Since Bob Chapek took over as CEO of The Walt Disney Company, he has found himself making headlines for a lot of the wrong reasons. Speaking to sources inside the company, The Hollywood Reporter reports that those missteps could mean his days are numbered.
Many people will point to the position he wanted Disney to take on Florida's so-called "Don't Say Gay" bill and the public backlash it drew from fans and employees. Inside the company though, that move is seen as the latest in a line of decisions that indicate Chapek may be out of touch with the people that work for and consume products from the company.
"It's funny how many people have said to me, 'It's such a giant mess, but I'm not surprised,'" one longtime Disney insider told THR's Kim Masters of the way Bob Chapek responded to the Florida legislation. "That's part of what makes it difficult to recover from."
From a sports media standpoint, what will be worth watching is what this means for ESPN. Chapek comes from a consumer products background and has been more aggressive than any Disney CEO before him about embracing sports betting and taking advantage of the revenue that it could generate for ESPN. Advertising is one thing, but Chapek has made it clear that he is willing to license the ESPN name to a sportsbook if the price is right.
Would another CEO embrace something outside of Disney's family friendly image so aggressively? That is a question that is especially worth asking if Chapek is removed for having lost the confidence of the Disney Board of Directors.
Disney had a management retreat scheduled for this weekend. It would have put Chapek in front of some of the most powerful executives in the business world. The company cancelled the retreat at the last minute. It is a decision one source told Masters was "not necessarily fatal but very serious and destabilizing."
"This was Chapek's big moment, post Iger, to assert his leadership and vision in front of the top 300 execs worldwide," the source said. "These events at Disney are like political rallies, coronations, sports camps and proms all in one."
Bob Chapek still has eleven months left on his current contract at Disney and sources tell Masters that as far as they know, nothing is for certain. However, the story indicates that the writing may literally be on the wall in terms of what direction the decision makers are leaning.
"A cartoon hanging in the production offices of The Simpsons seems to suggest an opinion," Masters writes. "It has Chapek in the 'In Memoriam' section of the Oscars show."
No comments:
Post a Comment