Hey, good morning! You look fabulous.
On Tuesday, Disney abruptly announced that CEO Bob Iger would leave his post, "effective immediately." That follows a run of developments over the last few years that have seen Disney corner the market on content from Marvel, Lucasfilm, Fox and more, all culminating in the launch of its "direct-to-consumer" plan that centers on services like Disney+.
The suddenness of Iger's exit makes things murky, but it's not that surprising to me. Once it became clear that the cable bundle and home disc sales wouldn't last forever, Disney shifted to a new strategy that is now well under way, to the tune of 26.8 million D+ subscribers at last count.
So what can we expect for Disney as it looks forward to the next generation of the Marvel Cinematic Universe and season two of the Baby Yoda show? Incoming CEO Bob Chapek is credited with spearheading a "Disney Vault" strategy, which turned engineered scarcity of home animation releases into big bucks, so we'll see what happens in a few years when the company tries to turn a profit from its streaming efforts.