Disney CEO Bob Chapek Lays Out 2022 Priorities In New Year’s Note To Employees
10.01.2022 - 22:55
/ deadline.com
Bob Chapek, who is nearing the two-year mark since he took the baton as CEO for the Walt Disney Co., has articulated three key strategic priorities for the company in a memo to employees.
Referring to them as “pillars,” Chapek identifies the three areas as storytelling, innovation and a “relentless focus on our audience.”
The exec’s status as Disney’s sole leader was reaffirmed by 2021 officially coming to an end. Predecessor Bob Iger, who had stayed on as executive chairman and a creative consultant, officially ended his tenure on December 31. Several other long-tenured execs have also departed the company. On Wall Street’s checklist for Chapek, the No. 1 item is hitting subscriber projections for Disney+. Those numbers have sagged a bit of late, prompting concerns about its prospects after a white-hot launch in 2019. In November, Disney said it added just 2 million subscribers to its flagship service. It has pledged to reach 230 million to 260 million (from its current level of 118 million) by the end of fiscal 2024.
When Iger stunned the industry and business world by ceding the CEO role to Chapek in February 2020, Covid had just started its disruptive march across the globe. The new boss, who climbed the corporate ladder by running divisions like home entertainment and theme parks, was immediately put to a grueling test, managing through an historic period of uncertainty. All of the company’s core sources of revenue — parks and resorts, movie theaters and live sports, dried up instantly. Chapek won praise for navigating that intense early stretch of the pandemic, and the company’s stock closed that year on a high note, riding a wave of announcements of film and TV titles bound for Disney+.
Last year, however, the weather
The website popstar.one is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can
send a complaint on the news if you find it unreliable.