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Whether Disney CEO Bob Chapek had considered this before multiple shareholders pressed him about this bill this week during Disneys annual investors call isnt clear. In a second memo to Disney workers, Chapek said Disney was suspending all political donations in Florida. The streaming service launched in November. "I didn't do the deal myself, but it was singular in terms of the pursuit one on one in some cases being as candid as I possibly could be, and I think as authentic as I could be, and developing a relationship, even if it was developed over a relatively brief period of time.". Disney has given about $55 million to Republicans, Democrats and political committees in the state over the past 28 years, including about $5 million in 2020 and more than $2 million so far in 2022, state records show. The task force will develop strategy and action plans to engage with LGBTQ+ employees, community partners and content creators. "Bob [Chapek] is going to address them probably differently perhaps than I may have. Sign up for free newsletters and get more CNBC delivered to your inbox. Mutual Fund and ETF data provided by Refinitiv Lipper. Disney acquired the majority of Fox's assets in 2019. He lied and supported the victimization of children. "I obviously have huge shoes to fill," Chapek told CNBC's Julia Boorstin on "Closing Bell" Tuesday. A source familiar with the situation told The Hollywood Reporter that HRC is still in active discussions with Disney around Chapeks initial financial pledge as well as the companys ongoing action around state legislation. The tech companies and entertainment companies here who have an influential presence across the country and around the world have an important role to play in fighting state-sanctioned discrimination wherever it exists., Madison said the country is at a tipping point, similar to the 2016 HB2 anti-trans bathroom legislation, or the Public Facilities Privacy & Security Act, in North Carolina and pointed to how companies that refused to expand business in the state, they pulled out of conferences, they canceled events impacted the fate of that bill. Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in. "Once we did the deal, in fact, in the months before he died he came to he and his wife, Laurene, came to our house. Ray Keating, an economist and editor of DisneyBizJournal.com, said when companies dive into politics, it rarely turns out and well. Iger decided to remain as chairman for nearly the past two years after giving up his CEO role to Chapek in February 2020. But that's neither good nor bad. A Disney shareholder is speaking out against the company's involvement in Florida politics by actively opposing the Republican-led "Parental Rights in Education" bill championed by Republican Gov. 2023 FOX News Network, LLC. Disney is still evil and still pushing CRT. DeSantis signs bill placing Disney district u Canadian teacher with size-Z prosthetic breasts placed on paid leave, Buster Murdaugh got 'very drunk' with dad 2 months after mom, brother murdered: source, What's next for Buster Murdaugh after dad's murder conviction, life sentence, Prince Harry was scared to lose Meghan Markle after fight that led to therapy, Prince Harry says psychedelics are fundamental part of his life, Inside Scheana Shay, Raquel Leviss heated confrontation about Tom Sandoval affair, Tom Sizemore And The Dangerous Burden of Desperation, Tom Sandoval, Raquel Leviss planned to tell Ariana Madix about affair. Former Disney CEO Bob Chapek last year complained to Florida Gov. Read More. Its gut-check time for every CEO and company [in] America. If Disney had merely maintained the status quo, a multi-coastal business operation, none of these headlines would dominate the media. Meet a Disney Cast Member Advocating for Accessible Technology, Where Was Grogu During The Sequel Trilogy? Chapek has a career as an American media executive. Employees were walking out in protest and ranting to the media. In addition to pledging to enlist an outside adviser to guide the companys efforts, Chapek also is creating a companywide task force led by studios SVP Global Communications Paul Roeder and Disney Parks marketing executive Lisa Becket. Everyone was attacking Governor DeSantis with bald-faced lies, and he was the one who stood for what he believed. This priority caused him to lose sight of the challenges in working with Hollywood talents. ABC Newsrecently suspended veteran Washington correspondent David Wright for remarks he made that were captured on video byProject Veritas. The Florida bill hasnt factored into investors views as of yet, though the companys stock has been languishing near a 52-week low. Former Disney CEO Bob Chapek privately complained to Florida Gov. The event concluded with a fireside chat from Nadine Smith of Equality Florida and Latondra Newton, Disneys Chief Diversity Officer. TV. Home; Video; Trump Investigations; Right Wing Extremism; Opinion; Impeachment; Corruption; Foreign Policy; Disney has *deep breath* eliminated Magical Express, exchanged free FastPasses for paid Lightning Lane experiences, required Park Passes, temporarily removed the dining plan and most annual passes, and raised many food/drink prices. I can assure you of that. Chapek learned a harsh lesson that potential political allies