Bob Iger has stepped down as CEO of the Walt Disney Company. Iger, who may be the second most-important person in Disney history behind Walt himself, built the company into the giant it is today. Disney’s newest CEO is Bob Chapek, who headed up Disney Parks.
What did Bob Iger do?
- Iger oversaw the acquisitions of Pixar in 2006 for $7.4 billion, Marvel Entertainment in 2009 for $4 billion, Lucasfilm in 2012 for $4.06 billion, and 21st Century Fox in 2019 for $71.3 billion, as well as the expansion of the company’s theme park resorts in East Asia, with the introduction of Hong Kong Disneyland Resort and Shanghai Disney Resort in 2005 and 2016, respectively.
- Under Iger, Disney’s market capitalization value increased from $48.4 billion to $257 billion.
- Introduced the Disney+ streaming service with already 28.6 M subscribers.
He hands the reins to Bob Chapek, the head of Disney parks, experiences and products. Iger will remain with Disney to direct the company’s creative endeavors through the end of 2021.
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