Bob Iger Takes Back Control of Disney
Less than two months ago Bob Iger stepped down as CEO of Disney, handing the reigns over to Bob Chapek. Well, with the COVID-19 pandemic shutting the doors to the Disney parks and causing the studio to postpone movies, they are in dire need to leaderchip.
That's not to say Bob Chapek isn't capable, but Iger is the one with the experience running the company. So Iger has taken back control of the company to help it through this crisis.
In an email to New York Times report Ben Smith, Iger wrote:
A crisis of this magnitude, and its impact on Disney, would necessarily result in my actively helping Bob (Chapek) and the company contend with it, particularly since I ran the company for 15 years!
So he's really there to help out Chapek and figure out how to survive this. Some analysts have estimated that Disney lost $500 million just from closing its park doors through March.
In the meantime, while we are all under lockdown, Disney will most likely be giving us more content on Disney+. Iger has teased that they would be releasing more theatrical releases will end up on Disney+.