Bob Iger extends contract into 2019

[rteetz]

July 2019 is the new end date to Bob Igers contract as chairman and CEO.

https://twitter.com/cnbc/status/844926810173440000

 

[jknezek]

Just saw this. Hard to believe they can't find anyone to succeed him. I get that it's a diversified company, making it hard to pick an overall leader, and that he has led the conglomerate to record heights, but this has been going on for years and now will go on for at least 2 more. I certainly wish they would find someone more Parks focused, but with the money they are making on movies, and the problems with cable properties, I'm guessing whenever they do find someone he/she will be focused on those areas. As a stockholder I'm just irritated it keeps dragging on.

 

[Planogirl]

Ugh...

Not a big surprise though.

 

[rteetz]

http://variety.com/2017/biz/news/bob-iger-disney-ceo-extends-contract-july-2019-1202014760/

 

[Planogirl]

http://variety.com/2017/biz/news/bob-iger-disney-ceo-extends-contract-july-2019-1202014760/

Wow, this article is a major cheerleading event. I'm not saying that he hasn't done at least a portion of these things but I think that the parks need another direction. Everything is so messy in that regard and the tone is set at the top imo.

 

[rteetz]

Wow, this article is a major cheerleading event. I'm not saying that he hasn't done at least a portion of these things but I think that the parks need another direction. Everything is so messy in that regard and the tone is set at the top imo.

Agreed.

 

[Tom P.]

Wow, this article is a major cheerleading event. I'm not saying that he hasn't done at least a portion of these things but I think that the parks need another direction. Everything is so messy in that regard and the tone is set at the top imo.

I agree. However, there is every indication that Pandora is going to be a major success for Disney, and it's a foregone conclusion that the new Star Wars land will draw massive crowds. I'd also anticipate the new Toy Story land to do well also. Given that, he's going to be seen as having major successes for the parks, regardless of what we theme park fans think.

 

[Planogirl]

I agree. However, there is every indication that Pandora is going to be a major success for Disney, and it's a foregone conclusion that the new Star Wars land will draw massive crowds. I'd also anticipate the new Toy Story land to do well also. Given that, he's going to be seen as having major successes for the parks, regardless of what we theme park fans think.

I'll reserve judgment until I see the final products plus I'll give most credit to James Cameron if Pandora is good. However I do agree that the public will see him as a big success no matter what.

 

[rteetz]

I'll reserve judgment until I see the final products plus I'll give most credit to James Cameron if Pandora is good. However I do agree that the public will see him as a big success no matter what.

I'd credit James and Joe Rohde for getting this done not Bob. Both of those two guys are amazing.

 

[luisov]

No surprise after the massive success of Beauty and the Beast. The board clearly wants him to stay since he's good at pleasing the shareholders. I'm not sure whether this is good or bad news though. I think the Shanghai effect has affected negatively his Parks and Resorts record. That's really what caused the budget cuts and the big price increases. At the same time, the company has never been as successful as it is these days. I guess we'll have to wait and hope that he puts a little bit more effort into the P&R division... And that he doesn't turn the Disney parks into an upper class playground.

 

[rteetz]

I think it was CNBC but they someone just interviewed an expert in this area and they noted that Disney CEO's have a tendency to stay too long.

 

[luisov]

I think it was CNBC but they someone just interviewed an expert in this area and they noted that Disney CEO's have a tendency to stay too long.

As long as he doesn't pull a Michael Eisner...

 

[rteetz]

As long as he doesn't pull a Michael Eisner...

I guess on the bright side it's only a year extension rather than multiple years.

 

[nkosiek]

Hmmm, July 2019??? Open DL's Star Wars Land and then ride off into the sunset with that huge golden sack?

 

[MissGina5]

This could have been worse I was concerned it would be a longer time.

 

[rteetz]

News

Bob Iger is currently being interviewed by his wife Willow Bay at the University of Southern California Marshall

Iger says Beauty and the Beast is well past $400 million world wide.

Iger has been on Twitter for a while but under a fake name. Iger joined Twitter officially because he has felt its a platform that can be used by him as a tool.

Bob says The Last Jedi is quite good. Episode 9 is being written and entering early production. They will not be using CGI for Carrie Fisher in Episode 8 like in Rogue One. The Han Solo film will cover finding Chewie, and how Han got his name. Lucasfilm has a team working on the next decade for Star Wars films. Mark Hamill talks in Episode 8.

Disneyland Shanghai was 17 years in the making. Iger wanted people of China to feel they have built it.

Iger says Disney uses technology to tell better stories and have better experiences.

Bob's Christmas card featured him riding the Tron coaster in Shanghai.

Iger has told creatives to not create Virtual Reality experiences but rather create real experiences.

Pandora: You feel the pulse of the Banshee and different temperatures, using 3D. The Navi animatronic has incredible expressions.

Iger has ridden the falcon ride in the simulation lab at Imagineering.

Iger says he is serious that July 2019 will be his end. He says succession is a complicated thing. Come 2019 Iger will have 45 years in at ABC and Disney.

 

[lockedoutlogic]

It's hard to find anything with your eyes closed...

 

[lockedoutlogic]

As long as he doesn't pull a Michael Eisner...

I would argue he's pulling worse...his timebomb just has a longer fuse on it

 

[lockedoutlogic]

Hmmm, July 2019??? Open DL's Star Wars Land and then ride off into the sunset with that huge golden sack?

Did anyone ever get a reason why they both couldn't open then? Just curious...

 

[rteetz]

Did anyone ever get a reason why they both couldn't open then? Just curious...

Have you seen how far ahead Anaheim is?