Failure to correct course after cratering Star Wars.
(Topic ID: 262795)
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Quoted from Friengineer:? Please provide some context? How can their streaming service be doing great when they gave away 3 free years worth of memberships to most customers?
Disney is projected to lose 4 billion dollars on streaming this year.
Define doing great.
Quoted from flynnibus:All correct
The splash is in WHO he tapped... and questioning what he may be avoiding if that's driving the timing.
He also seems to be making a play for expanding the reach of the Board Chairman role beyond strategy...
The was the second splash, the tell something is amiss is the suddenly part.
Investors don't like "sudden" it usually indicates another shoe is going to drop as to why. Iger has been making retirement noises for years, this was out of left field. Watch Lucasfilm and see if Kennedy is shown the door post haste, rumor is Iger was asked to retire as Kennedy was left in place after making the Star Wars franchise somewhat less profitable and he didn't do anything about it. Iger picked her for the position and that might be a factor.
Quoted from flynnibus:It wasn't 'noise' about retirement... literally his contract was up and was planning to retire. He's been extended twice. This is all very public stuff. The previous rounds that lead to depatures like jay rasulo, tom staggs, etc are all fallout from Iger's sticking around and lack of assention for his underlings as 'yet another round..' for Iger kept coming up as the stock was so bullish. Iger has been standing in the doorway for nearly 5 years... it's not sudden. The news drop was not foreshadowed, so it was a suprise it happened that day, but not a suprise that Iger steps down.
Kennedy was tapped by Lucas - Not Iger. But Disney's management of the post-Lucasfilm StarWars will be the debate for many years to come...
1) What part of "abrupt" did you miss in the headline? Top guys like Iger don't abruptly leave without lots of notice so not to upset the stock prices.
2) Kennedy was appointed AFTER Disney purchased Lucasfilm and Lucas stepped down. You don't think Iger had no say in the matter with a 4 billion dollar transaction? Iger has made several statements of support for her including telling board members in a meeting that Star Wars was not changing course under her direction.
If there is any truth to it then Kennedy will be stepping down in the next few weeks.
Time will tell.
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