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The Challenges Faced by Disney CEO Bob Iger

Disney CEO Bob Iger gave a mea culpa for big losses incurred while launching streaming platforms like Disney+ during an investor conference appearance on Wednesday.

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The Fallout with Successor Bob Chapek

Iger addressed a falling out with his hand-picked successor, former Disney CEO Bob Chapek, whose tenure he called out for lavish and misplaced content spending. “It was clear to me that our structure was not working, because we were removing accountability from those that were basically investing the most capital was a mistake,” he argued.

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Reversing Decisions and Implementing a Turnaround Plan

When I came back, it was clear to me that that structure was not working, because removing accountability from those that were basically investing the most capital was a mistake,” he argued.

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Balancing Volume with Quality

But he added: “There’s a very fine line that you can cross and get in trouble if your volume ends up diluting management’s attention to what is being made is right. And that’s what happened to us. So I have pulled that back,” Iger told the conference.

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Exploring Strategic Options for Linear TV Assets

That was followed by Iger when back at the Disney helm announcing he was looking at all options, including a possible sale of ABC, ESPN and its linear TV assets. He has since revised his strategic thinking around Disney’s linear TV assets, he told the investors conference, and now sees them as part of a wider slate of assets to engage consumers.

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