
Iger has agreed to serve as CEO for two years with a mandate from the board to set the strategic direction for renewed growth
By Jenny Priestley
Published: November 21, 2022 Updated: November 22, 2022
Iger has agreed to serve as CEO for two years with a mandate from the board to set the strategic direction for renewed growth
target=_blank title=Share on LinkedIn class=share-linkedin>
The Walt Disney Company has once again shocked the media industry with the news that Bob Chapek has been ousted as CEO and the man he took over from, Bob Iger, is returning.
We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic, said Susan Arnold, chairman of Disney's board of directors. The board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the company through this pivotal period.
Iger announced his intention to step down as Disney CEO in February 2020, but remained as chairman until the end of 2021. Less than 12 months later, he is back with the company.
Disney added that Iger has agreed to serve as CEO for two years with a mandate from the board to set the strategic direction for renewed growth and to work closely with the board in developing another successor to lead the company.
Disney's third quarter results were lower than expected, which led to the company's stock dropping in value. The company is now the leader in streaming subscribers, surpassing Netflix, but it is losing about $1 billion a year on its direct-to-consumer video business.
I am extremely optimistic for the future of this great company and thrilled to be asked by the board to return as its CEO, Iger said. Disney and its incomparable brands and franchises hold a special place in the hearts of so many people around the globe - most especially in the hearts of our employees, whose dedication to this company and its mission is an inspiration. I am deeply honoured to be asked to again lead this remarkable team, with a clear mission focused on creative excellence to inspire generations through unrivaled, bold storytelling.
More from TVB Europe
02/02/2023
Company is working with Doncaster-based Firebrand which supports the VFX community with extra capacity and staff
By Jenny Priestley
Published: February 2, 20...
02/02/2023
HETV contributed £4.30 billion, or 69 per cent to the overall figure
By Jenny Priestley
Published: February 2, 2023
HETV contributed £4.30 billion, or 69 ...
02/02/2023
The DPP 2023 Predictions report contains eight business-focused predictions from 34 industry practitioners
By Jenny Priestley
Published: February 2, 2023
...
02/02/2023
Alison Pavitt, director of sales and marketing at Pebble, writes that linear TV still has a place in the broadcast market, and remains a powerful engine and rev...
02/02/2023
Always be on the lookout for opportunities, advises AIMS APIs Einar M Helde to anyone looking to work in the media technology industry, and be patient and and d...
01/02/2023
For Altman Solon director Anna Bartz, one of the great joys of working in the media is that it keeps you on your toes due to its ever-changing nature
By Jenny ...
31/01/2023
The company will invest 3.5 million in the Barcelona production centre, which will feature a 500 m2 studio and 235 m2 of LED paneling
By Jenny Priestley
Pub...
31/01/2023
ARRI no longer contests the validity of Rotolight's patents over its special effects CineSFX patent portfolio in the US, UK and Europe
By Jenny Priestley
...
31/01/2023
Accedos Abdul Haleem describes the media tech industry as a roller-coaster ride of ups and downs, and urges everyone to be curious
By Jenny Priestley
Publish...
30/01/2023
dock10s Andy Elliott explains how made the jump from gaming to broadcast, and why the key to loving what you do is to enjoy the process
By Jenny Priestley
Pu...
30/01/2023
The issue focuses on virtual production, augmented reality and studios, and includes articles on The Rings of Power and Doctor Who
By Jenny Priestley
Publish...
30/01/2023
RTL Group CEO Thomas Rabe said the company remains convinced that market consolidation is necessary to compete with the global tech platforms - and that market ...
27/01/2023
Alex Redfern discusses EVS priorities for 2023 and why its important for the com...
27/01/2023
Having spent 16 years working in PR, Radical Moves Helen Weedon explains how she continues to learn about the technology aspect of the broadcast industry (inclu...
26/01/2023
TVBEurope catches up with ACCESS:VFXs founder Simon Devereux and new European chapter lead Chris Kiser to talk about the need for a European-wide organisation a...
26/01/2023
Among the new use cases are: show control, camera calibration on the go, control of disguise servers, status support and greater colour capabilities.
By George...
26/01/2023
The studio is aiming to deliver sustainable productions and minimise its carbon footprint, with local film and TV crews available
By Jenny Priestley
Publishe...
25/01/2023
TPN, powered by the Motion Picture Association, aims to help content owners, service providers and the industry as a whole with security preparedness and anti-p...
25/01/2023
According to CoreWeave, the acquisition will enable it to deliver burst renderin...
25/01/2023
Funding is available for research and development of ideas relating to virtual production, new formats and ways of creating content, immersive storytelling, bil...
