Disney's animated film 'Strange World' starring Jake Gyllenhaal, Dennis Quaid and Lucy Liu, tanked over the Thanksgiving holiday weekend at the box office.
The company's board announced Iger's shocking return Sunday night and said Bob Chapek, who succeeded Iger in 2020, had stepped down from the position."The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the Company through this pivotal period," board Chair Susan Arnold said in a statement.
The plummeting box office results of Disney’s"Strange World" comes on the heels of the announcement of Bob Iger returning as chief executive of the Walt Disney Company after less than a year in retirement. Meanwhile, "Strange World" is considered to rank poorly compared to other Disney animated films, such as the popular family film "Encanto."
The company's board announced Iger's shocking return and said Bob Chapek, who succeeded Iger in 2020, had stepped down from the position.
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