Disney has made changes to its release schedule by moving Marvel Studios The Marvels movie from summer to fall.
According to The Hollywood Reporter, a USA-based entertainment news outlet, Brie Larson starrer The Marvels has been pushed back from July 28 to November 10.
In a similar move, the theme park-based Haunted Mansion will take over the July 28 slot from August 11.
The Marvels is a sequel to Captain Marvel, which grossed $1 billion (roughly Rs. 8,300) worldwide. It is directed by Candyman filmmaker Nia DaCosta and stars Teyonah Parris as the grown-up Monica Rambeau from Captain Marvel.
The actor made her Marvel debut with WandaVision, which included screenwriter Megan McDonnell from The Marvels, reported The Hollywood Reporter.
It also stars Ms. Marvel breakout Iman Vellani as Kamala Khan in a story in which these three heroes switch places every time they use their powers. The premise was teased in the finale of Ms. Marvel, which featured a cameo by Larsons Captain Marvel.
Marvel is set to slow down and spread out its Disney+ TV output after releasing a breakneck 18 projects across TV and theatrical in 2021 and 2022.
They just released Ant-Man and the Wasp: Quantumania, which is the 31st Marvel Studios theatrical release, and stars Paul Rudd and Evangeline Lilly, with Peyton Reed directing. It also introduces Jonathan Majors villain Kang to the big screen.
As per The Hollywood Reporter, Marvel has Guardians of the Galaxy Vol. 3 due out May 5, and on the small screen is expected to debut Loki season two and Samuel L. Jacksons Secret Invasion this year.
Affiliate links may be automatically generated – see our ethics statement for details.
Disney has pulled an episode of “The Simpsons” that features criticism of China from its streaming platform in Hong Kong.
The episode, titled “One Angry Lisa,” first aired in October last year and shows Marge Simpson taking a spin class as a screen displays images of the Great Wall of China.
“Behold the wonders of China,” the class’s instructor states. “Bitcoin mines, forced labor camps where children make smartphones.”
China is a pivotal market for Disney, with the country becoming one of the company’s most significant sources of revenue in recent years.
While Disney touts itself as an enlightened and progressive company, China is under fire for human rights abuses, including cultural and religious persecution, so the company’s desire to remain cozy with the country has sparked accusations of hypocrisy.
“Capitalism is capitalism, but a company like Disney, which continuously spews how diverse and inclusive they are, should stand up for what they supposedly believe in instead of bending over backward for China’s money. It’s hypocrisy,” one critic recently railed on Twitter.
The Post has contacted Disney for comment.
Disney has pulled an episode of “The Simpsons” that features criticism of China from its streaming platform in Hong Kong. FOX
The “labor camp” quip in “The Simpsons” episode seemingly refers to the mass detention of Uyghurs, a predominantly Muslim group in western China.
According to the US State Department, there are as many as 1,200 state-run internment camps that have been set up for Uyghurs across the region.
“Detention in these camps is intended to erase ethnic and religious identities under the pretext of ‘vocational training,’” the Department writes. “Forced labor is a central tactic used for this repression.”
“Behold the wonders of China,” the class’s instructor states. “Bitcoin mines, forced labor camps where children make smartphones.”FOX
Axios first confirmed that “The Simpsons” episode had been pulled from Disney’s streaming service in Hong Kong.
However, it’s not the first time an episode of the cartoon series has been nixed.
“Disney no stranger to China’s censorship demands and has a long track record of bowing to them,” Axios wrote in its report.
Hong Kong has come under increasing control of Beijing in recent years. Pro-democracy protesters take part in an anti-government rally in the territory in 2019. Anthony Kwan/Getty Images
Disney isn’t the only American company to face criticism for seemingly cozying up to China.
Apple — which similarly touts itself as a progressive company — was called out after it hobbled the use of its AirDrop tool in China amid widespread protests against Xi Jinping’s “zero COVID” policies
Encanto at the Hollywood Bowl arrives on Disney+ after it was filmed before a lively audience this past November at the venerable Los Angeles amphitheater. With an introduction by songwriter Lin-Manuel Miranda and featuring members of the film’s original voice cast, Encanto at the Hollywood Bowl recreates the Madrigal family’s casita for the stage, incorporates backup dancers, a full orchestra and a Colombian band, and includes appearances by Colombian superstars Carlos Vives and Andres Cepeda.
