Disney’s streaming push complicates Bob Iger succession race
reboot, all of which are headed for Disney+, the streaming service set to launch Nov. 12. They'll also hear from CEO Bob Iger, and, unknowingly, they might be given a shot at mingling with Iger's eventual successor.
But Disney has been down this road before. Iger, 68, has changed his mind multiple times about retirement, citing big initiatives he needs to see through before leaving, the latest being the partial merger with 21st Century Fox, which closed March 20. Not only might Iger extend his run again, but the succession bake-off also could change dramatically, as it did when former CFO-COO Thomas Staggs — once positioned as the primary contender — left the company in 2016.
“Mayer is a fascinating choice,” adds analyst Jimmy Schaeffler of the Carmel Group. “The combination of two decades at Disney together with stints at, Clear Channel and the research firm L.E.K. Consulting, and the résumé works some subtle magic. The real question is: can his character and personality walk figuratively, and literally, in the footsteps of Walt Elias Disney and Robert A.
As for Pitaro, he was asked to prove his mettle when in 2018 he was made not only co-chair of Disney Media Networks but also president of ESPN, which one insider called "the toughest job in television," given that the leader in sports media has lost about 15 million subscribers in eight years due to cord-cutting. If he can right that ship — which he's trying to do partly through streamer ESPN+, now at 2.4 million subscribers — he may prove he can run all of Disney.
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