American businessman and former Disney CEO (2020–2022)
Netflix has appointed Peter Rice to replace Bela Bajaria as Chief Content Officer, as the company seeks to accelerate growth and diversify its slate. The move follows recent layoffs and ongoing concerns about engagement, with Rice bringing experience from Disney and Fox to oversee global content, including live sports and events.
Chapek describes his Disney exit as a deliberate undermining by his predecessor Bob Iger, and recounts the board’s role, Iger’s return to the helm, and the ensuing financial and strategic strains on Disney through the pandemic and after.
Disney has launched another round of staff reductions, with hundreds of layoffs concentrated in human resources and technology amid CEO Josh D’Amaro’s push to consolidate divisions and reduce costs. The move follows earlier rounds and underscores a broader strategy to streamline operations and invest in growth. The company is also reorganizing its TV and entertainment units to align with a streaming-driven strategy.