The Gist: There’s a packed house on hand at the Hollywood Bowl, where an animated butterfly and lush, blue-tinted lighting emulate the animation and color palette of Encanto, Disney’s Academy Award winner for Best Animated Feature that was still dominating families’ Spotify mixes for a year after its 2021 release with impossibly catchy songs like “The Family Madrigal,” “We Don’t Talk About Bruno” – a number that for awhile there became its own miniature cultural zeitgeist – and “All of You,” performed by Colombian singing legend Carlos Vives. Lin-Manuel Miranda, who wrote eight original songs for Encanto alongside composer Germaine Franco, appears at the Bowl to introduce the production, which he notes is the first time the original cast of Encanto has sung together onstage, since the film was made during the pandemic.
As spectacular digital and lighting effects combine to realize the casita and surrounding magical village of Encanto, Stephanie Beatriz appears as Mirabel Madrigal, complete with flowing skirt and rimless spectacles. And as she sings “The Family Madrigal,” the other cast members are introduced, including Jessica Darrow and Diane Guerrero as Mirabel’s sisters Luisa and Isabela, Carolina Gaitan and Mauro Castillo as Aunt Pepa and Uncle Felix, Olga Merediz as Mirabel’s Abuela (Merediz also performed the singing portion of the role in Encanto), and Adassa as Pepa and Felix’s daughter Dolores. Just like in the film, the “grand kid roundup” and “What about Mirabel?” call-outs in “Family Madrigal” are a big hit with the live audience.
A troupe of dancers and prop artists are a constant presence on the stage at the Bowl, which shifts in color from blue to yellow and orange while visual effects emulate brickwork and a large video screen plays snippets of the original film. Darrow performs an ebullient, lighthearted version of Luisa’s signature song “Surface Pressure,” Guerrero is often surrounded by digital and practical floral patterns as she sings, and “We Don’t Talk About Bruno” features Gaitan and Castillo in brilliant yellow, Adassa in red dancing through the audience, and dancers in fantastical rat costumes accompanying a giant Bruno puppet as it moves through the amphitheater.
Performance Worth Watching: While the entire Encanto at the Hollywood Bowl ensemble hit their marks and keep the energy level high, this feels like Stephanie Beatriz’s show from the second she takes the stage to ecstatic cheers as the exuberant human form of Mirabel Madrigal.
Memorable Dialogue: “Colombia, te quiero tanto! Que siempre me enamora tu encanto!” It’s never a bad option to have one of Latin music’s all time greats on hand to close out your soundtrack and lively stage production, and for Encanto at the Hollywood Bowl, the one and only Carlos Vives adds a shot of joyous adrenaline to the finale, reprising his hit song “Colombia, Mi Encanto” as the stage is filled up with cast members and supporting players and he’s bracketed by US and Colombian flags.
Sex and Skin: What? Ay, dios mio. Not here!
Our Take: “This is a movie about family. So while we’re on that stage, we’re all one big family!” The cutaway midway through Encanto at the Hollywood Bowl is a little awkward, as Lin-Manuel Miranda delivers a video message to the Santa Monica-based children’s choir that will perform the ballad “Dos Oruguitas” with Colombian singer Andres Cepeda. It feels like a vestige of a longer program, a piece of background story that would have also included vignettes on vocal rehearsals and set design. None of those latter elements are included here, which means the detour into the choir’s practice room, complete with gushy interview bits from the young singers themselves, removes us from the lush production standard that’s well established by the time it appears. Encanto certainly is about family. But it’s also an immersive film that transports the viewer to the magical place where the Madrigals’ individual gifts enliven the quality of life in the village. In the Hollywood Bowl show, the music and performers help recreate that setting. But it’s also realized through a host of spectacular lighting and visual effects, dancers drifting through the amphitheatre’s aisles, and a pace that doesn’t let up, ensuring the attention of the children captured singing along as their favorite movie moments are realized in live action and sound. The brief interlude with the choir isn’t really a misstep. But it does feel like padding for an otherwise bright and energetic concert special that doesn’t really require this kind of filler.
Our Call: Stream It. Encanto at the Hollywood Bowl recaptures the spark of the Oscar-winning film in sound and vision, with lively takes on all of its major songs and a familial atmosphere that effectively encapsulates its themes of inclusion, culture, and quirky personalities.
