Editor’s Note: The opinions in this article are the author’s, as published by our content partner, and do not necessarily represent the views of MSN or Microsoft. Between 2006 and now, Disney spent around billion to become the unbeatable giant it is today, snapping up Pixar, Marvel Studios, Lucasfilm, BAMTech, and 21st Century Fox. A former Disney executive told The Verge that “anytime there is a CEO transition, whether it’s a formal or informal breakup, the losers in the bake-off tend to leave.” It’s happened before. There were also rumors that Hawkeye, a series based on Jeremy Renner’s Avengers character, was facing production issues, although Disney representatives told me the show is still on itsschedule. But Disney’s streaming division is far from being in a state of smooth sailing despite the company seeing massive subscriber growth on Disney Plus, Hulu, and ESPN Plus. With Iger not planning to stick around for too much longer, Mayer is one of the only people at the executive level with a firm understanding of what needs to happen next. Ensuring that Mayer, who has overseen the acquisitions of every major Disney franchise and has handled the launch of every streaming product, stays is seen by someas crucial. It’s a fact that Disney’s board is “keenly aware of,” according to Brian Stafford, CEO of Diligent, a leader in the corporate governance space. Gallery: The biggest business battles in the world today (Lovemoney) Mayer lacks a number of qualities that Chapek has when it comes to being CEO. He never managed a big team up until recently, he doesn’t have much operational experience, he didn’t work in the programming divisions, and he has a reputation for being brash. Iger is sticking around to help Chapek learn the ropes of being a CEO, and also focusing more heavily on creative projects. That’s good — but having someone like Mayer who can continue running Disney’s streaming division the way he andIger planned to for years is crucial to building the empire even more.
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