Bob Iger, with pressure mounting on multiple fronts, has turned to former top Disney executives Tom Staggs and Kevin Mayer, hiring them as consultants to the media giant as it defines its strategy.
The two will take a hard look at ESPN, said a person familiar with the situation. Given their years of experience both in and outside of Disney, it seems likely they’d’ weigh in across other areas of the company.
The two are now co-CEOs of Candle Media, a company they founded in 2021 with backing from the Blackstone Group. A Candle spokesperson declined comment.
A Disney rep wasn’t immediately available. The news comes after Iger dropped a bombshell interview with CNBC where, among other things, he said linear television “may not be core” to Disney’s business.
Read more on deadline.com