As Avatar: The Way of Water rides waves across theatres, director James Cameron has now coined a new phrase called “the Stranger Things effect.” Speaking to Entertainment Weekly, the filmmaker claimed that certain footage for Avatar 3 and Avatar 4 was shot in tandem with the second Avatar film, in order to avoid the child actors from inevitably growing up, and showing signs of ageing. The multi-year project had to be covered in a single production, “Otherwise, you get — and I love Stranger Things — but you get the Stranger Things effect where they’re supposed to still be in high school [but] they look like they’re 27,” Cameron said.
While it was easy for leads Sam Worthington and Zoe Saldaña to slip into their roles whenever, it never stopped the child actors’ growth spurts. Jack Champion, who portrays Miles “Spider” Socorro, the adoptive human child of Jake Sully and Neytiri, was 14 when Avatar: The Way of Water began filming. “We shot with Jack when he was 14 and 15, almost up to 16. So we were shooting him over an 18-month period,” Cameron told EW. The actor is now an adult, he turned 18 in November. Production would continuously switch between filming scenes for The Way of Water, the entirety of Avatar 3, and act one of Avatar 4.
Sure, performance capture could turn returning star Sigourney Weaver into a teenager, Kiri, but there are limitations to performance capture VFX. Trinity Jo-Li Bliss plays Tukt, the youngest child of Jake and Neytiri, and was cast in Avatar 2 when she was about seven years old. She’s now 13. Similarly, Bailey Bass, 19, who played the shoreline Metkayina clan’s Tsireya was about 12 when she auditioned for the sequel. While not as prominent, the effects of ageing are definitely noticeable in Netflix’s Stranger Things, where the male leads’ voices got deeper with each season. Cameron wanted to avoid that, and built on the Pandoran arc as quickly as possible, whilst leaving out a few unanswered questions at the end of each entry. “You can call it sequel bait, but I’m not trying to justify a sequel,” Cameron said in the interview. “We’ve already shot the other d–n movie. I don’t have to sell it to anybody.”
Speaking to Variety earlier this year, Avatar: The Way of Water producer Jon Landau briefly touched upon the filming process for the follow-ups in the franchise, noting that there were “logistical reasons” for the steps they took. And now we know why — to prevent the “Stranger Things effect”. Cameron also made bold claims about his Avatar universe, stating that he was even prepared to end the franchise with a trilogy if Avatar 2 underperformed.
In its first week, Avatar: The Way of Water has now surpassed the $600 million (about Rs. 5,052 crore) mark at the global box office. While its production budget hasn’t been explicitly mentioned, Cameron suggested that the film has to become “the third or fourth highest-grossing film in history, to break even.”
The notion of filming three films back-to-back never seemed daunting to Saldaña, at least from a plot and thematic standpoint. “We did read-throughs, we discussed extensively where we were, we defined those beats that distinguished [Avatar] 2 from 3,” she told EW. “So from where I was standing, I never felt that it was uncomfortable or anything, but that just has to do with the amount of time that we took in preparation for this. Jim makes you a part of the whole process and hears you. Every need that you have, he takes great attention to that detail and tries to the best of his ability to accommodate and incorporate your input.”
Avatar: The Way of Water is now playing in theatres in India, in English, Hindi, Kannada, Malayalam, Tamil, and Telugu. Avatar 3 is slated to release in December 2024, followed by Avatar 4 in December 2026.
Affiliate links may be automatically generated – see our ethics statement for details.
Avatar: The Way of Water has now grossed $609.7 million (about Rs. 5,052 crore) at the worldwide box office. This represents commercial figures for the new Avatar movie through Thursday, reflecting strong mid-week play, following its sizeable $435 million (about Rs. 3,604 crore) collected during the opening weekend. Roughly $427 million (about Rs. 3,540 crore) has been collected from markets outside the US, including India and the all-too-rare biggest market for Hollywood since the COVID-19 pandemic, China. Within the US and Canada, James Cameron’s hotly-anticipated sequel has earned a total of $183 million (about Rs. 1,516 crore).
According to Deadline, the top 10 markets for Avatar 2 from outside the US were led by China, which earned $70.5 million (about Rs. 584 crore), with France adding $37 million (about Rs. 306 crore) to the bag. Avatar: The Way of Water performed fairly well in Korea too, adding $32.1 million (about Rs. 266 crore) to the collection. Meanwhile, Disney India announced that the film managed to pull Rs. 235 crore (about $28.3 million) in the country. Coming back to Europe, German theatres drew $26.1 million (about Rs. 216 crore) in ticket sales, while the UK poured in $21.6 million (about Rs. 179 crore).
