Disney CEO Bob Chapek’s First Year Report Card: High Marks for Not ‘Steering it Off a Cliff’

”Nobody knew that the whole universe of entertainment, and business, in general, would literally be turned upside down,“ one industry analyst says

Bob Chapek just finished his first year as CEO of entertainment giant Walt Disney Co. — and is getting mostly high marks for leading L.A.’s biggest public company through a global pandemic without, as one analyst put it, “steering it off a cliff.”

“It was the calm before the storm, literally, when Mr. Chapek took over this role,” Comscore senior media analyst Paul Dergarabedian said of Chapek, who replaced Bob Iger as CEO on Feb. 25, 2020, just weeks before COVID-19 upended the world and the entertainment and tourism sectors that drive Disney’s revenues. “The stage was set for success, but nobody knew that the whole universe of entertainment, and business in general, would literally be turned upside down.”

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Diane Haithman

Senior Entertainment Business Reporter • diane@thewrap.com • @dhaithman