Bob Iger, Walt Disney CEO, confirmed he will step down in 2026 as his current contract concludes, emphasizing that the ABC broadcast network is not up for sale.
In an extensive interview, Iger expressed optimism about Shanghai Disneyland’s future, anticipating a theme park expansion soon.
The 72-year-old returned to Disney in November 2022, extending his tenure through 2026. Disney’s board is actively searching for his successor.
New directors, James P. Gorman and Jeremy Darroch, were appointed, and Iger mentioned Disney’s commitment to cost-effectiveness.
Despite challenges in linear TV, Iger asserted that Disney’s ABC unit remains non-negotiable.
He acknowledged missteps in the abundance of sequels and Marvel series for Disney+, emphasizing the need for quality.
Disney’s decision to pause advertising on social media platform X, following Elon Musk’s controversial endorsement, was explained as a strategic move for the company’s image.
Disney’s stock closed nearly unchanged at $92.44 on the NYSE.