Beyond that, we have Brazil, where Avatar 2 has grossed $12.6 million (about Rs. 104 crore), which was slightly topped by Italy with $13.8 million (about Rs. 114 crore). Mexico has contributed $19.4 million (about Rs. 161 crore) so far, whereas Australia did Pandora business worth $15.8 million (about Rs. 131 crore).
It’s in the weeks to come when Avatar 2’s strength will be fully tested, based on how many seats it’s able to fill on a recurring basis. The original 2009 Avatar managed to collect merely $242 million (about Rs. 2,004 crore) at the worldwide box office during its opening weekend, but maintained enough hype over the months to come, to become the biggest movie of all time. Neither Disney nor 20th Century Studios have revealed the production budget for Avatar: The Way of Water, but reports suggest that it sits at around $400 million (about Rs. 3,313 crore).
In order to break even, the film has to become “the third or fourth highest-grossing film in history,” Cameron said earlier. (That’s because production budgets don’t account for marketing spends.)
For what it’s worth, Cameron has experience getting there. His 1997 disaster romance film Titanic, and J.J. Abrams’ soft reboot Star Wars: The Force Awakens have both grossed over $2 billion (roughly Rs. 16,500 crore) apiece. The hefty runtime of Avatar: The Way of Water, clocking in at 3 hours and 12 minutes, is also said to pose a challenge in driving people to theatres. Though that didn’t stop Titanic.
Avatar: The Way of Water is now playing in theatres in India, in English, Hindi, Kannada, Malayalam, Tamil, and Telugu.
Affiliate links may be automatically generated – see our ethics statement for details.
Avatar: The Way of Water is finally complete, after six long years. Avatar 2 producer Jon Landau, who also worked on the original 2009 film, confirmed via Twitter that the “final mix and mastering” for the sequel had just been accomplished. The post-production completion comes merely three weeks ahead of the second Avatar film’s global release on December 16, including in China. Oscar-winning filmmaker Guillermo del Toro (The Shape of Water) reacted to the news, calling Avatar 2 a “staggering achievement” that is “choke-full of majestic vistas and emotions.” It’s clear the director is among the first to see the film, which also makes this the first official review for Avatar: The Way of Water. If you can call it that.
In addition to Avatar, Landau also collaborated with director James Cameron on 1997’s Titanic, both of which went on to become the highest-grossing films of all time. Released 13 years ago, Avatar broke new ground in Hollywood with its stunning VFX, welcoming audiences to the immersive world of Pandora. The film grossed $2.9 billion (about Rs. 23,600 crore) — with the recent re-release — and won three Academy Awards for Best Art Direction, Best Visual Effects, and Best Cinematography. Evidently, its sequel Avatar: The Way of Water has a lot to live up to, with even Cameron raising concerns regarding profit.
A staggering achievement- AVATAR TWOW is chokefull of majestic Vistas and emotions at an epic, epic scale. A master at thepeak of his powers… https://t.co/tG6I16JlhM
Speaking to GQ Magazine, earlier this week, he noted that the film was very expensive to make and that it represented “the worst business case in movie history.” In order for it to be profitable, he said, “you have to be the third or fourth highest-grossing film in history. That’s your threshold. That’s your break even.” The director also confirmed previously that he was prepared to end the Avatar franchise with a trilogy, in case The Way of Water underperforms. Filming for Avatar 3 — reportedly subtitled The Seed Bearer — finished with the main cast in November 2018. In an interview with Variety, producer Landau noted that the first act of Avatar 4 had already been shot as well.
Advance ticket bookings for Cameron’s hotly-anticipated sequel went live in India, earlier this week, across BookMyShow and Paytm and the official websites of major cinemas. Disney-owned 20th Century Studios also claims that Avatar: The Way of Water will witness 24 hours of shows running at select theatres, with first showings starting at 12am midnight onwards. The studio also dropped a final Avatar 2 trailer ahead of release, which saw Jake Sully’s (Sam Worthington) family forming an alliance with the coastal Metkayina clan, and connecting with the waterborne beings, for traversal.
The sequel is set more than a decade after the original film and brings back familiar faces including Zoe Saldaña as wife Neytiri, Sigourney Weaver as Kiri, Dileep Rao, Stephen Lang, and CCH Pounder. New additions to Avatar: The Way of Water include Kate Winslet, Cliff Curtis, Edie Falco, Brendan Cowell, Michelle Yeoh, Jemaine Clement, Oona Chaplin, Vin Diesel, and CJ Jones.
