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Got some juicy news about shakeups at Disney $DIS It's being reported that Peter Rice, chairman of Disney’s entertainment and programming division, is exiting the company. Sources told THR, embattled Disney CEO Bob Chapek summoned Rice to his office Monday and relieved him of his duties. The CEO, who took over for Bob Iger last year, is said to have felt that Rice was no longer a fit. Chapek told Rice that he was not a fit in “the new Disney culture,” to which Rice said words to the effect that he thought they were in the midst of building the new Disney culture. He asked in what way he did not fit and Chapek responded, “Now is not the time” and dismissed him. It's also important to note industry insiders believe Rice was perceived as angling to replace the embattled Chapek. Also notable to state that since Iger left as CEO and Chapek took over, Tom Staggs, the former COO of Disney heard from associates that Chapek had actively undermined him in the running for CEO. Kevin Mayer, who had been overseeing Disney+, exited after Chapek was named CEO, and Peter Rice was also in the running as Iger's replacement. Why is this massive? Peter Rice after coming to Disney in 2019, was in charge of creating original content for Disney’s streaming platforms, cable and broadcast networks with oversight of ABC Entertainment, ABC News, Disney Branded Television, Disney Television Studios, Freeform, FX, Hulu Originals, National Geographic Content and more. Additionally from my knowledge and sources I've talked to, Peter Rice has been well respected across the entire entertainment industry, especially in Hollywood So if you're using Disney+, Hulu, or a big Disney fan - what are your thoughts about this? #disney #publiccommunity #entertainment #streaming Source: https://www.hollywoodreporter.com/business/business-news/disneys-peter-rice-ousted-in-major-executive-shake-up-1235161999/?utm_source=twitter&utm_medium=social
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