This story about Disney buying Fox keeps adding one twist after another. Just this morning it was being reported that if a Disney-Fox deal goes through Fox Executive James Murdoch was likely to replace Bob Iger as Disney CEO. That no longer seems to be the case as The Wall Street Journal is reporting that if a Disney-Fox deal goes through Bob Iger is likely to renew his contract as Disney CEO.
Just months ago Bob Iger was adamant in saying that he’ll be retiring in 2019, and he’s serious this time. According to the New York Times, if Disney does indeed buy the Fox Film and TV studio, Rupert Murdoch has asked that any sale involve Iger staying on to help Disney make the transition so as to best know how to utilize the newly acquired Fox assets and Star television operation in India. This means Iger will most likely stay on till 2021 or 2022.
That seems reasonable, but eventually Disney has to get a successor lined up. This would be the fourth time Iger has renewed his contract and eventually Disney needs to have a plan in place for Iger when he leaves. Could it be that Iger will groom James Murdoch for the eventual position, when he finally does retire?
As of now Disney and 21st Century Fox are still expected to be close to reaching a deal. This story is developing and we’ll have more..
I want to know what you think about Bob Iger potentially renewing his contract. Do you think it’s a good idea for him to stay on? Let us know in the comments section below!
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