Disney has been having some problems for while. They haven’t hit the home runs with their movies. The Quarantine shut down their parks for a long time. Bob Chapek has had the reigns of Disney since the other Bob, Bob Iger, stepped down as CEO. Chapek is now out of a job and Iger is back in his prior role.
Will this turn around Disney’s stock and investments? Only time will see. But the Board of Directors for Disney are excited about this change.