In about 698 days, the Walt Disney Company is supposed to have its fourth CEO in three years.
06.12.2022 - 18:41 / deadline.com
With the unexpected return of Bob Iger last month for a new stint as Disney CEO, the entertainment giant’s veteran chief financial officer Christine McCarthy has emerged as a leading contender to take over the top job.
“Christine has always been a force to be reckoned with, but you have to put her on a list of top five possibilities after the last few weeks,” a Disney insider said of the now prominent CFO. If McCarthy was handed the keys to the Magic Kingdom in the next 23 months, the exec would occupy a historic position as the first female CEO in Disney’s soon to be more than 100 year existence.
CFOs are key managers but more often than not low profile, working behind the scenes, emerging during earnings season and the occasional investor conference. Rarely do they take center stage, especially in the heat of battle leading the troops into a messy ouster of their boss — and rarer still do they become a king killer.
That’s what happened, however, with McCarthy, the longtime Disney treasurer who became CFO in 2015.
A steady hand in the previous Iger regime and when Chapek was in charge, McCarthy was influential in helping to successfully engineer a string of key mergers, and adept at raising and husbanding cash during the depth of Covid.
Yet, on November 20, the CFO became the public face of the Disney coup d’état. Distraught by the company’s dire bottom line and missteps by Chapek over the last 18 months, McCarthy is the executive whose name is now in the history books for going to the board and its chair Susan Arnold to orchestrate a revolt in the executive suite that brought Iger back after less than a year of official retirement.
Going to Arnold in mid-November, McCarthy, one of the highest-ranking women in the
In about 698 days, the Walt Disney Company is supposed to have its fourth CEO in three years.
The stuntman son of the man who Nissa Diederich took over from at 20th Television last year is suing the EVP and the Walt Disney Company for retaliation and putting him on a career killing blacklist.
The fate of ESPN, Disney’s prize asset and a reliable generator of cash flow even in uncertain times, remains the subject of vigorous debate in industry and finance circles.
Mason Disick was feeling the love at his birthday party over the weekend!
And so it begins. Thirteen years after the first Avatar arrived in movie theaters, conquered and continued to conquer the global box office as the highest release of all-time with $2.9 billion worldwide, Avatar: The Way of Water, the sequel to the James Cameron directed 3x Oscar winning 3D sci-fi movie arrives with a global outlook of $525M in what is Disney’s widest global release ever at 52K screens, surpassing Avengers: Endgame.
Two years ago, Bob Iger pointed to the rafters and said, the future of our business is on streaming and Disney+. By then, everyone had a streaming service or one in the works, and it ushered in the age of #TooMuchContent.
The King of the World won’t be at the L.A. premiere tonight for Avatar: The Way of Water after testing positive for Covid.
Alyssa Scott is more than ready for this baby to arrive!
Disney + Basic, a cheaper version of the 3-year-old streaming service, has officially gone live.
EXCLUSIVE: Esther Povitsky (Dollface), Bobby Lee (Reservation Dogs) and Beverly D’Angelo (National Lampoon’s Vacation) are among the notable comedic talents set for Drugstone June — a new feature that Utopia, All Things Comedy, and Shout! Studios have partnered to produce for world sales.
When Disney launches the ad-supported tier of Disney+ later this week, about one-quarter of current U.S. subscribers are expected to opt for the lower-cost version with ads, according to new research from Kantar.
Over the course of 144 minutes, Philip Yung’s true-crime drama Where the Wind Blows covers an awful lot of ground. An epic in the style Sergio Leone’s Once Upon A Time in New York, it pairs Asian superstars Tony Leung and Aaron Kwok in a story spanning several decades of police corruption in Hong Kong during its time as a British colony. The detail is sometimes dense, but the tone turns playful and refreshingly light at times, and there’s even a memorable musical routine for “The God of Dance” Kwok.
When Michael Eisner was making a ceremonial exit as Disney’s CEO in 2005 he acknowledged that the intrigues of succession had become “Shakespearean.” Rival corporate factions were vying for power. Some insiders were persuaded that Eisner never would actually depart.
Disney said an upcoming restructuring under new/old CEO Bob Iger could result in impairment charges. It also noted that, as expected, it’s acquired the remaining 15% of streaming tech company BamTech it didn’t already own, paying $900 million. The news was tucked in a long year-end SEC filing today after a tumultuous ten days for the company.
Danny Miller has spoken out after it was claimed that ITV snubbed him during this year's final of I'm A Celebrity...Get Me Out Of Here! The Emmerdale star was crowned 'King of the Castle' in 2021 and some fans thought he may have been asked to appear Down Under to hand over the crown to this year's winner Jill Scott.
“There is a lot to do,” Bob Iger told Disney staffers today of the state of the company he is now running again. “Quickly,” added the newly re-minted CEO at a town hall at the company’s Burbank HQ heralding his official return.
Death, taxes and films that bomb at the box office.
Disney stock faded more than 1% on the second day of Bob Iger’s return engagement as CEO, reflecting investors’ divergent outlooks on the media giant’s prospects
The surprise return of Bob Iger as Disney CEO, replacing his own replacement Bob Chapek, is not without precedent in corporate America, as Jimmy Kimmel reminded viewers last night.
Dancing with the Stars‘ first season on Disney+ has come to end! So much change has already been announced going into tonight’s season 31 finale. First, judge Len Goodman and Cheryl Burke have called it quits. Then, Disney gave Bob Chapek the heave-ho and rewarded Bob Iger with his old CEO seat. A desperate plea from the cheap seats, Mr. Iger: return the mirror ball to ABC! I think we can all agree that this streaming experiment has gone the way of the polka: no one wants Disney+ anywhere near the ballroom. Perhaps moving it back home to Mondays on ABC can be your next major decision after lowering the price for the Genie+ line-skipping service at the parks?