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

15 days ago 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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lazyboy97o5 hours ago

“98% of statistics quoted on the internet are made up.” - Abraham Lincoln

Casper Gutman5 hours ago

Man, I cannot wait for the MCU X-Men.

LittleBuford5 hours ago

Majority of whom?

_caleb5 hours ago

Majority of what?

Laketravis6 hours ago

You might peruse some of the opinions outside of this WDW Magic echo chamber. An alarming majority specifically cite this "woke mentality" as their reason for no longer supporting Disney.

_caleb6 hours ago

Maybe reanimated minions of She Who Shall Not Be Named?

OrlandoRising7 hours ago

Is it me or are there more than the usual amount of these just-created spam accounts posting in this thread?

Lilofan8 hours ago

When the incoming CEO from the outside or inside came in to replace temporary Iger in 2 years and Christine doesn't resign like Mayer, Staggs and Rasulo who were passed over, it is probable when the new guy comes , the first head on the chopping block would be hers.

Casper Gutman9 hours ago

Come on... she didn't do that without being quite sure what the outcome would be.

SteveAZee11 hours ago

She's good.

"El Magnifico"11 hours ago

I heard it was gonna be the Harmonius Grand Finale. He walks out through the Stargate.

MisterPenguin12 hours ago

McCarthy did what people wanted every underling to do in the face of bad leadership... Instead of being just a yes person, she went to the Board and threatened to quit unless they fired Chapek. So, how's that for action?

Trauma12 hours ago

Yeah they all say the things people want to hear. I only care about what they do.

Tony the Tigger12 hours ago

Then they’re likely not trying to get you back.