MediAvataar's News Desk
Robert A. Iger Assumes Role of Executive Chairman through 2021
Mr. Iger Will Direct the Company’s Creative Endeavors
Mr. Chapek Brings 27 Years of Successful Leadership Experience across Disney’s Parks, Consumer Products and Studio Businesses
The Walt Disney Company (NYSE: DIS) Board of Directors announced today that Bob Chapek has been named Chief Executive Officer, The Walt Disney Company, effective immediately. Mr. Chapek most recently served as Chairman of Disney Parks, Experiences and Products.
Robert A. Iger assumes the role of Executive Chairman and will direct the Company’s creative endeavors, while leading the Board and providing the full benefit of his experience, leadership and guidance to ensure a smooth and successful transition through the end of his contract on Dec. 31, 2021.
“With the successful launch of Disney’s direct-to-consumer businesses and the integration of Twenty-First Century Fox well underway, I believe this is the optimal time to transition to a new CEO,” Mr. Iger said. “I have the utmost confidence in Bob and look forward to working closely with him over the next 22 months as he assumes this new role and delves deeper into Disney’s multifaceted global businesses and operations, while I continue to focus on the Company’s creative endeavors.”
Mr. Iger added: “Bob will be the seventh CEO in Disney’s nearly 100-year history, and he has proven himself exceptionally qualified to lead the Company into its next century. Throughout his career, Bob has led with integrity and conviction, always respecting Disney’s rich legacy while at the same time taking smart, innovative risks for the future. His success over the past 27 years reflects his visionary leadership and the strong business growth and stellar results he has consistently achieved in his roles at Parks, Consumer Products and the Studio. Under Bob’s leadership as CEO, our portfolio of great businesses and our amazing and talented people will continue to serve the Company and its shareholders well for years to come.”
“I am incredibly honored and humbled to assume the role of CEO of what I truly believe is the greatest company in the world, and to lead our exceptionally talented and dedicated cast members and employees,” Mr. Chapek said. “Bob Iger has built Disney into the most admired and successful media and entertainment company, and I have been lucky to enjoy a front-row seat as a member of his leadership team. I share his commitment to creative excellence, technological innovation and international expansion, and I will continue to embrace these same strategic pillars going forward. Everything we have achieved thus far serves as a solid foundation for further creative storytelling, bold innovation and thoughtful risk-taking.”
Susan Arnold, independent Lead Director of the Disney Board, said, “The Board has been actively engaged in succession planning for the past several years, and after consideration of internal and external candidates, we unanimously elected Bob Chapek as the next CEO of The Walt Disney Company. Mr. Chapek has shown outstanding leadership and a proven ability to deliver strong results across a wide array of businesses, and his tremendous understanding of the breadth and depth of the Company and appreciation for the special connection between Disney and its consumers makes him the perfect choice as the next CEO.
“Mr. Chapek will also benefit from the guidance of one of the world’s most esteemed and successful business leaders, Bob Iger,” Ms. Arnold continued. “Over the past 15 years as CEO, Mr. Iger has transformed The Walt Disney Company, building on the Company’s history of great storytelling with the acquisitions of Pixar, Marvel, Lucasfilm and Twenty-First Century Fox and increasing the Company’s market capitalization fivefold. Disney has reached unparalleled financial and creative heights thanks to Mr. Iger’s strong leadership and clear strategic vision. We believe Mr. Chapek’s leadership and commitment to this strategy will ensure that the Company continues to create significant value for our shareholders in the years ahead.”
In Mr. Chapek’s new role as CEO, he will directly oversee all of the Company’s business segments and corporate functions. Mr. Chapek will report to the Executive Chairman, Mr. Iger, and the Board of Directors. He will be appointed to the Board at a later date. A new head of Disney Parks, Experiences and Products will be named at a future time.
Mr. Chapek served as Chairman of Disney Parks, Experiences and Products since the segment’s creation in 2018, and prior to that was Chairman of Walt Disney Parks and Resorts since 2015.
As Chairman of Disney Parks, Experiences and Products, Mr. Chapek oversaw the Company’s largest business segment, with operations around the globe and more than 170,000 employees worldwide. The segment includes Disney’s iconic travel and leisure businesses, encompassing six resort destinations in the United States, Europe and Asia, a top-rated cruise line, a popular vacation ownership program, and an award-winning guided family adventure business. Disney’s global consumer products operations include the world’s leading licensing business across toys, apparel, home goods, digital games and apps, the world’s largest children’s print publisher, Disney store locations around the world, and the shopDisney e-commerce platform.
