Photo: Getty Bob iger dismissed from the position of CEO of Disney

The Board of Directors announced that Robert iger, who headed the company for 15 years, will leave the post before the completion of the contract.

Studio Walt Disney has replaced the General Director. This post is replacing Bob iger, who held it since 2005. Under him, the company became the largest Studio in Hollywood. He iger said that Walt Disney is now “the best time” for a change, which occurred after the successful launch of the streaming service. Корреспондент.net tells details.

 

The end of an era

Disney CEO Bob iger, whose income last year amounted to 65.7 million dollars two years in a row was named the most powerful person in entertainment by the Hollywood Reporter.

Explaining his first place in the ranking, the publication wrote: “In modern Hollywood there is still no such person, which would combine the commercial vision and creative acumen as the Eiger”.

Iger left the position after 15 years as head of the conglomerate. In addition to expanding presence in the film industry he was actively engaged in the development of themed entertainment parks.

Now, iger will assume the role of CEO and will lead the creative efforts of the company, at the same time supervised by the Board of Directors, the report said Disney. Eventually he will leave the company on 31 December 2021.

The decision of the Board of Directors to remove the target from his position after just 14 months of his extended three-year contract was the reason for the short fall in the value of the company’s shares by three percent and generated a number of rumors.

The main version of the reason of dismissal was the closure of theme parks in China in the epidemic of the coronavirus. This idea reinforces the fact that the company is Eiger was headed by Bob Chapek, who led the theme Park business.

“I fully trust Bob and look forward to working closely with him over the next 22 months. In this new position, he will delve into the multifaceted global campaign and the operation of Disney, while I concentrated on the creative efforts of the company,” said Bob iger.

In recent years, the Disneyland was called by experts as one of the main drivers of growth for the company. More than half of the increase in visitors – 56 percent – was accounted for by Shanghai Disneyland.

Journalists called Robert iger man who breathed new life Disney, and colleagues celebrate his foresight and creative approach to decision making.

Under Iger, Disney became the largest in Hollywood and made several key transactions in 2006 for $ 7.4 billion acquired Pixar in 2009, four billion dollars for Marvel in 2012 of 4.06 billion Lucasfilm.

In 2019, Disney has closed the largest deal in the history of Hollywood and acquired the assets of the company Rupert Murdoch’s 21st Century Fox for 71,3 billion.

Finally, an important breakthrough was the launch in November 2019 streaming service, Disney+, which in 2020 are already using to 26.5 million subscribers (currently available only in the U.S., but soon he will start for Europe and India).

Disney+ Sam iger calls the “number one priority”. Criminlogy service Disney+ has already received more than 28 million subscribers since the November launch.

Most of the users Disney+ are in the US, the service is also available in Canada, Australia, New Zealand and the Netherlands. The service will start to work in the UK, France and Germany in late March.

After the arrival of the Eiger to his post, the company’s capitalization grew from $ 50 billion to $ 250 billion in 2019, and the shares rose by 450 percent to $ 140 apiece.

Disney revenue for the fiscal 2018 year amounted to 59.4 billion dollars, which is eight percent more than the year before. Net profit amounted to 12.6 billion dollars.

In 2019, only from sales of tickets to the Disney movie earned more than eight milliardov dollars and released eight of the ten highest-grossing films of the year in the United States.

In the Financial Times, the departure of the Eiger in retirement was called the end of an era for Disney.

 

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