Big changes could hit Disney executives as a pivotal moment approaches

Bob Iger is back and big changes could be on the horizon.

We’ve already seen several executives leave the company since Iger’s return, and more adjustments are likely as steps are taken to reorganize Disney’s corporate division.

According to Deadline, initial excitement over Bob Iger’s return to the CEO job has faded. Replaced by “anxiety” As speculation intensifies about “Pending corporate restructuring” and the possibility of subsequent layoffs.

A report filed on the Walt Disney Company website after Iger’s return shared that it “expects Mr. Iger to start in the coming months.” Organizational and operational changes In-house to address board goals. ”

They continued, “Plans are in the early stages, Structural and operational changes are expected, including within DMED (and possibly including the delivery approach and business/delivery platform chosen for the initial delivery of content). ”

Now, since Iger’s return, Disney is reportedly under more pressure to do some sort of “rebound.” And pressure from activist investor Nelson Peltz and his battle for a seat on the board will likely only exacerbate matters.

Further details regarding the potential restructuring will be revealed shortlyand some seem to think this news could coincide with Disney’s upcoming news. Financial results briefing scheduled for February 8th.

The restructuring could include consolidation within the marketing department and changes to Disney Television Studios, but it seems likely that DMED (Disney Media and Entertainment Distribution) will be at the center of the change.

This department was created by Chapek to centralize distribution decisions, but took decision-making power away from creative leaders. Iger is now trying to reverse this move.

There are still questions about the unwinding of DMED, the fate of these executives caught in the mix, and the status of Disney Television Studios and the incorporation of certain FOX assets.

Bob Chapek and Bob Iger at Disney World’s 50th Anniversary Celebration

According to the deadline, “everything seems to be on the tableVarious options are being discussed on 20th TV and ABC Signature for a possible merger of the divisions.

Deadline reports that it “heard” that Disney’s layoffs due to this reorganization could be smaller and more targeted. However, restructuring efforts are not easy.

Also, apparently Stocks remain a big focus Cost-cutting efforts aimed at improving stock prices. At the end of 2022, stocks hit multi-year lows. However, the stock is trending upwards in 2023.

Another focus for Iger (and the board)? regain the trust of the street. One insider said, “Returning to the street’s conscience solves the problems of Peltz and other activist investors, solves shareholder grievances, and solves everything for now.” The insider said, “Whatever it takes, whatever cost they have to cut, that’s what they do.”

We’ve already seen a number of management changes impacting Disney, but more seems to be on the way and could be revealed just before the big date. There is. We will keep an eye on updates.