One high-level studio executive, who spoke to The Daily Wire on the condition of anonymity, said they, too, were concerned that the company is damaging its brand by abandoning the political neutrality that many hoped the more-conservative Bob Chapek would usher in when he replaced liberal Bob Iger as CEO. Florida Gov. The chance that I am going to back down from my commitment to students and back down from my commitment to parents rights simply because of fraudulent media narratives or pressure from woke corporations? https://t.co/fJZBzre4yM. He was born in Chicago, Illinois, the United States, and raised in Hammond, Indiana, the U.S. Bob is of mixed ethnicity/heritage/ancestry. And today, we are pausing all political donations in the state of Florida pending this review. As one industry insider sympathetic to Chapeks plight puts it, The Hollywood press has decided what their narrative is about him, and theyre just not giving him a break.. As I noted earlier, Chapeks critics around Hollywood (and among the reporters who cover the town and the entertainment industry) have been very vocal of late about their belief hes not doing a great job running the company. In 1977, Chapek graduated from George Rogers Clark Jr./Sr. November 21, 2022 by Mary. This is a newsletter about the streaming business, not one focused on the soap operalike drama that goes on at the top levels of giant conglomerations. Chapek told shareholders Wednesday that he contacted Florida Gov. But when questioned about letting her go, Disney CEO Bob Chapek maintained the company is apolitical. It is not far-fetched at all to wonder whether, six months or a year from now, Chapek will get the same sort of shock he delivered to Rice last week. If thats the hill theyre going to die on, then how do they possibly explain lining their pockets with their relationship from the Communist Party of China? DeSantis said. Email from Bob Iger to Disney staff, 7:19 p.m. pic.twitter.com/IiTQvBYYZp. Chapek also apologized directly to the companys LGBTQ employees for his widely criticized messaging on the issue. Carano last month raised the issue of a double standard in an interview with conservative commentator Ben Shapiro, noting that Pascal was not fired for a 2018 tweet comparing undocumented children in cages in the U.S. to Jews in concentration camps. Of course, handing Rice an expensive new contract and then dumping him less than a year later obviously raises the question of why Chapek didnt act sooner, saving Disney a lot of money in the process. Privacy Policy and Whats going to be interesting here is whether Disney sticks with this or simply allows the anger die down, said analyst Jim Clark, who said this type of statement is too familiar. On Monday, Walt Image Source: The Walt Disney Company Bob Chapek is a businessman and media executive who serves as The Walt Disney Companys seventh and current CEO (chief executive officer). Apparently, he seems secretive concerning his actual salary, which he has not disclosed to the public yet. I think this is the first time I agree with Chapek. While Disney took a regrettable stance by choosing to stay silent amid political attacks against LGBTQ+ families in Florida including hardworking families employed by Disney today they took a step in the right direction. I am sorry.. We Know a Little Bit More About Netflixs Advertising Plan. In March 2018, Chapeks unit, Walt Disney Parks and Resorts, was merged with the Disney Consumer Products and Interactive Media segment and renamed Walt Disney Parks, Experiences, and Products as part of the companys strategic reorganization. We, Yahoo, are part of the Yahoo family of brands. As the executive crosses into his third year as Disney chief after replacing the long-running Bob Chapek in February 2020, Chapek is still facing the fallout over the companys perceived lack of vocal support for the LGBTQ community and its failure failure to denounce Floridas Dont Say Gay bill, which Republican Governor Ron DeSantis signed into law on Monday. Opponents of the bill cited Disneys political support for those legislators in their campaign against the company. A loss of upwards of 20 million subscribersis possible, according to some analysts; at the very least, it might make it impossible for the company to reach its stated goal of 240 million global customers by fall 2024. This past week, however, he met a workforce that, like many in the U.S., expects public stances from its leaders. While Mr. Iger became a celebrity CEO comfortable with bringing progressive politics into the C-suiteand even toyed with running for presidentMr. