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Florida Governor Ron DeSantis publicly criticized Disney over its stance against the bill, which he signed in March. That sounds far-fetched to me Rice really doesnt have the broad Disney experience needed to run the company but nobody ever went broke betting on pettiness and insecurity as motivating factors in Hollywood. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. I am committed to this work and to you all, and will continue to engage with the LGBTQ+ community so that I can become a better ally. Theres bad PR, and theres bad business, Bryan Sullivan, a partner at Early Sullivan Wright Gizer & McRae who focuses on entertainment and investment, told TheWrap. Its 100% a self-inflicted wound, one former top Disney executive previously told TheWrap. But when questioned about letting her go, Disney CEO Bob Chapek maintained the company is apolitical. Iger has returned to his role as Disney CEO, replacing Chapek. It is clear that this is not just an issue about a bill in Florida, but instead yet another challenge to basic human rights. Last year, it announced plans to move more of its southern California-based workforce to the state, which had offered generous tax breaks for the job relocations. Eisner was voted off back in the day and resigned as CEO shortly after. That was Walden. You needed me to be a stronger ally in the fight for equal rights and I let you down. Ron DeSantis Neutrality helps the oppressor, never the victim. Probably worries its going to effect how much money he will make. During the Disney shareholders meeting, Chapek stated the companys opposition to the legislation for the first time. The AIDS Healthcare Foundation held two demonstrations in both Florida and California against the bill and called on the Big Mouse to speak up. Instead, according tomultiple published reportsand insiders Ive spoken with this week,Chapek simply didnt think Rice was enough of a team playeror the right fit for where Chapek was taking the company. On Monday, Mr. Chapek said corporate statements against such legislation were counterproductive, and that his companys inclusive programming was the best tool it had in combating discrimination. Black Teenager Shot in Kansas City, Missouri. However, he says the state will likely see court battles challenging the constitutionality of this piece of legislation. A personal, guided tour to the best scoops and stories every day in The Wall Street Journal. He then rose to the position of Chairman of Walt Disney Parks and Resorts on 23rd February 2015. (The stock closed Monday at $138.72. Christina Pushaw, DeSantis spokesperson, tweeted a response to the letter, saying Disney should not have said anything about the bill. Youd have thought nobody in the town had ever been fired without just cause or that somehow top execs putting their own stamps on their leadership teams was some novel development. Since then, though, its been all downhill: Like Netflix,Disney has seen its stock price tank this spring(albeit somewhat less dramatically), prompting doom-and-gloom headlines about why the magic is gone and how the company is scrambling to find a new story to tell investors. Bob Chapek And today, we are pausing all political donations in the state of Florida pending this review. https://t.co/VLioyKGW25. Mr. DeSantiss national profile has risen in part thanks to conservative legislation like the Parental Rights in Education bill, which LGBTQ activists have said will cause harm to children struggling with their sexual and gender identity by cutting off support from teachers and encouraging teachers to out gay students to their parents. But because of the companys initial wishy-washiness, the CEO seems to have gotten zero credit. While Chapeks PR missteps may earn him anywhere from a C- down to an F grade, industry observers say Chapek also earns an A (or at least a B+) for growing the companys streaming service Disney+ to an impressive 130 million subscribers worldwide since its November 2019 launch. After closing near $160 per share in mid-February, Disney stock has been on a steady slide along with the rest of the market and is now hovering around $95 per share. Between May 18, 2019 and March 30, 2021, records show Disney donated $106,809.38 to Friends of Ron DeSantis, the governors Political Action Committee, according to the Florida Division of Elections. Dana Walden is someone who knows how mass-market shows get developed, produced, and marketed better than anybody else at Disney, and probably as well or better than anyone else in TV land. Chapek however ended McCarthy used his speech in NYC to slam President Joe Biden for doing "nothing" to address the nation's financial crisis. Wow! This Dont Say Gay bill isnt the first time Chapek has stumbled when it comes to relationships with Disney partners. Even if you look hard, you wont find a lot of folks in Hollywood applauding Disney CEO Bob Chapeks public relations skills right now. I agree. Chapek's relatively brief tenure has brought controversy, most notably regarding his opposition to Florida's Parental Rights in Education bill. Its a shocking development at Hollywoods biggest company. The most