic concerning Disney™s future.

I am greatly honored to exist asked to on one instance additional lead this remarkable team, accompanied by a understandable position of employment focused on inventive excellence to stimulate generations into with every one other accompanied by not here of unrivaled, bold storytelling, Iger said.

Hollywood™s inventive inhabitants had grumbled concerning Chapek™s cost-cutting measures accompanied by every one one other accompanied by occasionally blunt approach to talent, while theme park regulars had been unhappy accompanied by cost hikes. Earlier this month, Disney posted foot than expected results for its fiscal fourth quarter.

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  • Chapek faced blowback early this year for not using Disney™s vast effect inside Florida to quash a Republican invoice that would place an extremity to teachers from instructing early grades on LGBTQ issues. The invoice sparked a spat inside the centre of Disney accompanied by every one one other accompanied by Republican Gov. Ron DeSantis.

    He was excessively criticized for his handling of Scarlett Johansson™s legal deed last year over her pay for Black Widow, an unusually condition debate inside the centre of the studio accompanied by every one one other accompanied by a top Hollywood star. The 2021 Marvel film was released simultaneously inside theaters accompanied by every one one other accompanied by into with every one other accompanied by not here of Disney+ for a USD30 rental.

    Iger earliest came to ability at Disney when the board ousted its fifth CEO, Michael Eisner, inside 2005. The former TV weatherman won over Wall Street accompanied by every one one other accompanied by Hollywood accompanied by bold acquisitions accompanied by every one one other accompanied by condition displays of esteem for the inventive inhabitants accompanied by every one one other accompanied by the company™s storied history.

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