"In the meantime, allow me to express my deep gratitude for all that you do. And 91 percent of Indian sports enthusiasts, or 124.2 million souls, are cricket fans. Starting next spring, that meansmillions of Indian Disney+ customers might decide to cancel theirsubscriptions. Privacy Policy and But I guess they are only tolerant if you agree with them on everything.that doesnt sound like freedom of thought to me, Not saying something is absolutely a political statement. Chapek is missing everything forget about whether he cares about the issue. Disney employs tens of thousands of Floridians, primarily at Walt Disney World. Its a much less sensational story than whats been written, but I thinkBob simply didnt like working with Peter.. Chief executive Bob Chapek doesnt think so. Christina Pushaw, DeSantis spokesperson, tweeted a response to the letter, saying Disney should not have said anything about the bill. I agree. Dubbed the "Don't Say Gay" bill by activists, the law prohibits "classroom discussion about sexual orientation or gender identity" in certain grade levels in schools. Things you buy through our links may earnVox Mediaa commission. ', Copyright 2023 Dow Jones & Company, Inc. 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Chapeks tenure saw the battle with Florida Republican Gov. Mr. Chapek on Friday took the most drastic step yet in trying to quell anger over Disneys response to a Florida bill known by opponents as the Dont Say Gay bill, saying the company was pausing all political giving in the state and boosting efforts to fight similar legislation in other parts of the country. Why Was Frank Ocean's Coachella Set Such a Disappointing Mess? He then rose to the position of Chairman of Walt Disney Parks and Resorts on 23rd February 2015. Speaking to you, reading your messages, and meeting with you have helped me better understand how painful our silence was. The most gripping TV drama of the year is happening behind closed doors. When that caused the chorus of critics to grow louder, he spent a significant portion of his annual shareholder meeting on Wednesday backtracking, saying Disney had been opposed to the bill from the start and that he was personally lobbying Florida Gov. Wow! I thought they were the more tolerant group. While Chapeks PR missteps may earn him anywhere from a C- down to an F grade, industry observers say Chapek also earns an A (or at least a B+) for growing the companys streaming service Disney+ to an impressive 130 million subscribers worldwide since its November 2019 launch. During the Disney shareholders meeting, Chapek stated the companys opposition to the legislation for the first time. We, Yahoo, are part of the Yahoo family of brands. Disney's market cap was approximately $55 billion when Iger took over in 2005, according to The Hollywood Reporter. Eisner was voted off back in the day and resigned as CEO shortly after. But he doesnt lean as far left as he used to. Its 100% a self-inflicted wound, one former top Disney executive previously told TheWrap. Combining Hulu and ABCs development and exec teams, clarify the content brands for the two platforms, A loss of upwards of 20 million subscribers, Do Not Sell or Share My Personal Information. Disneys CEO, Mr. Chapek is 61 years old as of 2021. Like many companies, Disney took a hit when pandemic shutdowns began in March 2020, losing revenue from theme parks and theatrical box office. By contrast, Chapek who inherited Rice from his predecessor, former Disney CEO Bob Iger waited two full years before making last weeks move. It prohibits discussing sexuality and gender in classrooms and allows parents to sue individual teachers if they believe a teacher has violated the law. However, the fact that Disney stock prices have remained relatively stable since Chapeks takeover indicates the CEOs blunders are not perceived as a threat to Disneys bottom line. You needed me to be a stronger ally in the fight for equal rights and I let you down. Before joining News 6, Brandon worked at WDBO. Walt Disney CEO Bob Chapek claims the company is not left or right leaning, and that everyone agrees Disney has the power to unite us all. But Chapeks claims You only need to own 1 share in order to vote. Chapek also said in the Monday memo that Disney had not donated to politicians specifically regarding the Dont Say Gay bill, but the company had contributed to Republican and Democrat legislators who have subsequently taken positions on both sides of the legislation.. Robert Chapek. Political partisans on the left and right pummeled him over his response to Floridas putrid Dont Say Gay legislation first for not speaking out in opposition to the bill and then for actually doing so. But, I know there is so much more work to be done. The Walt Disney Co. announced Sunday the unexpected reinstatement of Bob Iger as the entertainment giant's CEO, with his successor, Bob Chapek, stepping down. His tenure at Disney began when he was named unit president of Buena Vista Home Entertainment, a division of Walt Disney Studios Home Entertainment. Thats right, the Wall Street banker who runs a firm vilified as the great vampire squid has liberal leanings. Chapek remained as unit president until 2006, when he rose to become Disneys worldwide president of home video, a position he held until November 2009. Ron DeSantis and sought to meet with him to discuss the bill. Speaking to you, reading your messages, and meeting with you have helped me better understand how painful our silence was, Chapek said in the statement. Florida Republicans have passed a bill to forbid instruction on sexual orientation and gender identity in kindergarten through third grade. How old is Bob? All three seemed to have handled the additional oversight just fine. A Disney representative didnt respond to a request for comment on Chapeks second year as CEO. Bob Chapek is seen in the inset on November 8 in New York City. