Disney CEO Bob Iger is open to extending his terms with the company right after his contract ends in June 2018.
According to a report in Los Angeles Times, Disney CEO Bob Iger is open to the prospect of him extending his tenure with the company. His contract ends in June 2018 but he is willing to serve more as CEO depending on the decision from the board of directors.
In fact he notes that he is willing to do what is best for Disney. He adds that he is confident that his successor is to be chosen wisely but he is still open to extend his tenure with the company. Iger's post as Disney CEO was supposed to end in June 2016 that started in 2005. However, his term was extended in 2014.
Variety reports that the expiration of the Disney CEO post in June 2018 is a personal decision of Iger. However, for the first time he speaks about the extension of his tenure ship once the expiration date comes.
As of this time, there has been no successor for Iger as Disney CEO. However, there are three names that may suit the post. Internal candidates for the post include president of Disney/ABC television group Ben Sherwood, chairman of Disney's parks and resorts Bob Chapek and the conglomerate's chief strategy officer Kevin Mayer.
Meanwhile, a report in CNBC cites that the decline of subscribers for ESPN will still be benefited by the digital platform. The digital distribution for TV shows is beneficial and will rise up the income for the company. Disney is still to gain especially that ESPN may be in Google soon. However, there is no confirmation from Google yet regarding the platform. It recently is being distributed in HULU for Direct TV.
Disney has also invested in BAMTech which is set to position ESPN in the years to come. It seems that there are changes to be expected in the coming years for the company.
© 2023 Lawyer Herald All rights reserved. Do not reproduce without permission.
Get the Most Popular Lawyerherald Stories in a Weekly Newsletter
Join the Discussion