Avatar: The Way of Water releases December 16 in theatres worldwide. In India, the film gets additional dubs in Hindi, Kannada, Malayalam, Tamil, and Telugu.
Affiliate links may be automatically generated – see our ethics statement for details.
“Disney, pay 98 if you can. That will be nothing …versus where it goes,” Cramer tweeted on Sunday night at around the same time that it was learned Disney’s board of directors had pushed out Bob Chapek and replaced him with his predecessor, Iger.
As of just past noon time on Monday, Disney stock was trading at $96.68 a share. The stock price soared by some 10% in premarket trading in reaction to the news of Iger’s return.
Cramer’s critics on Monday trolled the CNBC analyst, saying it was time to run for cover.
Jim Cramer is advising investors to buy stock in Disney after the company replaced CEO Bob Chapek with his predecessor, Bob Iger.Getty ImagesJim Cramer urged investors to buy up stock in Disney.CNBC
“Disney is doomed,” tweeted one Twitter user who attached Cramer’s face onto the Deadpool superhero who is part of Marvel Comics’ stable of characters. Marvel is a subsidiary of Disney.
Another Twitter user posted a meme depicting Mickey Mouse with a gun pointed to his head.
Disney, pay 98 if you can. That will be nothing …versus where it goes
“Sigh, puts it is,” tweeted another Cramer troll. In stock trading, a put is a type of option that increases in value as the share price falls.
“Time to short,” quipped another Twitter user.
“Shorting” a stock means to borrow shares that the investor thinks will decrease in value. The investor would then sell the shares on the open market at a lower price and pocket the different, thus turning a profit by betting against the stock.
Disney’s board of directors announced on Sunday that Bob Iger would return as CEO, replacing his handpicked successor, Bob Chapek.Getty Images for Disney
Cramer has been a frequent target of criticism on social media for stock tips and investment advice that have missed the target.
Last month, Cramer appeared on the verge of tears when he offered up an emotional on-air apology for touting Meta, Facebook’s parent company which has seen its stock price plummet in the last year.
Chapek, who has spent decades at Disney, ends his tumultuous two-and-a-half year run as CEO.REUTERS
“I made a mistake here,” Cramer said, his voice halting and trembling as he spoke. “I was wrong.”
Cramer has gained a reputation online as an untrustworthy prognosticator of the stock market as Twitter and Reddit trolls have frequently trended the term “Inverse Cramer” — the idea being that investors should do the opposite of whatever the CNBC personality recommends.
One fund manager, Tuttle Capital Management, has taken the concept further, filing prospectuses for two Cramer-tracking funds — the “Inverse Cramer ETF” and the “Long Cramer,” according to Nasdaq.
The cast of Disney’s “High School Musical” reunited Saturday in Paris and shared a heartwarming photo on Instagram of most of the main stars, reports Insider.
According to Instagram, the Wildcat reunion took place while the stars were attending “Back to the Musical World 2,” a convention of about the “universe of Kenny Ortega,” according to the website.
The photo — which was posted by Ortega — features Lucas Grabeel, Vanessa Hudgens, Corbin Bleu, and Bart Johnson who played Ryan, Gabriella, Chad, and Coach Bolton, respectively.
“Back with my Wildcat family,” read the caption along with the hashtag “#hsmforever.”
Also featured in the photo was Drew Seeley — who provided the singing voice for Troy Bolton.
“Like no time has passed,” read Seeley’s Instagram.
Black Panther: Wakanda Forever — now playing in cinemas worldwide — ends with the words “The Black Panther will return,” just as with the most recent Marvel Cinematic Universe movie before it, Thor: Love and Thunder. It essentially promises that the titular superhero and the world of Wakanda will be back for more. While there hasn’t been any announcement on that front, Marvel Studios president Kevin Feige did say that he has had discussions on a third Black Panther movie with Wakanda Forever director Ryan Coogler. And if you were hoping that Black Panther: Wakanda Forever post-credits scene would offer any clues in that regard, well there aren’t any. That said, it does give us something that has never happened in the comics — and finds a way forward for the character of T’Challa, who was retired after the death of Chadwick Boseman in 2020.
Black Panther: Wakanda Forever post-credits scene, explained
The mid-credits scene in the new Black Panther movie picks up right where the movie ends: on a Haitian beach. A crying Shuri (Letitia Wright) is joined by Nakia (Lupita Nyong’o) and a young boy (Divine Love Konadu-Sun). Nakia says that he’s her son Toussaint, she had him before T’Challa/ Black Panther (Boseman) died, and she now wants to introduce him to his “auntie” Shuri. Now, though the word auntie is more flexible in African cultures — as it is in India — it’s immediately clear to everyone in the room who his father is. Thankfully, the movie doesn’t dance around it for long either.
