Disney CEO Peter Rice has released the CEO of Entertainment with great surprise

The era of significant changes in the entertainment industry continued on Thursday, with Peter Rice, president of Disney General Entertainment Content, unexpectedly released.

My colleague John Horn reported that Bob Chap was fired by Disney CEO in a seven-minute interview.

The movement is subject to criticism from Chapek, both inside and outside the company. Popular controversy over the company’s slow response to Florida’s “Don’t Say Gay” legislation, even though it was preparing to relocate about 2,000 employees from Southern California to Florida.

The decision to stay out of the debate initially sparked criticism from both inside and out of Disney, along with a number of staff public speaking. Legislation restricting the teaching of sexual orientation and gender identity has been found to be anti-LGBTQ +.

Why Now?

Chape took over in February 2020 to replace former Disney director Bob Iger. He is less than a year old as CEO, which will be completed by the end of February 2023 and has yet to be renewed.

Why fire rice now? Much of the speculation in the industry is focused on Rice, who is highly respected in Hollywood, for being the top internal candidate if Chape replaces him at the end of his contract.

There are those before Rice spoke about Florida’s “Don’t say gay” legislation before Chapek. Chapek came after organizations pledged $ 5 million in donations to organizations working to protect LGBTQ + rights, some of whom saw a delayed response.

Rice said in a statement that the law was “seen as a violation of basic human rights, and I condemn any attempt to exclude individuals on the basis of their identity.” Contribute to the LGBTQ + community “.

Chap has also been on fire throughout the industry with questions raised about the streaming economy. Launched by Disney + in November 2019 at the end of Iger’s tenure, it had early growth, but like other players, Disney has to deal with potential growth after spending heavily on two episodic sessions and releasing films that were initially released in theaters. .

Streaming has been a huge expense as companies have struggled with subscribers, believing that not all current services will survive. Netflix recently reported a loss of subscribers for the first time, and several streaming services have announced that they will consider adding or adding options to support advertising. Many Disney fans have also been critical of Chapek’s reign, with prices and sales rising sharply in the company’s theme parks.

Support from Chapek’s Council

In its statement, Disney’s Board of Directors expressed its support for Chap on Thursday. Disney President Susan Arnold said:

“The strength of The Walt Disney Company’s business out of the pandemic is a testament to Bob’s leadership and vision for the future of the company. they have “.

A company news release announced that Dana Walden would replace Rice and report directly to Chapek. He is a former deputy and longtime colleague of Walden Rice – the company stated its close working relationship in its announcement. He is promoted to President of the Television Department. Rice and Walden came to Disney from Fox at the time of their purchase.

“Dana is a dynamic, collaborative and cultural leader that has turned our television business into a content powerhouse for three years, constantly providing entertainment to its viewers,” Chapek said in a statement.

Walden’s position includes overseeing entertainment and news programming on broadcast, streaming, and cable. Its supervised brands include ABC, Disney, Freeform, FX, Hulu and National Geographic. Some of its successes announced by Disney in the announcement are those of ABC Abbott Primary EducationOnyx Collective Documentary Summer of the Souland Hulu programs Only murders in the building to The Kardashians.

“It’s a great honor to be asked to lead this amazingly talented team – they’re really the best in every way – and I thank Bob for this definitive opportunity in life,” Walden said in a Disney press release. .

Note: Peter Rice serves as the director of Southern California Public Radio, including LAist and KPCC. He is not involved in the drafting.

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