gripping TV drama of the year is happening behind closed doors. Its a much less sensational story than whats been written, but I thinkBob simply didnt like working with Peter.. But even if Chapek has done a bad job in some areas, I think describing his actions last week as yet another disaster or blunder is just flat-out wrong. Mr. DeSantis, speaking to supporters on Thursday, criticized Disney one day after Mr. Chapek said he had plans to meet with the governor and discuss the legislation. Image Source: The Walt Disney Company One thing led to another as the night progressed, a source said of their kiss. Its latest streaming feature is hear for you. This past week, however, he met a workforce that, like many in the U.S., expects public stances from its leaders. The Lisa Vanderpump District is alive and well. This past week offered the sharpest contrast yet between the two men. You\'ll receive the next newsletter in your inbox. What has gotten lost is that Walden is the exec most TV industry insiders would likely credit with Disneys triumphs. If youre a shareholder, please vote Chapek off the board by tomorrow. Finally, last week, Chapeks completelyunexpected decision tosummarily dismissDisney General Entertainment chief Peter Rice sent writers at the Tinseltown trades (and upstart industry newsletters) rushing for their respective fainting couches over the horror the absolutehorror! Chapek, Disney and politics In response to Floridas Dont Say Gay bill, which would ban educators from discussions about sexual orientation and gender identity Chapek apologized earlier this month for not coming out more forcefully and publicly against the bill, saying Disney officials had been working behind the scenes to stop it. I missed the mark in this case but am an ally you can count onand I will be an outspoken champion for the protections, visibility, and opportunity you deserve. According to Latondra Newton (pictured above), Disneys Chief Diversity Officer, Chapek will participate in a March 22 conversation with LGBTQ leaders at the Walt Disney Company. Thank you to all who have reached out to me sharing your pain, frustration and sadness over the companys response to the Florida Dont Say Gay bill. Chapek on Friday pledged to increase Disneys support for LGBTQ+ advocacy groups as he said he strives to be a better ally to the community, and promised more news of the companys progress to that effect in the coming weeks., I truly believe we are an infinitely better and stronger company because of our LGBTQ+ community, Chapek said. Political Campaign Contributions. High School. In his message on Friday, Chapek appeared to speak directly to a common refrain from the employee statements, namely incredulity that Disney would continue to support Florida legislatures who voted in favor of the Dont Say Gay bill. He didnt do anything anything wrong. The chances of that are zero, Mr. DeSantis said. It is the job of the parents to discuss this. After weeks of internal strife and external controversy surrounding the Walt Disney Companys lack of public response to the Dont Say Gay legislation in Florida, Given Walden has been carrying so much of the load at Disney TV already, theres a logic to simply making her the main person in charge of the entire operation particularly since her new role wont necessarily addthatmuch more to her plate. He even signed Rice to a new deal last fall, clearly indicating he wasnt simply looking to make a change just to make a change. 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Fact is, it seems unlikely Walden has any interest in meddling with the day-to-day at ABC News or implementing dramatic changes to a part of the company thats actually been doing very well in recent years. The stockholder, speaking during the Q&A portion of Disneys annual shareholder meeting, noted that co-stars Pedro Pascal and Gina Carano both controversially referenced Nazi Germany in social media comments but only she was removed. Our employees see the power of this great company as an opportunity to do good. Chapek took on the role of CEO back in February of 2020 from Bob Iger, right before the entire world shut down due to the COVID-19 pandemic. Some believe that refusing to say anything about a bill impacting many Florida-based employees could also be taken as a political statement and the companys subsequent efforts to bolster inclusion may seem hollow. Parents are parents. This site is protected by reCAPTCHA and the Google He graduated from Indiana University Bloomington with a Bachelor of Science in microbiology and from Michigan State University with a Master of Business Administration. Theoretically, this should have made Chapek lookgoodin Hollywood since the Disney boss did the right thing by denouncing a homophobic law. While Disney took a regrettable stance by choosing to stay silent amid political attacks against LGBTQ+ families in Florida including hardworking families employed by Disney today they took a step in the right direction. Another thing Disney and Netflix have in common is theyre both increasingly reliant on markets outside of North America and Europe to drive subscriber growth. 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