Connect with us

Media & Culture

Bob Iger Steps Down As Disney CEO In Surprise Announcement; Bob Chapek Replaces Him

Published

on

Bob Iger

Bob Iger, 69, has stepped down as CEO of the Walt Disney Company, effective immediately and Bob Chapek is the new CEO, the board of directors announced on Tuesday, February 25.

Disney named the company’s head of parks and resorts, Bob Chapek, CEO effective immediately. But Mr. Iger will stay on as executive chairman, overseeing the company’s creative endeavours through the end of next year, until his contract expires on December 31, 2021.

Iger said in statement: “With the successful launch of Disney’s direct-to-consumer businesses and the integration of Twenty-First Century Fox well underway, I believe this is the optimal time to transition to a new CEO.”

Disney Company’s new CEO Bob Chapek most recently served as chairman of Disney Parks, Experiences and Products. Iger said he has the “utmost confidence” in Chapek and looks forward to “working closely with him over the next 22 months as he assumes this new role.”

Chapek said in a statement: “I am incredibly honored and humbled to assume the role of CEO of what I truly believe is the greatest company in the world. Bob Iger has built Disney into the most admired and successful media and entertainment company, and I have been lucky to enjoy a front-row seat as a member of his leadership team.”

Bob Chapek

Iger’s announcement caught Disney employees and rival media executives off guard. His transition was inevitable, but no one expected it to happen at the time that it did.

Iger said it was the right time to step down because he needs to spend more time on the “creative side” of the company.

He said on an investor call after the announcement: “I could not do that if I had to run the company on a day to day basis.”

In an interview with CNBC, Iger said his succession plans were “actually a few years” in the making and that Chapek was identified “awhile ago as a likely candidate” to succeed him.

“He ran one of our most complex, one of our important businesses, global parks and resorts, for instance, during a time of great capital investment and a time of great change, and did so very well,” Iger said of Chapek.

Iger said that he would leave the company for good once his contract is up in 2021.

“I’ve been with the company for 45 years, and was in the CEO job for 15 of those years,” Iger said, “It’s been a fun run.”

Media & Culture

Family Of Moesha Buduong Releases Statement

Published

on

The family of Moesha Buduong have issued a statement in relation to the ongoing issues on social media concerning their daughter.

In the statement to the media and netizens, they asked that people give Moesha a break because everyone has a past, present and future same applies to their daughter.

According to them, no matter what their daughter has done or where she has been to, there is always a time where one can get a change of mind or come to a realization that they have done bad and want to change.

It continued that their daughter has gotten to that stage and they believe it’s time people stop spreading rumours and sharing audios on social media and allow their daughter to heal.

Read the full statement below.

https://www.instagram.com/p/CR53V21psjU/?utm_source=ig_web_copy_link

Continue Reading

Media & Culture

Olamide Reveals The Reason He Signed Fireboy DML

Published

on

Nigerian singer and YBNL boss, Olamide has disclosed why he decided to sign his music act, Fireboy DML.

Olamide was quizzed about the reason he took Fireboy DML in to mentor him aside from signing him. He intimated that he could see that Fireboy was different with his style of music and deep appreciation for his songwriting ability.

Omamide said: It’s the sound. Still today, for me, it’s still the same. There are so many young artists out there but they’re nothing compared to the kind of music Fireboy makes. It’s just way beyond his age. I think Fireboy is 57 years old [Fireboy laughs out loud]. He writes like an old man. He’s one of those few people that I learn from sometimes. Like, ‘what does this dude think about when he’s writing?’

In a chat with Speaking to OkayAfrica, Fireboy DML recounted his first encounter with Olamide. He explained that their first meeting was at a hotel and they built their relationship from there.

He said: “I remember. Because that was a big moment for me. I met him for the first time in person at a hotel in Lekki. We exchanged a few words — he’s a man of few words. But I think we started recording that same day, working on the album.

Continue Reading

Media & Culture

Justin Bieber Reaches Out To Simone Biles

Published

on

Justin Bieber is the latest star to reach out to US Olympian gymnast Simone Biles after she pulled out of both the team and the all-around gymnastics finals at the ongoing 2020 Tokyo Olympic Games to focus on her mental health.

In a heartfelt Instagram post, the Canadian pop star wrote that “nobody will ever understand the pressures” facing Biles as she pulled out of both the team and the all-around gymnastics finals at the 2020 Tokyo Olympic Games this week.

Bieber also went on to compare Biles’ withdrawals to his own decision to cancel the last leg of a tour for his fourth studio album, ‘Purpose,’ in 2017.

Posting a picture of Biles, the ‘Baby’ singer wrote: “Nobody will ever understand the pressures you face! I know we don’t know each other but I’m so proud of the decision to withdraw. It’s as simple as what does it mean to gain the whole world but forfeit your soul.

Sometimes our no’s are more powerful than our yes’s. When what you normally love starts to steal your joy it’s important we take a step back to evaluate why.

People thought I was crazy for not finishing the purpose tour but it was the best thing I could have done for my mental health!! So proud of you @simonebiles.

Read Full Post Here.

Continue Reading

Latest Stories

The Daily

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Follow Us

Trending