behind closed doors are all too happy to attack Disney in the media for personal gain. You can look at the comments section for any Disney discussion, and its an inevitable statement from some. He also played a key role in the commercialization of the studio's film business. In truth, the only decision I believe Disney shouldnt have made is the removal of Magical Express. DeSantis retaliated by signaling publicly that he would be willing to re-evaluate Disneys special tax district, called Reedy Creek, and favorable corporate agreements due to its insistence on woke political activism. Feature Image: Marc Piasecki/Getty Images, Tags: Bob ChapekBob IgerChapekDisneyLake NonaThe Walt Disney Company. Disney Chairman Bob Iger is leaving the company at the end of the month. According to one attendee, Chapek conceded that Disneys silence wasnt just about Florida. ", Nothing in the Florida legislation itself mentions the word gay. Disney hasnt brought back all its union-based performers yet, although it has taken recent steps to do so. Then, it required many Golden State employees to switch coasts. All Rights Reserved. FLORIDIOT: DeSantis Disney lackey thinks tap water makes you gay. All Rights Reserved. All Rights Reserved. Its bad for business and even worse for the Disney brand. 2023 NYP Holdings, Inc. All Rights Reserved, 2024 frontrunner: Trump wins CPAC straw poll in a landslide, Ron DeSantis skips CPAC as organization faces scandals, Florida bill would require bloggers writing about DeSantis to share pay info, DeSantis rips other GOPers for acting like potted plants in face of woke ideology fight: report, Chapek, who had stayed silent on the bill, re-evaluate Disneys special tax district, called Reedy Creek, signing a law to strip Disney World of its Reedy Creek control on Monday. Disney Chairman and former CEO Bob Iger told CNBC he began thinking about stepping down as chief executive after feeling he was becoming too dismissive of other people's opinions. Disney CEO Bob Chapek admitted at Disneys 2022 Annual Meeting of Shareholders that he had been actively opposing the bill through back channels despite previously sending out an email to his employees claiming the company would not be taking a stance on the bill. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. It fit into the larger corporate campaign known as Reimagine Tomorrow, which aims to emphasize Disneys commitment to diversity and inclusion. Chapek has been overseeing the company's parks, experiences and products division since those divisions were combined in 2018. Ron DeSantis, who accused the company of being woke a day earlier for opposing the bill. A 27-year veteran of the Walt Disney Company, Chapek, 60, has a proven track record with consumers having been instrumental in the growth of the company's parks, consumer products and studio film businesses. Asked if the Florida GOP wanted to comment about Disneys decision to pull contributions, Helen Aguirre Ferre, executive director of the party, wrote in an email: There is no world in which Gov. Data is a real-time snapshot *Data is delayed at least 15 minutes. But Chapek stayed positive and dismissed the other criticism, saying ABC News has a stellar track record of being objective and reporting the news and will continue to do so in the future., ABC NEW SUSPENDS MATT GUTMAN FOR FALSELY REPORTING ALL OF KOBE BRYANT'S CHILDREN WERE ON DOOMED HELICOPTER, "Meet the new boss, same as the old boss," Danhof told Fox News following the meeting, referencing a famous The Who lyric. He then transitioned to the company's consumer products team in 2011 as president of Disney consumer products. Ron DeSantis said that ex-Disney CEO Bob Chapek complained to him about the pressure he was under from the left [WOKEs] to join in on the Governors new education bill restricting gender identity lessons, PK-3. For all other types of cookies we need your permission. Chapek's promotion comes at a time when Disney is facing challenges from the global coronavirus outbreak. Many of the calls This material may not be published, broadcast, rewritten, or redistributed. Send us a tip using our annonymous form. Chapek was replaced by longtime CEO Bob Iger in late 2022. Bill Mahers Real Time Questions The Paths Taken By Disney, TLC, A&E & History Channel. All Rights Reserved. Keating, who has written about how Disney's activism is bad for business, said Disney's decisions on the Florida bill has meant the company is catching heat from both sides of the political spectrum. New York CNN . Florida Gov. As the controversy over the Parental Rights in Education bill was coming to a head, Chapek called me, DeSantis writes, he did not want Disney to get involved, but he was getting a lot of pressure to weigh in against the bill.. The original town hall event was announced on March 2, and then on Friday was moved to today so people could attend Tuesdays walkout if they so chose. The Shanghai and Hong Kong Disney parks have been shuttered until the outbreak can be contained and there are concerns from analysts that upcoming Disney film releases like "Mulan" could be disrupted because cinemas are currently closed in China. Were all familiar with the maxim that the sum is greater than the parts. He stepped down last year as CEO, succeeded by Bob Chapek, but has stayed on as chairman through the coronavirus