24/01/2023
He has been tasked with developing the right technology and products to advance the video streaming user experience, increase engagement and reduce costs for cu...
24/01/2023
Report by the European Audiovisual Observatory found the top 100 audiovisual companies in Europe grew by 17 per cent in 2021 when compared to 2016
By Jenny Pri...
24/01/2023
The new subsidiary will be led by Jos Platao' Rocha, who joins HBS in the role of managing director of the US, alongside Enrique Rabasco, head of producti...
24/01/2023
The acquisition will allow Object Matrix to extend its reach and product ambitions, while continuing to develop on prem, cloud, and hybrid media storage solutio...
23/01/2023
Shadow culture minister Lucy Powell has called for an investigation into the process of Sharps appointment to satisfy the public and parliament of its integrity...
23/01/2023
IVA provides clients such as Warner Bros Discovery, HBO, MGM and Paramount Global with film and television metadata
By Jenny Priestley
Published: January 23,...
23/01/2023
Pebbles Anisa Khan reveals how word of mouth brought her into the media tech industry, and why any young women looking to get into a technical role shouldnt fee...
20/01/2023
According to Adobe, 67 per cent of the films included in this years Sundance Film Festival were shot using Adobe Premiere Pro or Frame.io
By Jenny Priestley
...
20/01/2023
As an open source project, xSTUDIO will be managed by a Technical Steering Committee (TSC) chaired by DNEG and consisting of engineers and contributors from the...
20/01/2023
The annual awards celebrate developments and/or standardisation in engineering technologies that impacted television
By Jenny Priestley
Published: January 20...
19/01/2023
Disaster recovery systems are a necessary expense for most broadcasters, writes coralbay.TVs Peter Hajittofi, but using a cloud-native playout product makes it ...
19/01/2023
Porta 2.1 users can control real-time graphics via enhanced data sharing, said the company, using template creation tools when theyre working either on-prem or ...
19/01/2023
The new studio, named briX|woRk.studio, features a 120-square-metre L-shaped LED wall as its centerpiece,
By Jenny Priestley
Published: January 19, 2023
T...
19/01/2023
Nominations announced for annual BAFTA Film Awards
By Jenny Priestley
Published: January 19, 2023 Updated: January 20, 2023
Nominations announced for an...
19/01/2023
As part of the proposed reorganisation of the business, BT Sport will move from its base in Stratford to WBDs existing facilities
By Jenny Priestley
Publishe...
18/01/2023
The report, by Caretta Research, also finds that the rush to cloud and remote working has too often been tactical, involving the lift-and-shift of legacy tools ...
18/01/2023
Ofir Benovici joins Zero Density from Avid where he was vice president of product management
By Jenny Priestley
Published: January 18, 2023 Updated: Januar...
17/01/2023
The UK's creative industries are an economic powerhouse and have been a huge...
17/01/2023
Based at the companys headquarters in Munich, ARRI said Kiesel will convert customer requirements into products and services in an even more structured manner
...
17/01/2023
New appointments further strengthen Molinares audio offering to drama and film productions, having worked previously with Netflix, BBC, Amazon and Apple TV, sai...
17/01/2023
Between them, the companys RF specialists work across more than 1,500 RF events per year, said EMG, including the Tour de France, Olympics, FIFA World Cup, Love...
16/01/2023
ISE 2023 also includes a new Content Production and Distribution Zone which will showcase technology from a select group of organisations in content production ...
16/01/2023
Speaking about the deal, Delphine Ernotte Cunci, president of the EBU and CEO of France T l visions, described the deal as a game-changer for public service med...
13/01/2023
The company saw income rise to $1.6 billion in 2021, but reported costs of $2.9 billion, an increase of over 50 per cent compared to the previous year
By Jenny...
13/01/2023
Contributors to this years report include SMPTE, AIMS, EY-Parthenon, S&P Global Market Intelligence and the DPP
By Jenny Priestley
Published: January 13, 202...
13/01/2023
The event will take place from 20th-21st June, and is described as the first dedicated event designed around the sustainability issues within the broadcast, med...
12/01/2023
Ben Schwarz, independent consultant, expert, and author, argues that the majority of use cases dont need ultra-low latency, except maybe during the World Cups f...
12/01/2023
The curved screen measures 18 metres wide and 5 metres high, and is composed of 450 assortments each including a combination of 8 LED modules
By Jenny Priestle...
12/01/2023
2022 marked 100 years of the BBC - the first broadcaster in the world to provide a regular high-definition television service. Ryan Kamata, senior marketing man...
12/01/2023
Amagi delivers linear channels in over 40 countries, with customers including A+E Networks UK, Cinedigm, Fremantle,NBCUniversal, and The Roku Channel.
By Jenny...