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. I truly believe we are an infinitely better and stronger company because of our LGBTQ+ community. Chapek, who previously served as chairman of Disney Parks, Experiences and Products, was taken to task for the companys official response to the lawsuit, which called Johansson callous and disclosed her $20 million salary and suggested she was being greedy in claiming $50 million in box office-based backend compensation in the suit. Starting next spring, that meansmillions of Indian Disney+ customers might decide to cancel theirsubscriptions. Twitter users pressured Iger to push this issue with Chapek, whose silence on the matter has been brought up by LGBTQ Disney fans and employees, calling Disneys donations to the bills supporters into question. The family-entertainment giant became critics primary target in recent weeks, since it operates Walt Disney World near Orlando and is among the states most high-profile employers. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Maybe it should be a C-., American businessman, CEO of The Walt Disney Company, While the two sides settled the dispute last October, largely due to new subscribers to Disney+, 'Just when I thought nobody would play any dirtier than me': Chance surprises Blake Shelton with 'long game' strategy on 'The Voice' Season 23 Knockouts premiere, Like 'Clockwork': Legendary British actor's son mysteriously vanishes from 'American Idol,' in third resignation of Season 21, Ray Romano reveals that he had a stent put in his heart: 'I had 90% blockage', 'Air': Matt Damon, Chris Messina break down how they filmed movies explosive, hilariously vulgar phone call, The Weeknd's 'The Idol': Lily-Rose Depp transforms into 'nasty, bad' pop star in new trailer for controversial series. said he didnt want to wade into politics. After weeks of internal strife and external controversy surrounding the Walt Disney Companys lack of public response to the Dont Say Gay legislation in Florida, authenticate users, apply security measures, and prevent spam and abuse, and, display personalised ads and content based on interest profiles, measure the effectiveness of personalised ads and content, and, develop and improve our products and services. Yes, we need to use our influence to promote that good by telling inclusive stories, but also by standing up for the rights of all. It is the job of the parents to discuss this. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. Disney holds a special place in the hearts of people around the globe thanks to you, and your dedication to this company and its mission to bring joy to people through great storytelling is an inspiration to me every single day.". Ron DeSantis desk, sent there by Florida lawmakers after finding approval in the state House and Senate. I am committed to this work and to you all, and will continue to engage with the LGBTQ+ community so that I can become a better ally. Speaking out against this bill explicitly says youre against it, and staying silent says I may not like it, but I dont have a problem with it., Thats what Chapek is saying. I missed the mark in this case but am an ally you can count onand I will be an outspoken champion for the protections, visibility, and opportunity you deserve.. Black Teenager Shot in Kansas City, Missouri. Technical difficulties were just the start of the Netflix reality series reunion problems. Signup for Breaking News Alerts & Newsletters. Thats not meant as an insult to Rice, who is indeed also very well-respected around town, and was an ally to many inside the Disney TV operation (particularly FX chief John Landgraf, who reported directly to Rice). Starting immediately, we are increasing our support for advocacy groups to combat similar legislation in other states. Speaking to you, reading your messages, and meeting with you have helped me better understand how painful our silence was, Chapek said in the statement. Finally, last week, Chapeks completelyunexpected decision tosummarily dismissDisney General Entertainment chief Peter Rice sent writers at the Tinseltown trades (and upstart industry newsletters) rushing for their respective fainting couches over the horror the absolutehorror! The Walt Disney Co. announced Sunday the unexpected reinstatement of Bob Iger as the entertainment giant's CEO, with his successor, Bob Chapek, stepping Speech, Jim Jordan's Crime Hearing Takes Surprising Turns, China's 'Artificial Sun' Smashes Nuclear Fusion Record, Putin Issues Ominous Warning About How Russian Navy Could be Deployed, Who Is Ralph Yarl? The companys political giving in Florida has included donations to politicians who supported the controversial Parental Rights in Education bill, which passed the Florida Senate on Tuesday. Florida Republicans have passed a bill to forbid instruction on sexual orientation and gender identity in kindergarten through third grade. Woke