Former Disney CEO Bob Iger can strike the “former” from the at title because he surprisingly is taking over for his success, as Iger replaces Bob Chapek, who took over for Iger in 2020. Iger’s return is surprising given his choice to retire two years ago, CNN reports.
Disney’s growth suffered–obviously–during the pandemic of 2020 as amusement parks and theaters were shut down; however, Disney’s investment in streaming services is picking up, although it reported a $1.5 billion loss in the fourth quarter as, ironically, people started going back to amusement parks and theaters.