Tag: Bob Chapek

Robert A. Iger is returning to The Walt Disney Company as CEO, effective immediately, replacing Bob Chapek.

The Walt Disney Company saw its Q1 revenues rise by 34 percent to $21.8 billion, helped in part by gains at its direct-to-consumer streaming division, with Disney+ ending the quarter with 129.8 million total subscribers, a 37 percent year-on-year gain.

Highlights of The Walt Disney Company's third-quarter financials include a 45 percent boost in revenues to $17 billion and Disney+ subscribers soaring to 116 million.

Revenues at The Walt Disney Company were down 13 percent to $15.6 billion in the second quarter as it continues to feel the impact of Covid-19.

The Walt Disney Company has set new targets for its suite of streaming services, unveiling a raft of new content and an expansion of the Star international brand at its 2020 Investor Day, where it revealed it has topped 137 million paid subs across its portfolio.

The direct-to-consumer and international segment at The Walt Disney Company posted a 41 percent increase in Q4 revenues to $4.9 billion as Disney+ topped 73 million subs.

With its parks largely shuttered and movie theaters closed due to COVID-19, The Walt Disney Company reported a third-quarter loss of $4.7 billion on revenues that were down 42 percent to $11.8 billion.

While reporting strong subscriber gains for its SVOD platform, The Walt Disney Company saw its profit plunge in the second quarter as it deals with the impact of the novel coronavirus pandemic.

Bob Chapek, chairman of Disney parks, experiences and products, has been named CEO of The Walt Disney Company, effective immediately, while Robert A. Iger assumes the role of executive chairman and will direct the company’s creative endeavors.

The Walt Disney Company has reorganized its business segments into the newly formed Direct-to-Consumer and International; the combined Parks, Experiences and Consumer Products; Media Networks; and Studio Entertainment.