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Disney’s Q4 earnings report saw the company take some major wins (like 12.1 million subscribers new to Disney+) but also some major losses — including a $1.5 billion loss of DTC, a revenue total ($20.15 billion with earnings of 37 cents per share) that fell short of Wall Street’s projections, and shares that fell 7%, the lowest in two years. In the wake of those earnings, CNBC “Mad Money” host Jim Cramer has a fairly radical suggestion for the corporation — get rid of CEO Bob Chapek. “Disney, they have ESPN. If we were on ESPN, we would say he’s...

During his disastrous tenure as Disney CEO, Bob Chapek oversaw a near-complete wokification of the once-beloved company with his aggressive pursuit of far-left causes, including transgenderism and the sexualization of children’s entertainment. As a result, shares of the Walt Disney Co. are in the toilet and the previously invincible company is facing an uncertain financial outlook, with layoffs and hiring freezes on the horizon. On Sunday, the Walt Disney Co. shitcanned Chapek after just two years on the job. But don’t expect a political reversal under old-now-new boss Bob Iger, who will no doubt push Disney even further left. Iger,...

Disney fired its CEO Bob Chapek after receiving several internal complaints from senior staffers that the exec was running the company into the ground, people familiar with the matter have revealed. Among those to air such concerns was Disney's Chief Financial Officer Christine McCarty, who the insiders said was among many to find Chapek, 62, unfit for the role, CNBC reported. The company's board of directors acted almost immediately after receiving the complaints, reaching out to his predecessor and former mentor Bob Iger, 71, Friday to come out of retirement and replace a man he less than a year ago...

In a stunning turn of events, The Walt Disney Co. says that Bob Chapek will step down as CEO, with Bob Iger returning to lead the company.

Protestors rally in opposition to The Walt Disney Co.’s stance against a recently passed Florida law outside of the company’s headquarters in Burbank, Calif., on April 6, 2022. (Jill McLaughlin/The Epoch Times)As the battle between Florida and The Walt Disney Co. executives continues to rage on, a longtime employee of Walt Disney World Resort near Orlando is speaking out, sharing how he and the majority of his fellow cast members are “ashamed to work for this company.” The employee, a custodial cast member of 35 years for Disney’s Magic Kingdom Park, spoke to The Epoch Times under the condition of...

Bob Iger will step down as Disney CEO and assume the role of executive chairman, Disney announced on Tuesday. Bob Chapek, who most recently served as chairman of Disney parks, experiences and products, will assume the role of CEO, effective immediately, Disney announced. Shares of Disney fell about 2.5% after hours. Iger will remain executive chairman of Disney through the end of 2021, according to the company. He has been instrumental in making Disney a media powerhouse with key acquisitions and content plays. He launched Disney+, immediately making Disney a popular streaming service provider. Disney said the service had 26.5...