Disney defends new big cheese at the mouse house

I think you meant to say "Disney defends new CEO at the Mouse House"!

On May 5, 2020, Bob Chapek took over as the CEO of The Walt Disney Company, succeeding Bob Iger. Chapek, a 27-year Disney veteran, had previously served as the chairman of Disney Parks, Experiences and Consumer Products.

However, Chapek's tenure as CEO was met with some criticism and skepticism from investors and analysts, who were concerned about the company's performance during the COVID-19 pandemic and the impact of the pandemic on its theme park business.

In response to these concerns, Disney's board of directors and Chapek himself have been working to address the company's challenges and reassure investors about its future prospects.

In a recent interview with CNBC, Chapek emphasized the company's commitment to its core businesses, including its theme parks, film and television production, and consumer products. He also highlighted Disney's efforts to adapt to the changing media landscape and to leverage its vast library of intellectual property to drive growth.

Chapek also addressed concerns about the company's streaming strategy, saying that Disney+ is on track to reach 230-260 million subscribers by the end of 2024 and that the company is committed to investing in the platform to ensure its long-term success.

Overall, while there may have been some initial skepticism about Chapek's appointment as CEO, it appears that Disney is working to address its challenges and position itself for future success under his leadership.