), Eric Schiffer, CEO of The Patriarch Organization, a private equity and venture capital firm, said he would give Chapek an A- for business performance, and a C- for nourishing personal relationships with Hollywood talent. You needed me to be a stronger ally in the fight for equal rights and I let you down. Here is the full text of Chapeks Friday email: To my fellow colleagues, but especially our LGBTQ+ community. This caused #FireGinaCarano to trend and eventually, she was. Chapek also pledged to commit Disney to radical LGBTQ activism, including putting transgenderism in childrens "It is with an incredible sense of gratitude and humilityand, I must admit, a bit of amazementthat I write to you this evening with the news that I am returned to The Walt Disney Company as Chief Executive Officer," Iger said. Since Walden, by contrast, has been toiling away in the small-screen salt mines for upwards of three decades, dating back to her days as a PR rep forStar Trek: The Next Generation,Arsenio Hall (really! This Dont Say Gay bill isnt the first time Chapek has stumbled when it comes to relationships with Disney partners. Ron DeSantis desk, sent there by Florida lawmakers after finding approval in the state House and Senate. This site is protected by reCAPTCHA and the Google READ MORE: Ruby Rose Bio, Age, Nationality, Height, Parents, Father, Married, phoebe dahl, Net Worth, Films. 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. I think this is the first time I agree with Chapek. November 21, 2022 by Mary. His stance was made known following criticism over Disney's initial silence on the matter. Image Source: The Walt Disney Company The Florida bill, which prohibits discussion of sexual orientation and gender identity in certain grade levels at schools, has become a national flashpoint as opponents across the country and Mr. Chapeks own employees called on Disney to speak out against it. 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. 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. (The stock closed Monday at $138.72. Mr. Chapeks challenge doesnt appear to be over soon, especially as lawmakers in other states mount bills modeled after Floridas. 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. Not the schools. Disneys CEO, Mr. Chapek is 61 years old as of 2021. But, I know there is so much more work to be done. Carano last month raised the issue of a double standard in an interview with conservative commentator Ben Shapiro, noting that Pascal was not fired for a 2018 tweet comparing undocumented children in cages in the U.S. to Jews in concentration camps. Apparently, he seems secretive concerning his actual salary, which he has not disclosed to the public yet. I am sorry. Bob Chapek, Disneys chief executive, addressed criticism about the companys silence on anti-L.G.B.T.Q. The bills sponsors have defended it as a way of letting families deal with childrens issues rather than teachers. Not happening.Disney shouldnt have said anything. The disgust with Chapek was not just low-level grumbling, but reached into Hollywood executive offices as well. Anda big reason so many Indian viewers have signed up for Disney+ is because the platform there, which is marketed as Disney+Hotstar, includes streaming coverage of the Indian Premier League cricket or at least it did. Chapek keeps his politics more private than Iger, the democrat-turned-independent that preceded him as CEO. The Highs, Lows, and Whoas of Coachella 2023. The AIDS Healthcare Foundation held two demonstrations in both Florida and California against the bill and called on the Big Mouse to speak up. As Crupi notes,Disney makes a mere 76 cents in average revenue per subscriber from Disney+Hotstar, which is just 12 percent of the $6.32 ARPU generated via the D+ customers in North America, which is why Chapek was able to pre-spin a possible loss of IPL during the last Disney earnings call. 2023 Deadline Hollywood, LLC. ', Copyright 2023 Dow Jones & Company, Inc. 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He went on: "When I look at the creative success of our teams across our Studios, Disney General Entertainment, ESPN and International, the rapid growth of our streaming services, the phenomenal reimagining and rebound of our Parks, the continued great work of ABC News, and so many other achievements across our businesses, I am in awe of your accomplishments and I am excited to embark with you on many new endeavors. The final show airs April 27 along with a preshow special. Future Of TV Public-Private Initiative Unveiled By FCC Chief Jessica Rosenworcel At NAB Show, A New Prison Near Walt Disney World? You needed me to be a stronger ally in the fight for equal rights and I let you down. Robert Iger, However, his too-little-too late words of regret did little to quell the anger, which continued with employee protests and walkouts at Disney headquarters in Burbank. We Know a Little Bit More About Netflixs Advertising Plan. While speaking to employees shortly after taking the helm from fired CEO Bob Chapek, two-thirds of employees surveyed said they feared expressing their political or religious views at work. 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. At some point in the future, he will need to be bolder as consumer tastes, competition, technology, politics, and the economy shift, Offenberg said. On November 11, days before his sudden departure was announced, Chapek said there would be a freeze on hiring, with layoffs likely to follow, amid a dip in revenue, according to The Hollywood Reporter. When he first joined the company in 1993, he worked in the unit. Ron DeSantis But it should be noted that Rice didnt have a TV news background whenhetook control of ABC News, nor did CBS CEO George Cheeks or NBCUniversal boss Jeff Shell. When human lives are endangered, when human dignity is in jeopardy, national borders and sensitivities become irrelevant. During annual shareholder call, CEO Bob Chapek maintains the media giant isnt left leaning or right leaning, but instead stands for the universal values of respect, Notably, Iger made no mention of Chapek in his statement, though he did assure employees that he would have more to share on Monday. I never thought Id say this but I actually agree with Chapeks stance here. Yes, we need to use our influence to promote that good by telling inclusive stories, but also by standing up for the rights of all. Disney comes out against Gov. ), and what eventually became the Fox Broadcasting Corp. And her connectionsto showrunners such as Liz Meriwether (The Dropout), Danny Strong (Dopesick), and Lee Daniels (The Wonder Years) have led to some of Disney TVs biggest successes of late. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. In the entertainment industry, internal memos tend to become external very quickly and such was the case with Chapeks March 7 missive following a meeting with members of Disneys LGBTQ community, in which the executive said Disney didnt publicly condemn Floridas Dont Say Gay bill because such corporate statements are often weaponized by one side or the other to further divide and inflame.. He just wasnt doing the job the way his boss wanted it to be done. However, Morrell reports that Chapek rejects taking political stances because he is determined that Disney remains a place where everyone is treated with dignity and respect.. (Disney will likely have to pay Rice the full value of his contract.) It prohibits discussing sexuality and gender in classrooms and allows parents to sue individual teachers if they believe a teacher has violated the law. The company's market cap rose to $260 billion in January 2020, but it dipped to $167 billion this past Friday. But streaming is now the heart and soul of Disney and most other big media companies. I'm with the President on this! We want to hear from you! A Disney insider on Peter Rice's surprise termination. In a fundraising email Thursday, DeSantis said the bill sensibly prohibits K-3rd graders from being indoctrinated with transgenderism and R-rated lessons about sexuality., At a rally in Boca Raton on Thursday, DeSantis criticized Chapeks outspoken disappointment over the bill, accusing Disney of succumbing to phony hysteria and calling the company woke.. Is Nicki Minaj Attending King Charles IIIs Coronation? But by Feb. 25, 2021, even as the pre-vaccine pandemic raged on, the stock price had jumped to $198, largely due to new subscribers to Disney+. 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. 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. Its not like we see that business evaporating if we dont get it., Note that Chapek saidbusiness: Because Disney doesnt make a ton of cash from its Indian customers, it also wont lose that much revenue if they disappear. Its latest streaming feature is hear for you. Ron DeSantis (R) earlier this year over the states anti-grooming law, vowing to fight to get the law repealed. 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