corporations do not have veto power over bills passed by a legitimately elected state legislature.Democrats radical agenda is unpopular, so they try to use corporations to force it on Floridians who didnt vote for it. A Disney insider on Peter Rice's surprise termination. that a nice guy like Rice would be treated so shabbily. Chapek was Walt Disney Studios president of distribution for the next two years. Bob Iger is pictured on December 6, 2021, in London. Landgraf, for example, is expected to continue to enjoy the same general autonomy he had for years under Rice. Chief Executive ButWalden has been far more involvedin the transformation and strengthening of the companys TV-production operations. As Crupi notes,Disney makes a mere 76 cents in average revenue per subscriber from Disney+Hotstar, which is just 12 percent of the $6.32 ARPU generated via the D+ customers in North America, which is why Chapek was able to pre-spin a possible loss of IPL during the last Disney earnings call. I truly believe we are an infinitely better and stronger company because of our LGBTQ+ community, he wrote. But when questioned about letting her go, Disney CEO Bob Chapek maintained the company is apolitical. He was raised in Hammond, Indiana. The meeting is entitled Reimagine Tomorrow., A global summit of the same name will follow on April 13 and is the first gathering of our employees worldwide to discuss our progress on and plans for improving diversity, equity, and inclusion at Disney., Chief Corporate Affairs Officer Geoff Morrell stated, Whatever Bobs personal politics are, hes not an activist and does not bring any partisan agenda to work. Although Disney has waaaay more left leaning decisions, the left still has to complain about anyone or anything that is not in complete lock step with them. An AI-curious tech company might have, though. Walt Disney CEO Bob Chapek claims the company is not left or right leaning, and that everyone agrees Disney has the power to unite us all. But Chapeks claims Chapek, Disney and politics In response to Floridas Dont Say Gay bill, which would ban educators from discussions about sexual orientation and gender identity Florida governor andAmericas Next Top Trumpcontestant Ron DeSantis took Chapeks reversal and used it as an excuse to try to cancel one of the states biggest and most beloved companies. Mr. DeSantis even cited the companys work in China, arguing that Disney should answer for its business in a country with human-rights abuses. And today, we are pausing all political donations in the state of Florida pending this review. There appears to be a Britney Spearsinspired plot, if the latest trailer is anything to go by. Politics have gotten way too toxic. I am sorry, Mr. Chapek wrote in the Friday letter. Disney CEO Bob Chapek talks with WSJs Editor in Chief Matt Murray about the challenges of weathering controversies and keeping his nearly 100 year-old company relevant. You needed me to be a stronger ally in the fight for equal rights and I let you down. But, I know there is so much more work to be done. He just wasnt doing the job the way his boss wanted it to be done, one industry insider who knows many of the players involved in the drama says. But I guess they are only tolerant if you agree with them on everything.that doesnt sound like freedom of thought to me, Not saying something is absolutely a political statement. Earlier this week, while Disney did strike a deal for linear-TV rights to the IPL,it was outbid for the streaming rights to the league by Viacom18, a joint venture between Indian telecom giant Reliance Jio and Paramount+ owner Paramount Global. Parents are parents. Disney Co. And there was more fallout: A group of Disney Imagineers the creative team behind theme parks, attractions, cruise ships and retail outposts, which includes a significant number of LGBTQ members demanded that Chapek reverse a decision to move the entire division to Florida because of what they have called the states hateful legislation. In the latest turn, Disney said on Monday that it will work to get the bill, which Republican governor Ron DeSantis officiallysigned into law earlier that day, repealed. Whats partisan about it? Notably, Iger made no mention of Chapek in his statement, though he did assure employees that he would have more to share on Monday. While Chapek expressed unwavering commitment to the LGBTQ+ community, he said that he had chosen not to take a public stance on the legislation. And I think thats a world we should all live in harmony and peace., Disney+ Tops 100 Million Subscribers , CEO Bob Chapek Says. legislation in Florida. One thing led to another as the night progressed, a source said of their kiss. I agree. Now with Disneys latest statement, Michael Kahane with