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NEWS
Potential Fox deal sees James Murdoch cast as contender to Disney throne
POSTED 06 Dec 2017 . BY Tom Anstey
James Murdoch – current Fox CEO and son of media tycoon Rupert – could take the reins at Disney when Bob Iger departs in 2019 Credit: PictureGroup/SIPA USA/PA Images
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).
MORE NEWS
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
+ More news   
LATEST JOBS
Chief Executive Officer, Mount Batten Centre
Mount Batten Group
Salary: c£65,000pa + pension + benefits
Job location: mount batten centre, plymouth , United Kingdom
+ More jobs  

COMPANY PROFILES
QubicaAMF UK

QubicaAMF is the largest and most innovative bowling equipment provider with 600 employees worldwi [more...]
Vekoma Rides Manufacturing B.V.

Vekoma Rides has a large variety of coasters and attractions. [more...]
Clip 'n Climb

Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
Red Raion

Founded in 2014, Red Raion is the CGI studio for media-based attractions. [more...]
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08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

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China Import & Export Fair Complex, Guangzhou, China
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NEWS
Potential Fox deal sees James Murdoch cast as contender to Disney throne
POSTED 06 Dec 2017 . BY Tom Anstey
James Murdoch – current Fox CEO and son of media tycoon Rupert – could take the reins at Disney when Bob Iger departs in 2019 Credit: PictureGroup/SIPA USA/PA Images
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
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
Populous reveals plans for major e-sports arena in Saudi Arabia
Populous have unveiled their plans for a state-of-the-art e-sports arena, designed to stand as a central landmark in Qiddaya City’s gaming and e-sports district, Saudi Arabia.
Raby Castle reveals ambitious plans to become a major visitor destination
Raby Castle, known as one of the finest medieval fortifications in England, is nearing the end of an ambitious two-year renovation project.
+ More news   
 
COMPANY PROFILES
QubicaAMF UK

QubicaAMF is the largest and most innovative bowling equipment provider with 600 employees worldwi [more...]
Vekoma Rides Manufacturing B.V.

Vekoma Rides has a large variety of coasters and attractions. [more...]
Clip 'n Climb

Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
Red Raion

Founded in 2014, Red Raion is the CGI studio for media-based attractions. [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

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