Disney's parks division is driving big profits, a bright spot as the streaming biz struggles and ESPN's future is unclear. Here's how that could factor into Bob Iger's succession plans.
in his capacity as executive chairman. Chapek also alienated some Hollywood creatives while presiding over a bruising imbroglio tied to the company's response to DeSantis' so-called"Don't Say Gay" legislation.
Despite the misfires under Chapek, the company might still look closely at personnel within the division again as Iger and the board evaluate succession plans. An earlier parks chief, Tom Staggs, had previously been positioned to take over for Iger — ultimately, unsuccessfully — before Chapek's anointment.
"From a financial point of view, I would think that the parks wield a fair amount of power internally, just because it's really helping right now prop up the overall profitability of the business while there's challenges in some of the other parts," Heger said. "I have to think, if you've got the division that's the biggest moneymaker right now," he added,"that would give you a fairly strong voice within the organization.
Disney has hiked ticket prices at its parks in recent years, angering some customers, but the summer travel season has seen the introduction of some lower-cost tickets — at least at Disneyland, theAnd in Orlando, Florida, parks at the sprawling Walt Disney World Resort are also confronting a contentious political climate thanks to a high-profile spat with DeSantis, which began in the Chapek era with a dispute over the state's so-called"Don't Say Gay" legislation and has since...
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