Bob Iger is returning as Disney CEO in a dramatic shakeup
on streaming last quarter. Its market capitalization has also fallen from $257.6 billion in Iger's last full year to $163.5 billion. Much of that fall is pandemic related, though, as movie theaters and Disney's parks were forced to shut down.
The move comes as a surprise considering that Disney had renewed Bob Chapek's contract for three years . Iger, meanwhile, has a near-mythical status at Disney CEO, having presided over the acquisitions of Pixar, Marvel, Lucasfilm and 20th Century Fox. That legacy will be put to the test, though, as Disney faces challenging times — the companyAll products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links.
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