While the news of Bob Chapek’s exit has cooled down, it appears the real reorganization is only just getting started at the Mouse House.
The Walt Disney Company has seen an incredibly tumultuous few weeks. On November 20, we saw Bob Chapek get ousted from his position as Disney CEO, and he was replaced by his predecessor, Bob Iger. Iger’s return saw more than a few organizational and structural changes to the company. For one, many of Chapek’s allies were also let go, so much so that people speculated on the safety of CFO Christine McCarthy’s job.
But as it turns out, that’s not all. It turns out that the restructuring that will come with Chapek’s exit and Iger’s return and subsequent change in business strategy could cause the Mouse House to face impairment charges.
“As contemplated by the leadership change announcement, we anticipate that within the coming months Mr. Iger will initiate organizational and operating changes within the Company to address the Board’s goals. While the plans are in early stages, changes in our structure and operations, including within DMED (and including possibly our distribution approach and the businesses/distribution platforms selected for the initial distribution of content), can be expected,” the 10K filing said. “The restructuring and change in business strategy, once determined, could result in impairment charges.”
While Chapek has left the Mouse House and got a hefty payout as he left as well, his decisions appear to be still impacting the . And is bringing many changes. What Deadline was referring to in their article was DMED- and -a new group that Chapek had created and was run by the now-ousted . This distribution group will be one of ‘s primary targets in his return and caused many execs a lot of frustration as well.
Only time will tell what the future holds for Disney. But as any Disney Fanatic can tell you, the company hasn’t been around for 100 years for nothing, and we trust that Disney will come out on the other side smooth sailing.
We at Disney Fanatic will continue to report on all Disney news as it comes to light.