the AIDS Healthcare Foundation said, I am pleased with the position that Disney has taken, although I am disappointed in the process it took to get here.. I missed the mark in this case but am an ally you can count onand I will be an outspoken champion for the protections, visibility, and opportunity you deserve. "The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the Company through this pivotal period," Arnold said. Its latest streaming feature is hear for you. If you need help with the Public File, call 407-291-6000. At the same time, he worked for J. Walter Thompson, which is now Wunderman Thompson. He sees himself first and foremost as the custodian of a unifying brand that for nearly a century has been bringing people together, and he is determined that Disney remain a place where everyone is treated with dignity and respect.. the creator of the Disney show The Owl House said in a video posted on Twitter Monday that she was angry about Disneys backing of sponsors of the Florida bill, and said Mr. Chapeks memo was nothing more than flowery and compassionate words to shut you up.. At this point, shareholders dont need him to innovate.. You only need to own 1 share in order to vote. Ugh/so disappointed that they did that. He was raised in Hammond, Indiana. I thought they were the more tolerant group. Why Was Frank Ocean's Coachella Set Such a Disappointing Mess? Iger has returned to his role as Disney CEO, replacing Chapek. ), Eric Schiffer, CEO of The Patriarch Organization, a private equity and venture capital firm, said he would give Chapek an A- for business performance, and a C- for nourishing personal relationships with Hollywood talent. Robert ChapekPolitical Campaign Contributions2016 Election Cycle. Bob Chapek And now she is calling all the shots. I missed the mark in this case but am an ally you can count on and I will be an outspoken champion for the protections, visibility, and opportunity you deserve.. Chapek, as chairman of the former, was named chairman of this new segment. Instead, according tomultiple published reportsand insiders Ive spoken with this week,Chapek simply didnt think Rice was enough of a team playeror the right fit for where Chapek was taking the company. Chapek remained as unit president until 2006, when he rose to become Disneys worldwide president of home video, a position he held until November 2009. You needed me to be a stronger ally in the fight for equal rights and I let you down. Its 100% a self-inflicted wound, one former top Disney executive previously told TheWrap. Thats because Rice has been replaced by his longtime No. Political Campaign Contributions. Mercy Chapeks comments landed in cast members inboxes days after the bill landed on Gov. Bob Chapek was born Robert Alan Chapek on August 21, 1960, in Chicago, Illinois, United States. Bob Chapek, Disneys chief executive, addressed criticism about the companys silence on anti-L.G.B.T.Q. Tuesday was the mega-corporations annual shareholder meeting. The public pressure prompted Mr. Chapek on Monday to say he was staying out of it. His She also worked toclarify the content brands for the two platforms, figuring out what types of programs should debut on the broadcast network (family comedies, mainstream dramas,shiny-floorcompetition shows) and which made more sense for Hulu (limited series, Emmy-bait dramas). The former executive confessed to being angry about how the issue played out. Ron DeSantis' support of the bill. It is clear that this is not just an issue about a bill in Florida, but instead yet another challenge to basic human rights. I agree. Chapek has a PR problem, not a business problem Investors are not dumping Disney.. Mr. DeSantiss national profile has risen in part thanks to conservative legislation like the Parental Rights in Education bill, which LGBTQ activists have said will cause harm to children struggling with their sexual and gender identity by cutting off support from teachers and encouraging teachers to out gay students to their parents. Like many companies, Disney took a hit when pandemic shutdowns began in March 2020, losing revenue from theme parks and theatrical box office. According to Chapeks message Friday, in which he said Disney will immediately pause its political donations in Florida, the figure will stay that way for the time being. [TRENDING: Strong storms on the way to Central Florida, then a HUGE drop in temperatures | DeSantis blasts Disney for woke response on Florida sexual identity in schools bill | Become a News 6 Insider (its free! He even signed Rice to a new deal last fall, clearly indicating he wasnt simply looking to make a change just to make a change. (adsbygoogle = window.adsbygoogle || []).push({});
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