pandemic. Many of the workers who have agreed to go to Florida remain in California for the time being. In "The Courage to Be Free," the governor describes a conversation with former CEO Bob Chapek about Disney's political activities. DeSantis published the conversation with Chapek in his memoir, The Courage to be Free: Floridas Blueprint for American Revival, shared with Fox News Digital. Bob Chapek at the Pinocchio premiere in December 2022. I consent to the use of following cookies: Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. Period. I think my role is not to take the strategic pillars he's so well established over the last 15 years and continue to work on those and implement those in the marketplace, most importantly our direct-to-consumer initiatives, but at the same time look around the corner for what disruption might be going on in the marketplace that would necessitate a fresh look at those things.". According to Fox News, in his book, The Courage to Be Free: Floridas Blueprint for American Revival,which will be released Tuesday, DeSantis recounts a private conversation he had last year with Chapek, who had stayed silent on the bill. "If I werent a shareholder, Id find it amusing. The Parental Rights in Education bill has passed the Florida Legislature and awaits the signature of Gov. Even so, Disney has strengthened the belief that its park price increases are out of control. News of the postponement came as Disney CEO Bob Chapek conducted a town hall meeting for all employeesMonday. Shares of the company fell less than 2% in extending trading Tuesday. Disney CEO Bob Chapek now claims he wants the company to be everything for everyone after he caved to the woke mob and fought the anti-grooming law in Florida. At first, Chapek tried to remain on the sidelines, but LGBTQ employees and advocates pressured the exec to take a stand last March, asserting that the bill was a human rights issue. At this point, I felt confident he knew what he was doing because that was the right move. The thought process here stems from the high cost of real estate in California relative to Florida. Chapek wrapped up the session and thanked all of the participants. Theyve invested millions of dollars in donations to political parties and more over the last 25 years, theyve given in-kind donations (like tickets to the parks and hotel stays) to political parties, and theyve hired lobbyists. People are questioning DeSantiss comments. In that role, he reorganized the business to cut costs and oversaw a number of popular toy crazes from franchises like "Frozen.". The Democrat Party was visibly angry, and the media spread lies about the bill being a Dont Say Gay bill. Californias governor has similarly stated his desire to keep Disney on the West Coast in a place that actually represents the values of your workers.. Iger, 70, is leaving Disney after running the company from 2005 to 2020. While Chapek said he spoke with DeSantis by phone and would meet with him, DeSantis spokeswoman Christina Pushaw said Thursday no in-person meeting had been scheduled. All rights reserved. Bob Chapek was tapped on Tuesday to succeed long-time Disney CEO Bob Iger. John Oliver Calls Bob Chapeks Explanation For Disney Donations To Dont Say Gay Politicians Actively Insulting. Data is a real-time snapshot *Data is delayed at least 15 minutes. "His history in all the divisions that really matter really is very supportive of him taking on that role. Republicans argued the bill protects parental rights, while Democrats and LGBTQ groups contend it was intentionally vague and could have a chilling effect on teachers and students. Chapeks statement comes after a week of criticism from fans and employees about his delayed reaction to the bill, which he opposed only after it passed both houses of the Legislature and was sent to DeSantis for his signature. Bob Iger, the former Disney CEO whose decades-long tenure at the company ended in December, tweeted his opposition to the legislation weeks ago. Ron DeSantis. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. You've successfully subscribed to this newsletter! New York CNN . DeSantis wrotethat Chapek and Disney ultimately caved to leftist media and activist pressure and pressed the false narrative against the bill.. October 26, 2021 at 5:36 People that do something very wrong then make excuses are evil. Additionally, the outbreak continues to threaten the global economy and worldwide travel. (Getty Images. Pushaw did not immediately return a request for comment Friday. Iger planned to run for POTUS at one point. It wasn't the reason I left, but it was a contributing factor.". Photo Credit: AP Photo/Richard Drew, File. Behind the scenes, I was not, as a father of children ages five, four, and two, comfortable with the continuation of Disneys special arrangement, DeSantis wrote in his memoir. this site provides a list of businesses that are too woke and could cancel a client or a contract just for ones opinions on LGBTQ or race or something like that. Signup for Breaking News Alerts & Newsletters. I was glad to speak to Bob yesterday afternoon, and we had a very productive conversation about the need for Disney to put real muscle into stopping whats happening to their employees and to their fans.. We want to hear from you! 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