It’s true. Bob Iger, the man who is probably most responsible for turning Disney into the unstoppable entertainment juggernaut it is today, is stepping down.
Thanks to our incredible Outposters for dropping the info on us, now confirmed in news outlets.
Disney boss Bob Iger, who led the media company through several blockbuster acquisitions and the launch of a streaming network, is stepping down as chief executive.
Disney said it had appointed Bob Chapek, who previously ran the company’s parks and products division, to replace him.
Mr Iger will remain Disney’s executive chairman until the end of next year to direct “creative endeavours”.
The move came as a surprise.
Mr Iger, who is considered by many to be the most powerful man in Hollywood, had served as chief executive since 2005. He has previously announced plans to retire only to push back his departure date.
So wow! Let’s take a look back at his tenure.
In 2005 he took over for Michael Eisner. His first big move in 2006 was the purchase of Pixar. While Pixar continued to be top notch, the upside was the re-invigoration of the Disney Animation studios.
In 2009, he pulled off what would become the biggest move ever, even though it wasn’t really known at the time, the purchase of Marvel. This transformed Marvel into THE superhero movie powerhouse culminating with Avengers Endgame, the biggest movie ever made.
In 2012, he made the move to complete his big three, the purchase of Lucasfilm and all the properties that came with it, notable the Star Wars franchise. While less successful with the fans, it’s still been commercially a money maker.
In the next few years, he worked to expand the Disney parks, including a new resort in Shanghai and the addition of the Star Wars Galaxy’s Edge in both american parks.
Finally in 2019, he had the 1-2 punch of rolling out Disney+ and the purchase of 20th Century Fox. Fox gave Disney control of nearly all the Marvel characters with the addition of the X-Men and Fantastic Four as well as the entirety of the Fox catalog such as The Simpsons. These additions gave Disney+ a chance to blast out the gates from the get go. An impressive feat considering the crowded streaming field these days.
Whether or not you are happy with Disney’s place in the entertainment landscape or revile the name Disney with every breath of your being, you can’t deny Iger’s overall success with the company.
What happens now is anyone’s guess but no one can say he didn’t leave the company in better shape than when he found it.
Iger is only the seventh CEO in Disney’s 100 year history.