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Potential Fox deal sees James Murdoch cast as contender to Disney throne
POSTED 06 Dec 2017 . BY Tom Anstey
Fox boss James Murdoch has emerged as a contender to become the new CEO of Disney, following reports last week that Bob Chapek was the man to take the organisation forward.

Disney is reportedly in negotiations for a US$60bn (€50.7bn, £44.8bn) takeover of Fox, with the company looking to acquire Fox’s movie studio, cable channels and international units – Sky and Star India.

Should that deal go through, The Financial Times reports that British-born businessman James Murdoch, the CEO of Fox and son of media tycoon Rupert, could take the reins at Disney when Bob Iger departs in 2019.

The Fox deal would have a significant impact on the theme park world, with Comcast – the parent company of Universal Studios' owner NBC Universal – also assessing a bid, as is Verizon.

Should the Fox deal not go through, Bob Chapek – a Disney veteran of more than 20 years – would still be the likely successor to Bob Iger, according to Bloomberg.

Disney has struggled to find a suitable successor following the departure of heir apparent Thomas Staggs in April 2016. Iger extended his tenure at Disney until 2 July 2019, saying at the time that he would be working with the company’s board to “to identify a successor as CEO and ensure a successful transition”.

The incoming chief executive will be leading from a position of strength, with Disney’s recent earnings report showing growth for the fiscal year. The company’s Parks and Resorts division performed strongly, with revenues increasing eight per cent year-on-year to US$18.4bn (€15.8bn, £14bn), while profits were up 14 per cent to US$3.8bn (€3.3bn, £2.9bn).
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NEWS
Potential Fox deal sees James Murdoch cast as contender to Disney throne
POSTED 06 Dec 2017 . BY Tom Anstey
Fox boss James Murdoch has emerged as a contender to become the new CEO of Disney, following reports last week that Bob Chapek was the man to take the organisation forward.

Disney is reportedly in negotiations for a US$60bn (€50.7bn, £44.8bn) takeover of Fox, with the company looking to acquire Fox’s movie studio, cable channels and international units – Sky and Star India.

Should that deal go through, The Financial Times reports that British-born businessman James Murdoch, the CEO of Fox and son of media tycoon Rupert, could take the reins at Disney when Bob Iger departs in 2019.

The Fox deal would have a significant impact on the theme park world, with Comcast – the parent company of Universal Studios' owner NBC Universal – also assessing a bid, as is Verizon.

Should the Fox deal not go through, Bob Chapek – a Disney veteran of more than 20 years – would still be the likely successor to Bob Iger, according to Bloomberg.

Disney has struggled to find a suitable successor following the departure of heir apparent Thomas Staggs in April 2016. Iger extended his tenure at Disney until 2 July 2019, saying at the time that he would be working with the company’s board to “to identify a successor as CEO and ensure a successful transition”.

The incoming chief executive will be leading from a position of strength, with Disney’s recent earnings report showing growth for the fiscal year. The company’s Parks and Resorts division performed strongly, with revenues increasing eight per cent year-on-year to US$18.4bn (€15.8bn, £14bn), while profits were up 14 per cent to US$3.8bn (€3.3bn, £2.9bn).
RELATED STORIES
Bob Chapek tipped as heir to Disney throne


Disney's chief operating officer, Bob Chapek, has emerged as the favourite to make the step up when Bob Iger’s tenure as CEO ends in 2019.
Tokyo Disney plans biggest expansion in 20 years as operator enters discussions for ¥300bn development


Tokyo Disney could undergo its biggest expansion in over two decades, as operator Oriental Land is reportedly in discussions over a ¥300bn (US$2.68bn, €2.25bn, £1.98bbn) mega-development for the resort.
Bob Iger to step down from Disney in 2019: 'This time I mean it'


Disney chief executive Bob Iger has announced his intention to leave the company in 2019, saying “this time I mean it”, after extending his contract as chief executive earlier this year.
'Plenty of opportunity for expansion in China' says Iger as Shanghai booms


Disney chair Bob Iger has said that there is “plenty of opportunity for expansion” in China, as its parks division, buoyed by the operator’s overseas ventures, enjoyed a strong third quarter of the fiscal year.
MORE NEWS
New kids addition to Ferrari Land as PortAventura targets 5 million visitors
PortAventura has expanded its offering at Ferrari Land, introducing a new children's area for visitors to the popular destination as it attempts to reach 5 million visitors in 2018.
Blackpool Pleasure Beach debuts £16.25m Icon rollercoaster
Blackpool Pleasure Beach has debuted its highly-anticipated steel launch coaster – Icon – which opens to the public today (25 May).
Omaha Henry Doorly Zoo set to launch US$22m Asian Highlands exhibit
The Omaha Henry Doorly Zoo and Aquarium is set to launch its brand new US$22m (€18.8m, £16.4m) Asian Highlands Exhibit, taking visitors to the Himalayan mountains and grasslands of Northern India.
Comcast potentially hijacking Disney's Fox deal with new bid
Disney's acquisition of Fox is in jeopardy, after Comcast confirmed plans to top Disney's US$52.4bn (€44.27bn, £39bn) offer for the company.
+ More news   
LATEST JOBS
Visitor Experience Manager
Tate
Salary: £27,769 per annum (inclusive of a £2,500 per annum MRA)
Job location: London, UK
Event Sales Manager
Madame Tussauds
Salary: Competitive
Job location: Hollywood, Los Angeles, CA, USA
Project Manager
Merlin Entertainments Group
Salary: Competitive
Job location: Lake Wales, FL, USA
Operations Manager
Legoland Discovery Centre
Salary: Competitive
Job location: Columbus, OH, USA
Aquarist
Sea Life
Salary: Competitive
Job location: Dallas, TX, USA
SEA LIFE Grounds Team Lead
Sea Life
Salary: Competitive
Job location: California, USA
+ More jobs  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2018

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