During his tenure at the Parks segment, Mr. Chapek oversaw the opening of Disney’s first theme park and resort in mainland China, Shanghai Disney Resort; the addition of numerous guest offerings across Disney’s six resort destinations in the U.S., Europe and Asia, including the creation of the new Star Wars: Galaxy’s Edge lands at Disneyland and Walt Disney World and the addition of Marvel-inspired attractions around the globe; and the expansion of Disney Cruise Line with the announced construction of three new ships.
From 2011 to 2015, Mr. Chapek was President of the former Disney Consumer Products segment, where he drove the technology-led transformation of the Company’s consumer products, retail and publishing operations. Prior to that, he served as President of Distribution for The Walt Disney Studios and was responsible for overseeing the Studios’ overall content distribution strategy across multiple platforms including theatrical exhibition, home entertainment, pay TV, digital entertainment and new media. He also served as President of Walt Disney Studios Home Entertainment, where he spearheaded the successful “vault strategy” for the Company’s iconic films and transformed the primary format of home entertainment from DVD to Blu-ray.
Before joining Disney in 1993, Mr. Chapek worked in brand management at H.J. Heinz Company and in advertising at J. Walter Thompson.
New sector specific reports from The Insights People will be headed by new recruit Utku Tansel, LLB, MBA
Kids Insights, part of the Insights People, is delighted to announce the launch of its new Global Insight Reports, which will cover eight sectors including Devices, Video Games, Cosmetics, Fashion and will be launching with its first Toys & Games report which is available in March.
The reports will be based on Kids Insights surveying 125,000 children across 8 countries across 4 continents each year, with the analysis being undertaken by industry expert Utku Tansel who joins them as Head of Global Insights Reports. Tansel brings 15 years of success in research and analysis having worked for companies such as Euromonitor and WARC.
Nick Richardson, CEO The Insights People comments, “In the last 12 months we have firmly established ourselves as the global leader in kids market intelligence, and we are now perfectly positioned to provide clients with a global viewpoint based on our considerable data. This enables us to offer sector - specific analysis and insight, which further helps our clients understand the attitudes, behaviour and consumption of children relating to their product areas. And as we grow into other regions, we will be able to include that incorporate that data into these reports”
Utku will be responsible for the strategic producing of the Kids Insights Global Insight reports: Toy and Games Report 2020 (issued March 2020), Video Games Report 2020 (issued April 2020), Food and Drinks Report 2020 (issued June 2020), Electronics Report 2020 (issued August 2020), Health and Beauty Report 2020 (issued September 2020), Clothing Report 2020 (issued October 2020), Marketing & Engaging Kids Executive Report 2020 (issued December 2020).
Commenting on his new appointment, Utku said, “I am really excited to join The Insights People. I have been extremely impressed by their approach and look forward to working with them to develop these global reports, which firmly establishes themselves as the global leader in kids, parents and family market intelligence”
The Kids Insights Global Toy & Games report will be available in March and will feature how the toys industry is adapting to transformative times by embracing sustainability and inclusivity while AR & AI push limits on innovation - driven largely by ever - rising smartphone/tablet penetration among children. In the US, a substantial 63.5% of 3-9s own a tablet and 65.1% of 10-14-year olds own a mobile. Kids Insights data also highlights that 66.2% of parents spend up to £49 (US$64.40) on toys & games on a monthly basis in the UK. Within this bracket, 82.8% of purchases are made by women. In pocket money toys, kids’ rising financial empowerment drives sales and there is an intense battle over kids’ allowance. In Italy, puzzles accounted for almost one - fifth of all pocket money toy purchases in 2019, the highest in the world. The escalated streaming wars will increasingly shape content while the potential and growth from YouTube and Gaming licensed products are high. The research shows that the kid-spending economy on toys & games in the UK is worth £969m ($1.26bn), and in the US - $5.95bn.
Hulu’s Chief Marketing Officer Kelly Campbell is being promoted to President of Hulu, it was announced today by Kevin Mayer, Chairman of Disney’s Direct-to-Consumer & International (DTCI) segment, to whom Campbell will report.
In this role, Campbell will manage Hulu’s suite of on demand and live streaming businesses. She will work closely with Disney’s television and film studios on Hulu’s original content, and with other DTCI leaders on the integration of key aspects of Hulu’s operations across the segment.
“Kelly is an immensely talented leader who has been a driving force in defining Hulu’s brand vision and strategy,” said Mayer. “She has built a tremendous multi-talented team and developed strategic campaigns that helped double Hulu’s subscriber base. Our senior leadership team is excited to welcome her aboard and can’t wait to work together to further grow Hulu’s footprint in the US and beyond.”
