Disney CEO: Coronavirus May Cost Us More Than Kathleen Kennedy
The newest CEO-named-Bob at Disney is facing a major crisis only a few days into his tenure, courtesy of COVID-19. The deadly coronavirus has already taken a hefty toll on global economies, but Bob Chapek believes the Mouse House may be looking at a billion dollar loss when all is said and done.
“Between the $175 million we’re set to lose for closing parks, and the inevitable shortfalls incurred by our live-action Mulan, the coronavirus could be worse than Kathleen [Kennedy] for our bottom line,” said Chapek via football phone early this morning.
To put things in perspective, Lucasfilm has managed to lose 75% of the Star Wars franchise value under Kennedy’s leadership. That’s an estimated direct financial cost of $3.7 billion. And yet, the coronavirus might take an even heftier toll on Disney.
“We could be looking at a disaster that’s twice as bad as Kathleen. Just imagine two Kats running around firing everyone, and reshooting everything, and no one being able to wash their hands of either… I shudder at the thought.”
Disney insiders have speculated former CEO Bob Iger’s sudden departure from the role might have been due to the coronavirus as well.
“Oh, Iger definitely saw something worse than Kathleen coming, and he knew… now was the time to cut his losses and go out on top.”
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