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Bob Chapek Criticizes Bob Iger's ESPN Strategy

Former Disney CEO Bob Chapek voices opposition to Bob Iger's plan for adding minority partners to ESPN, marking his first public comments since his 2022 dismissal.

Overview

  • Bob Chapek, ousted as Disney CEO in 2022, publicly criticizes successor Bob Iger's strategy of potentially adding minority partners to ESPN.
  • Chapek argues that adding another minority partner to ESPN offers no strategic benefit and could be a move to generate cash for other Disney commitments.
  • Disney currently owns 80% of ESPN, with the remaining 20% held by Hearst Communications. Iger's plan may involve selling more of ESPN to strengthen direct-to-consumer ties.
  • Chapek envisions ESPN as a centralized hub for sports broadcasting, contrasting with Iger's approach.
  • The public dispute highlights differing visions for the future of ESPN amid the transition from cable to streaming.