Many Disney employees woke up this morning trying to make sense of a surreal Sunday night that some say felt like a dream. The Hollywood spectacle couldn’t have been scripted any better.
As top Disney executives were filing into the Dodger Stadium hospitality tent for Elton John’s final North American concert, which streamed live on Disney+, news broke of Bob Iger replacing Bob Chapek as Disney CEO.
The jaw-dropping move sent Disney shares soaring and industry tongues wagging, but it also raises some thorny questions for the media giant despite the familiar hand taking the controls.
Chapek was expected to be at the Elton John concert, sources said, but canceled his appearance by midday Sunday. His top lieutenant, Kareem Daniel, Chairman of Disney Media and Entertainment Distribution, went to the stadium but left before the concert started as people around him were reacting to the bombshell announcement, we hear.Read more on deadline.com