Bob Iger says Disney is 'sobered' by coronavirus crisis
Walt Disney Co.'s annual shareholder meetings are typically quirky affairs, with a mix of serious business matters addressing executive pay, as well as offbeat questions from children.
Disney’s meeting of shareholders comes just weeks after the company named Bob Chapek as its new chief executive, replacing Iger after his 15-year run. Iger took on the role of executive chairman, where he is expected to guide the company’s creative endeavors, including programming for its key streaming services Disney+ and Hulu., 60, was previously chairman of parks, experiences and products after stints running Disney divisions including home entertainment and film distribution.
The CEO change comes at a potentially challenging time for Disney’s dominant movie studio, which posted a global box office record last year but is not expected to match those results anytime soon. Coronavirus fearsan adverse effect on the releases of major movies, including Marvel’s “Black Widow” and the live-action remake “Mulan.” China, where theaters remain shuttered because of the virus, is a key market for “Mulan.
After the business portion, the Disney executives returned to the regular program, with Iger leading the proceedings as the company showed off video clips from Marvel’s Disney+ series “The Falcon and the Winter Soldier,” “Mulan,” “Black Widow,” Dwayne Johnson comedy “Jungle Cruise” and Steven Spielberg’s adaptation of “West Side Story.”
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