0.7 C
New York
Thursday, February 22, 2024

Buy now

Bob Iger Confirms Plans to Step Down as Disney CEO in 2026

Bob Iger, Chief Executive Officer of The Walt Disney Company, has confirmed that he will “definitely” step down from his role when his current contract concludes in 2026. In a recent interview at the New York Times Dealbook Conference, Iger addressed various topics, including the status of ABC, Shanghai Disneyland, and his future plans.

Iger returned to Disney as CEO in November 2022, taking on the role once again to lead the company through a period of transformation. He succeeded his hand-picked successor, Bob Chapek, who faced challenges in navigating the company’s evolving landscape.

Addressing the speculation surrounding ABC, Iger stated that the ABC broadcast network is not for sale. The media company has been adapting to changes in viewer behavior, with a shift towards streaming platforms impacting linear television. Earlier this year, Iger had suggested that networks like ABC might not be considered “core” to Disney’s future strategy.

In addition to addressing corporate matters, Iger expressed optimism about Shanghai Disneyland’s future. He mentioned being “bullish” on the prospects for the theme park and indicated that Disney plans to expand it “relatively soon.”

The announcement of Iger’s intention to step down in 2026 provides a timeline for Disney to plan for leadership succession. Iger has been a prominent figure in Disney’s history, overseeing significant acquisitions like Pixar, Marvel, Lucasfilm, and 21st Century Fox during his tenure.

Disney shares, which have seen a 6.5% increase this year, showed little movement following Iger’s remarks, remaining flat at $92.53 on the New York Stock Exchange. The company continues to navigate the evolving media landscape, emphasizing its presence in the streaming space with platforms like Disney+ and Hulu.

Join MultiMediaMouth+ for $3 a month

Support MultiMediaMouth.com now! For just $3/month, you will get ad-free access to select articles, Podcasts, and livestream events! Join today and support small creators!

Ruben Jay
Ruben Jay
Ruben Jay is an American broadcaster, media blogger, and podcast host. Currently, Ruben is the President of MultiMediaMouth.com and the executive producer and host of the popular podcasts You’re My Best Friend and ON AIR with Ruben Jay, exclusively on MultiMediaMouth.com. Follow Ruben on Instagram, Twitter, and Tiktok @TheRubenJay.

Related Articles

Latest Articles