Nakia tells Shuri that T’Challa suggested they settle outside of Wakanda, which would allow Toussaint to grow up without the pressure of the throne. And though they knew of T’Challa’s illness, he didn’t want them at his funeral. That would’ve thrust the boy into the Wakandan limelight at the worst possible time. Nakia and Toussaint did have their own little ceremony for him, she adds. This also explains Nakia’s absence from Wakanda — and the early running of the new Black Panther movie. Shuri wonders if her late mother, Queen Ramonda (Angela Bassett), had met Toussaint. Nakia says yes.
Shuri and Toussaint exchange their first words, with the boy noting he’s heard his auntie is good at keeping secrets. Toussaint is his Haitian name, he adds. When Shuri asks who he is in their native tongue, he replies: “I’m Prince T’Challa, son of King T’Challa.” Coogler and Feige said they weren’t going to ever recast T’Challa, so they have found the next best step for Black Panther’s future. Give T’Challa a kid (and give him the same name too), who will age into him eventually. These are big shoes for an actor to fill in like 15–20 years.
To me, this is also interesting on a political level. T’Challa and Nakia were never officially married, on screen at least. How will Wakanda’s many tribes take to a child of their late king who goes by his name but hasn’t lived among them. Will he be accepted? And though he may be the firstborn son of the late king, Wakanda doesn’t really operate like that. Anyone can challenge to be the Black Panther and assume the throne. M’Baku enters the fray at the end of Wakanda Forever — and of course, there’s Shuri, who has assumed the mantle of Black Panther.
But given the boy’s age, it’s not something a Black Panther film will need to deal with for a long time. And who knows what shape Wakanda will be in by then.
Black Panther: Wakanda Forever is now playing in cinemas worldwide. In India, Black Panther: Wakanda Forever is available in English, Hindi, Tamil, and Telugu.
Affiliate links may be automatically generated – see our ethics statement for details.
CNBC’s Jim Cramer called for the firing of Disney CEO Bob Chapek after the Mouse House turned in dismal fourth quarter earnings earlier this week.
“Disney, they have ESPN. If we were on ESPN, we would say he’s got to be fired. That’s pretty cut and dry,” Cramer said on CNBC’s business news program “Squawk Box” Wednesday morning. “The losses here are just mind-boggling. When you’re going over the quarter, it’s stunning.”
Cramer slammed Chapek for his “delusional” characterization of the quarter, in which the streaming service Disney+ took a $1.5 billion loss, causing the media giant to miss Wall Street’s projections.
“Our fourth quarter saw strong subscription growth with the addition of 14.6 million total subscriptions, including 12.1 million Disney+ subscribers,” Chapek said in his statement Tuesday.
Disney CEO Bob Chapek told investors that the company was making progress on its streaming efforts, even as the unit lost $1.5 billion in the quarter.Getty Images
“The rapid growth of Disney+ in just three years since launch is a direct result of our strategic decision to invest heavily in creating incredible content and rolling out the service internationally,” Chapek continued, “and we expect our DTC operating losses to narrow going forward and that Disney+ will still achieve profitability in fiscal 2024, assuming we do not see a meaningful shift in the economic climate.”
Comparing Chapek to a pro-sports coach, the “Mad Money” host said Chapek “absolutely” should be fired because the “team” has been “going downhill.”
“There is just no doubt that he has to go,” Cramer said. “The way he handled it, he made it sound like it was a four-star quarter. Delusional.”
Chapek has had a bumpy ride as CEO at Disney, having grabbed the reins at the House of Mouse in 2020 after Bob Iger retired from his 15-year stint at the company. The former chairman of Disney’s lucrative theme parks division expressed how difficult his time as CEO has been during a panel at The Paley Center for Media in New York on Wednesday.
“It was really scary for me,” Chapek said, referring to the first few weeks as CEO, which was marked by the onset of the pandemic and the temporary closure of Disney’s theme parks.
Jim Cramer slammed Chapek for his “delusional” response after the company’s weak earnings results this week.CNBC
“There’s no playbook on it,” he said, referring to the response to the pandemic. “You don’t know what challenge lays around the corner [as CEO].”
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checkbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
