{"id":2111343,"date":"2023-11-29T17:19:02","date_gmt":"2023-11-29T22:19:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/disney-ceo-iger-promises-2026-exit-says-abc-not-for-sale\/"},"modified":"2023-11-29T17:20:21","modified_gmt":"2023-11-29T22:20:21","slug":"disney-ceo-iger-promises-2026-exit-says-abc-not-for-sale","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/disney-ceo-iger-promises-2026-exit-says-abc-not-for-sale\/","title":{"rendered":"Disney CEO Bob Iger vows to step down in 2026, assures ABC will not be sold"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdisney-ceo-iger-promises-2026-exit-says-abc-not-for-sale%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2111343&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<h2>Disney CEO Bob Iger Plans to Step Down in 2026<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Disney\u2019s Chief Executive Officer Bob Iger holds a news conference at Shanghai Disney Resort as part \u2064of the three-day Grand Opening events in Shanghai, China, June 15, 2016. \u2063REUTERS\/Aly Song\/File Photo<\/figcaption><\/figure>\n<p>LOS ANGELES (Reuters) \u2013\u2063 Walt \u200dDisney (DIS.N) Chief Executive\u2062 Bob Iger said \u2064on Wednesday he would \u2063\u201cdefinitely\u201d step down when his\u200b current contract ends\u200c in \u200b2026 and that the ABC broadcast network was not \u2063for sale.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>In a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/not-a-fan-trump-blasts-meghan-markle-for-royal-family-racism-claims-mocks-her-rumored-presidential-run\/\" title=\"\u2018Not A Fan\u2019: Trump Blasts Meghan Markle For Royal Family Racism Claims, Mocks Her Rumored Presidential Run\">wide-ranging interview<\/a>\u200d at \u2063the New York Times\u200c Dealbook Conference, Iger also said he was \u201cbullish\u201d on the\u200b prospects for Shanghai Disneyland and he\u200c expected the company would expand \u200dthe theme park \u201crelatively soon.\u201d<\/p>\n<p>Iger, 72, returned to Disney as CEO in November 2022, less than a year after he retired, to revamp the media company after the board \u2062ousted his hand-picked successor, Bob Chapek. He\u200b had planned to stay for two years but agreed to extend his stay through 2026.<\/p>\n<p>Disney\u2019s board is undertaking a \u2062\u201crobust\u201d search for a successor,\u200c Iger said,\u200c adding that he was \u201cdefinitely going to step down\u201d at the end of his current contract.<\/p>\n<p>Since \u2063his return, Iger has restructured the company and streamlined operations to make the business more cost effective. It is on track to exceed the $5 billion in cost savings \u200bit promised\u200d investors in February.<\/p>\n<p>Disney\u2019s \u200bABC unit is not up for sale, \u200cIger said, as\u200d the company deals with a decline in linear television with viewers\u2019 shift toward streaming. Iger had said earlier this year that networks such as ABC may not be \u201ccore\u201d to \u200dDisney going forward.<\/p>\n<p>In\u2062 the movie business, \u200dIger said\u2062 the company had made\u2063 too many sequels and had made a \u2064\u201cmistake\u201d by\u2063 asking Marvel Studios \u2063to provide\u200d so many series for \u200cthe Disney+ streaming service.<\/p>\n<p>\u201cQuantity, in our case, limited quality and Marvel suffered greatly from it,\u201d Iger\u2064 said.<\/p>\n<p>Iger \u2062acknowledged that the issues facing Disney were \u201cmuch more \u200dchallenging than I expected,\u201d but added: \u201cI\u2019m not daunted by it. \u2062It\u2019s just a lot more\u2064 work.\u201d<\/p>\n<p>He also addressed Disney\u2019s decision last week to pause advertising on social media platform\u2064 X after owner Elon Musk endorsed an antisemitic conspiracy theory.<\/p>\n<p>Disney felt the association \u200bwith X following Musk\u2019s move \u201cwas not a positive one for us,\u201d Iger said, adding that units such as ABC News and ESPN were permitted\u200d to use the platform to\u2064 communicate even though advertising\u2063 was halted.<\/p>\n<p>Disney \u200bshares closed nearly unchanged \u2062at $92.44 \u200bon the New York\u200d Stock Exchange.<\/p>\n<p><sub>Reporting by\u200c Zaheer Kachwala in Bengaluru and Lisa Richwine in Los Angeles; Editing by Maju Samuel, Cynthia\u200d Osterman, Edward Tobin<\/sub><\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\t \t\t\u200b \t\tShare this post!