October 4, 2022
Did Disney+ Battles Lead to Disney Executive Shakeup?

Disney has fired Peter Rice, its most senior television content executive, according to a report from CNBC. He will reportedly by succeeded by Dana Walden, Rice’s top lieutenant.

Rice started working at Disney  (DIS) – Get The Walt Disney Company Report in 2019, the same year the company launched it’s massively popular Disney+ streaming service, and the year it finalized its deal to purchase 21st Century Fox.

According to CNBC, Rice was told he wasn’t a cultural fit at Disney. For example, he often clashed with former Disney head of streaming Kevin Mayer over who got to green light shows for Disney+. 

But while Rice is gone, Disney’s Board has indicated that it is sticking by Disney CEO Bob Chapek, who probably appreciates the support after the year he’s been having. 

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