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Disney owns several properties in Florida, such as Disney World in Orlando, and the company is a major political donor to the state's politicians. We are hard at work creating a new framework for our political giving that will ensure our advocacy better reflects our values. He just wasnt doing the job the way his boss wanted it to be done. Woke corporations do not have veto power over bills passed by a legitimately elected state legislature.Democrats radical agenda is unpopular, so they try to use corporations to force it on Floridians who didnt vote for it. at Disneyland, New Mickey Mouse Nike Golf Shirt Available at Disneyland Park, Disneys donations to the bills supporters, Learn to Defend the Halcyon in Bridge Ops Training on the Star Wars: Galactic Starcruiser, First Closeup Look at Construction Inside the Connections Caf and Eatery at EPCOT. Last week, former CEO Bob Iger weighed in on a political debate in Florida regarding the Dont Say Gay bill in a tweet. 2016 Election Cycle. Bob Chapek was born Robert Alan Chapek on August 21, 1960, in Chicago, Illinois, United States. You needed me to be a stronger ally in the fight for equal rights and I let you down. He was the Image Source: The Walt Disney Company As we have seen time and again, corporate statements do very little to change outcomes or minds, he said. While speaking to employees shortly after taking the helm from fired CEO Bob Chapek, two-thirds of employees surveyed said they feared expressing their political or religious views at work. By Wednesday, after the bill had been passed by the Florida legislature, it was clear that Chapeks lack of public comment on the issue had become untenable. Email from Bob Iger to Disney staff, 7:19 p.m. pic.twitter.com/IiTQvBYYZp. *Sorry, there was a problem signing you up. (Spokespeople for Disney and Pixar did not respond to requests for comment on this claim.). Susan Arnold, chairman of the board of directors, said in a statement, "We thank Bob Chapek for his service to Disney over his long career, including navigating the company through the unprecedented challenges of the pandemic," according to The Hollywood Reporter. Now with Disneys latest statement, Michael Kahane with the AIDS Healthcare Foundation said, I am pleased with the position that Disney has taken, although I am disappointed in the process it took to get here.. Elevating the exec with the most experience and operational understanding of the creative side of TV to the top post at Disney General Entertainment should be seen as awinfor creatives and other execs at the company. You have helped me better understand how painful our silence was, he wrote. The public pressure prompted Mr. Chapek on Monday to say he was staying out of it. That sounds far-fetched to me Rice really doesnt have the broad Disney experience needed to run the company but nobody ever went broke betting on pettiness and insecurity as motivating factors in Hollywood. He went on: "When I look at the creative success of our teams across our Studios, Disney General Entertainment, ESPN and International, the rapid growth of our streaming services, the phenomenal reimagining and rebound of our Parks, the continued great work of ABC News, and so many other achievements across our businesses, I am in awe of your accomplishments and I am excited to embark with you on many new endeavors. Its a shocking development at Hollywoods biggest company. Key Points The Hollywood Reporter is wondering if Disney CEO Bob Chapek will have his contract renewed when it comes up next February. 2023 Vox Media, LLC. I truly believe we are an infinitely better and stronger company because of our LGBTQ+ community. The Human Rights Campaign will not accept this money from Disney until we see them build on their public commitment and work with LGBTQ+ advocates to ensure that dangerous proposals, like Floridas Dont Say Gay or Trans bill, dont become dangerous laws, Joni Madison, interim president of the HRC, said in a statement on Wednesday evening. That was Walden. Notably, Iger made no mention of Chapek in his statement, though he did assure employees that he would have more to share on Monday. Chapek didnt speak to the Carano incident directly but said Disney stands for values that are universal: respect, decency, integrity and inclusion and we seek to have the content that we make reflective of the rich diversity of the world we live in. 2023 Deadline Hollywood, LLC. At first, Chapek Chapek however ended As Crupi notes,Disney makes a mere 76 cents in average revenue per subscriber from Disney+Hotstar, which is just 12 percent of the $6.32 ARPU generated via the D+ customers in North America, which is why Chapek was able to pre-spin a possible loss of IPL during the last Disney earnings call. https://www.wsj.com/articles/disney-to-pause-political-donations-in-florida-11647028301. A Walt Disney Company insider tells The Hollywood Reporter that unlike his predecessor, Bob Iger, Chapek doesnt wish for Disney to wade into political discussions. I dont give a hoot what views CEOs have. The Week Before My Sons Were Born, I Lost My Smile, This Penn Station Plan May Be the One Everyone Can Live With, Amazons Prime Video Is Letting You Crank Up the Dialogue Now. Indeed, earlier this month, industry analyst Michael Nathanson of MoffettNathanson told theWall Street Journalhe was rooting for Disney to lose its bid for IPL rights because it would allow the company to set a more realistic subscriber goal. But it was merely the first step., Even more remarkably, statements to Disney leadership from several LGBTQ employee groups within the company became public, including one sent well before Chapeks company-wide email on Monday. Thats not meant as an insult to Rice, who is indeed also very well-respected around town, and was an ally to many inside the Disney TV operation (particularly FX chief John Landgraf, who reported directly to Rice). 'S Coachella Set Such a Disappointing Mess weighed in on a political debate bob chapek political affiliation Florida regarding the Dont Gay! To cancel theirsubscriptions did not respond to a request for comment on Chapeks second year as CEO shortly after squid. 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