Bob Iger reportedly alarmed by increases in prices at Disney theme parks under Bob Chapek

Nov 23, 2022 in "The Walt Disney Company"

Posted: Wednesday November 23, 2022 12:30pm ET by WDWMAGIC Staff

There is a new hope for Disney's theme park fans that the endless rounds of price increases may be coming to an end with the return of Bob Iger as CEO.

In a report by the Wall Street Journal, Iger is apparently "alarmed by increases in prices at Disney theme parks that Mr. Chapek argued would boost revenue and limit overcrowding."

During his time as Disney CEO, Chapek made no attempt to hide his efforts to maximize profits at the parks, even if it meant alienating the loyal Disney fan-base in the process.

Any price reductions at the parks are probably unlikely, but the change of CEO may at least see a slow down of price increases if the alledged comments made by Iger regarding pricing are accurate.

Other points from the WSJ article relating to Iger's concerns with Chapek's management of Disney include:

  • Chapek had given priority to the Disney+ business at the expense of other parts of Disney, like cable television and the theme parks
  • Chapek was too responsive to changes in Disney's share price
  • Chapek was too eager to layoff vast numbers of Disney Cast Members as COVID took hold.

And most telling of all, the article suggests that Iger had been telling multiple people that "He's killing the soul of the company."

You can read the full WSJ article here.

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Smiley/OCDJan 19, 2024

At least he doesn’t star in his own commercials the way Tom Carvel did…Cookie Puss, Fudgie the Whale…

SirwalterraleighJan 19, 2024

Buffett still has one of the best stories ever…he liked Dairy Queen so much he bought it 😂

LilofanJan 19, 2024

That kind of diet is right up 93 years young Warren Buffett lifestyle alley of eating fast food and dairy queen on a regular basis. His take on that is he eats like a 6 year old kid which he says has the lowest death rates.

SirwalterraleighJan 19, 2024

Oh…Nelly is getting surly… He better not stop by a park and get a Mickey bar…Bob left standing orders to have a few made with antifreeze subbed for the milk

SirwalterraleighJan 19, 2024

She said some crazy @$$ bleep not too long ago… Elon gets away with being a kook because he happens to be like the richest dude…ever…

TraumaJan 19, 2024

John park hopperJan 19, 2024

Come on Bob 595---- let's hope you can hit 600 in 2024 and I'm not talking baseball.

LilofanJan 18, 2024

Execs are very good at reinventing themselves and many critics have the attention span of less than a goldfish - 8 seconds.

MR.DisJan 18, 2024

I was not talking about personal wealth, but that her status as an executive has been tarnished. Not going into rumors and innuendo.

LilofanJan 18, 2024

She sold off her Meta stock in 2022 - $1.8 billion. She's resilient especially after her first husband an accomplished exec of Survey Monkey died while falling off a treadmill in a hotel resort gym during a family vacation.

AylaJan 18, 2024

😂 She's worth 2+ billion dollars. She's fine.

MR.DisJan 18, 2024

Just saw where Sheryl Sandberg is leaving META. At one point she was highly thought to be in the running to take over Disney, but her fortunes have changed drastically.

MR.DisJan 18, 2024

One thing that should be demanded by who ever is picked to take over--Bob Iger needs to completely leave the premises. No honorary office, not even a small cubicle. All privileges gone. If it satisfies his ego, make a statute in his honor--say just outside one of the restrooms in one of the parks.

SirwalterraleighJan 18, 2024

Notice how that corresponds with his ego never wanting to leave either The guy “retired” and never even moved out of his office. A comp: Eisner turned in his keys, his office and his main gate a year early