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On top of the stock woes, Disney CEO Bob Chapek has become a punching bag for cultural critics.
But because of the companys initial wishy-washiness, the CEO seems to have gotten zero credit.
that a nice guy like Rice would be treated so shabbily.
But streaming is now the heart and soul of Disney and most other big media companies.
He wasnt fired for cause; he didnt do anything wrong.
Ask the dozen-plusvery talented execsat WarnerMedia Discovery whove beenshown the exitsin recent weeks following the companys merger with Discovery.
(Disney will likely have to pay Rice the full value of his contract.)
Thats because Rice has been replaced by his longtime No.
2, respected industry vet Dana Walden.
The exec also led the charge to get the Kardashians to set up their post-E!
project at Hulu, resulting in the streamers biggest unscripted-series launch ever.
While all those divisions make critically important content, they also wont require Waldens day-to-day attention.
The truly new challenge Walden will face in her new role is overseeing ABC News.
All three seemed to have handled the additional oversight just fine.
Disney shareholders certainly arent loving the sagging stock.
And now she is calling all the shots.
Starting next spring, that means millions of Indian Disney+ customers might decide to cancel their subscriptions.
And 91 percent of Indian sports enthusiasts, or 124.2 million souls, are cricket fans.
There is another side to this equation, however.
Its not like we see that business evaporating if we dont get it.
Plus, he noted, It would indicate a focus on financial discipline and return on capital.
