Speaking to The New York Times, Iger said that a “crisis of this magnitude, and its impact on Disney” has led to him “actively helping” Bob Chapek and the company get through it. Iger was Disney CEO for 15 years during which time it made some of its biggest moves such as the acquisition of FOX, the launch of the Disney+ streaming service, and the decisions to purchase Marvel and LucasFilm.
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Iger and Chapek have a huge task on their hands as all of the biggest parts of Disney are affected by the pandemic. Its Disney theme parks have closed, movie theaters have also shut, and its TV business is also affected as channels like ESPN don’t have any new, live sports to show. The two men and the Disney board also have to choose what happens when things start to get back to normal.
Financial issues mean that AMC theatres may close, which could have a huge affect on how Disney releases films. Disney could also reduce office space, cut staff, and start testing park visitors’ temperatures, suggests the report. There are rumors about executives unhappy at having to take pay cuts too and Iger and Chapek will also be trying to make them happy.
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Source: The New York Times
Image source: Flickr Josh Hallett Creative Commons