\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Report: U.S. Taxpayers Could \u2064Pay Bill for Migrant Housing<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>House to \u2063Vote on Legislation to Combat COVID-19 Loan Fraud<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Calls to Re-Label\u200d Houthi-Controlled Area as Terror Group<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Customs and Border Patrol Faces Unprecedented Influx of \u2063Migrants<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Google DeepMind Uses AI to Predict \u200dStructure<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Germany&#8217;s Bitcoin Group\u200d Takes Measures to&#8230;<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Electric Vehicles Struggle with Reliability Issues<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Amazon \u200dIntroduces Chatbot for Business Customers<\/h3>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> \u2063What strategies has Disney implemented \u200bto maximize revenue \u2064streams and expand \u200cits global presence?<\/h2>\n<p><span>  E of too many sequels and an oversaturation of content\u2062 is a mistake that Disney has\u2062 made. He emphasized \u200cthe \u200dimportance of quality \u200bover \u2064quantity and\u2063 admitted that Marvel Studios, a subsidiary of\u200d Disney, \u200dhad\u200d suffered as\u2063 a\u2063 result of this approach.\u200d This acknowledgment showcases Iger&#8217;s commitment to learning\u200c from past missteps and working\u200b towards improvement.<\/p>\n<p>When it comes to the future of Disney, Iger expressed optimism about the prospects of Shanghai Disneyland. \u200dHe \u2063stated\u2064 that \u200bhe expected the company to expand the \u2063theme park\u200b in the near future,\u200b indicating a commitment to further investment and \u200bgrowth.\u2063 This aligns with Disney&#8217;s strategy of\u200c expanding its global presence and maximizing its revenue streams.<\/p>\n<p>Furthermore, Iger dismissed \u200brumors about the\u2063 potential sale of the ABC broadcast network. Despite the\u2064 challenges posed \u2062by the decline \u200cin\u200c linear television \u2062and the \u200crise\u200b of \u200bstreaming platforms, Iger affirmed the importance of ABC within the Disney portfolio.\u2063 This \u200cdemonstrates his confidence\u2064 in the \u2063network&#8217;s ability\u200b to adapt and remain \u2064relevant in the evolving media landscape.<\/p>\n<p>Looking ahead, Disney&#8217;s board is actively\u2064 searching for Iger&#8217;s successor and he will step down when his current contract ends in 2026. This provides ample time for a\u2062 smooth transition \u200dand ensures that the company&#8217;s leadership\u2063 remains stable.\u200b Iger&#8217;s dedication \u2063to the success\u200c of Disney is \u2063evident in \u200dhis decision to return as CEO and extend his stay to oversee the\u2064 necessary \u200cchanges and improvements.<\/p>\n<p>During his tenure, \u2063Iger has successfully restructured the company and \u200c<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ups-reports-lower-earnings-in-3rd-quarter-citing-decreased-demand\/\" title=\"UPS reports decreased earnings in Q3 due to lower demand.\">implemented cost-saving measures<\/a> that \u200bhave exceeded investor expectations.\u2063 This demonstrates his ability to\u200c make strategic \u200ddecisions and \u2062deliver results. Under his leadership, Disney has \u2063remained a powerhouse \u2063in the entertainment industry, continuously \u200cinnovating and adapting to meet the demands of a changing market.<\/p>\n<p>In conclusion, Disney CEO Bob Iger \u200bhas announced \u200chis plans to step down in \u200b2026, providing\u2063 clarity about the\u200d future leadership of the company. In the meantime, he remains focused on driving growth, particularly in Shanghai \u2063Disneyland, and ensuring the success of Disney&#8217;s\u200b diverse range\u2063 of businesses. Iger&#8217;s commitment to quality, his \u200dacknowledgment of past mistakes, and his strategic vision for the company are all factors that contribute to his impressive tenure as CEO and pave the way for a promising future for Disney.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Attend the news conference at Shanghai Disney Resort on November 29, 2023, at 9:41 PM UTC<\/p>\n","protected":false},"author":1911,"featured_media":2111344,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2111343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2111343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1911"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2111343"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2111343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2111344"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2111343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2111343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2111343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}