Part of Bob Iger’s two-year plan as reappointed CEO of The Walt Disney Company is to oversee the sale of the Mouse House to a larger company, according to insiders.
Credit: IndieWire
On Sunday night, November 20th, Disney made a surprise announcement. chapek was outand Iger had accepted a two-year contract as Disney’s CEO, though there were no real details as to why the board made the decision to remove Chapek from his role. report from wall street journal Alleging Chapek was involved in fraudulent financial practices To hide the true revenue loss suffered by the company’s streaming platform.
RELATED: Bob Chapek’s ‘various missteps’ forced Disney’s hand in giving him boots
Bob Iger, a 47-year veteran of The Walt Disney Company, officially resigned on Dec. 31, 2021, but had been making exit plans since at least 2018. He started working for the company fifty years before him. He worked as a weather reporter for the Disney-owned ABC news station, eventually becoming chairman and CEO of Walt’s beloved company in 2005.
Credit: DisneyDining/Becky Burkett
He unexpectedly stepped down from his executive role at Disney in February 2020, leaving Bob Chapek, who was vice president of Disney Parks, Experiences and Products at the time, in his place. Iger will serve as Disney’s chairman of the board until December 2021.
RELATED: Goodbye, Mr. Eiger. And thank you for everything.
It’s been a stormy day since Disney’s shocking announcement. Part of the media frenzy surrounding the Eiger’s re-installation at Disney has focused on what the Iger plans to do over the next two years at Disney, and a “Disney Insider,” albeit anonymously, , came forward to propose plans for the Iger to sell.Disney has become a big company, some think it’s Apple.
a Report on AppleInsider no matter how many times i say that A Minnie, Mickey, iPad, or iPhone partnership is proposed, encouraged, talked about, or advertised, Apple simply has no plans for such an acquisition.The idea of a merger or acquisition between Apple and Disney is not new. actually, Steve Jobs’ Untimely Death Likely Stopped Mergers Years Ago.
However, the same report states that insiders know about Iger’s plans when it comes to the future of the House of Mouse.
“[Iger’s] We plan to sell the company,” said a source described as a “Disney insider” who worked at Eiger. “This is the ultimate deal for the ultimate deal maker.”
Credits: Variety
And the ultimate deal maker, he is Iger. He personally oversaw a string of mergers and acquisitions listings during his first “tenure” as CEO of The Walt Disney Company. The list of major transactions under Eiger’s control is long:
- Miramax – 1993; $60 million
- Capital/ABC/ESPN – 1995; $19 billion
- star wave – 1998; amount undisclosed
- infoseek – 1999; amount undisclosed
- Fox Family Worldwide (Freeform) – 2001; $2.9 billion
- baby einstein – 2001; amount undisclosed
- Muppets – 2004; $75 million
- CrossGen – 2004; $1 million
- avalanche software – 2005; amount undisclosed
- Pixar – 2006; $7.4 billion
- Oswald the Invited Rabbit – 2006; traded for rights to sports broadcaster Al Michaels
- Junction Point Studios – 2007; amount undisclosed
- marvel – 2009; $4 billion
- Hulu – 2009; 30% purchase (increased to full ownership in 2019)
- Wideroad game – 2010; amount undisclosed
- Tuples – 2010; amount undisclosed
- playdam – 2010; $563 million
- UTV software communication – 2011; $297 million
- Lucasfilm (Star Wars) – 2012; $4.06 billion
- maker studio – 2014; $500 million
- Sphero – 2014; unknown minority investment
- bam – 2016 & 2017; $2.58 billion in total
- 21st Century Fox – 2019; $71.3 billion
So another acquisition would be in line with Iger’s ‘business as usual’ brand, but vice versa. It doesn’t seem too far-fetched to speculate that Iger may be considering such a sale, especially given the company’s massive losses in recent months.
Perhaps selling Walt’s company to a larger supervisor is one on Iger’s agenda. I don’t know yet. But for now, Apple says the other side of its partnership with Disney isn’t the company founded by Steve Jobs and Steve Wozniak. What corporate conglomerate can achieve such a feat that it takes 365 days a year to thrive?
Selling to unscrupulous dealers could be the last blow for Disney, and it’s not the world many people want to live in.
