‘Blindsided': Inside Peter Rice’s Sudden Ouster From Disney and Bob Chapek’s Bold Power Play

The Disney CEO cements his position by removing a potential competitor for his job – with his contract up in nine months

Disney’s TV chief Peter Rice was called into CEO Bob Chapek’s office in Burbank, Calif., on Wednesday to get the brutal news: He was out. No reason was given. It wasn’t “personal,” he was told, according to an individual with knowledge of the conversation. Chapek just wanted a change. And that change is being seen as a move to fortify the embattled CEO’s position.

Rice wasn’t the only one surprised by Chapek’s decision. “Blindsided” was a word heard frequently from executives around Hollywood on Thursday as the bombshell news raced through executive suites and set iPhones ablaze.

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Brandon Katz

Brandon Katz is TheWrap's Senior TV Reporter. He has served as a reporter, commentator and contributor at several publications, including Morning Brew, Observer, and Forbes. He has a BA in Electronic Journalism from GMU. Follow him on Twitter: @Great_Katzby

Sharon Waxman

Sharon Waxman, is the founder, CEO and Editor in Chief of TheWrap. She is an award-winning journalist and best-selling author, and was a Hollywood correspondent for The New York Times. Twitter: @sharonwaxman