“This is a time of extraordinary growth and transformation for Hulu, and I am incredibly energized by the opportunity ahead as we enter into this next chapter,” said Campbell. “The Hulu team is among the brightest, most technologically and creatively audacious in the industry, and I know we are going to do great things as part of the pioneering and equally bold team Kevin has built at DTCI.”
As Hulu’s CMO, Campbell was responsible for subscriber growth; brand, content and business-to-business marketing; creative development; research and insights; and viewer experience. Prior to Hulu, she spent 12 years at Google in various leadership and marketing roles across the Google Ads and Google Cloud businesses, including a year in Google Japan building the Online Sales and Operations functions. She began her career in finance as an investment banking analyst at JPMorgan Chase.
Campbell has earned many accolades for leading Hulu’s marketing efforts, including being honored as one of Business Insider’s Most Innovative CMOs, the Adweek 50, AdAge’s Women to Watch and FierceCable’s The Fierce 50: Executives Reshaping the Business of PayTV. Most recently, she was named one of Forbes’ Most Influential Global CMOs for embracing transparency in influencer marketing.
To Automate Email Hygiene Process and Generate Exceptional ROI From Email Marketing Campaigns
The integration ensures weeding out of deactivated and dormant email IDs from the recipient list to reduce bounce backs and shielding the sender’s reputation score.
Netcore Solutions, the leading Martech solutions provider, today announced their latest partnership with Clearout, the leaders in email validation and verification to ensure the best in class email deliverability for businesses of all size and scale.
By using Clearout’s advanced email verification technology, Netcore pro-actively eliminates the possibilities of email bounce back. This ensures the emails hit the inbox, provides safety from spam traps and avoid any negative impact on the sender’s reputation.
Email is the most reliable and time-tested channel of engagement for businesses and the one metric that is extremely critical to the overall email marketing performance is the sender reputation score. Emails bounce due to deactivation of accounts, dormancy in usage or plain simple typos affect the sender reputation score adversely and in the due course of time, it proves fatal for the channel.
"Throughout our existence of more than 2 decades, Netcore has strived to enable businesses to deliver exceptional experiences to their customers and email has been an integral part of the mix.
By partnership with ClearOut, we have added another layer of sophistication to our already best-in-class email platform," said Kalpit Jain, Group CEO, Netcore Solutions.
GnanaPrakash (GP),Founder, Clearout shares "We are really excited to partner with Netcore. Clearout’s integration with Netcore is meant to accelerate email marketing goals of their clients and deliver better ROI from the email marketing campaigns”.
The integration is now live and is being rolled out to its beta customers.
Talent, technology and process drive growth and retention, earning OMD’s second consecutive Global Agency of the Year title
Omnicom Media Group agency OMD had the best net new business performance of any global media network in 2019 as reported today by COMvergence, the international independent research company.
In the COMvergence Media Agency New Business Barometer report released today, OMD tops the ranking with $2.02b in net new business values.
The agency also led the industry in retention, successfully defending more than $1.2b in business that had been in play in 2019 – approximately a half billion more than its closest competitor.
The COMvergence New Business Barometer completes a trifecta of first place net new business rankings for OMD in 2019, following reports from global consultancy R3 and media agency research company RECMA published earlier this year. Today’s report also bookends the agency’s first place ranking in COMvergence’s 2019 Global Media Agency Rankings and Billings report published in December, which showed the agency leading the industry with billings of $19.6B ($1.7b more than second ranked agency); and with a growth rate of +6.1% that dramatically outpaced the industry’s flat 0.6% growth rate.
The New Business Barometer report drops as OMD was named Global Media Agency of the Year for the second consecutive year by Adweek, a leading advertising industry publication. The accolade marks the sixth time that OMD has been named Adweek Global Media Agency of the year since 2010. Profiling the agency in its February 24th issue, Adweek credits OMD for sustaining the stunning 2018 comeback that earned it the Global Media Agency of the Year title last year; and for leveraging that momentum to support the continuing investments in talent, technology and process that would make winning a repeatable process in 2019, and into the new decade.
Commenting on the collective affirmation of OMD’s industry leading performance in 2019, OMD Worldwide CEO Florian Adamski comments: “OMD is starting the new decade with greater-than-ever capacity and commitment to delivering better decisions, better ideas and better outcomes – faster - for our clients all around the world.”
In Asia-Pacific, where the network picked up 104 new pieces of business in 2019, the success is credited to its talent and product development. Stephen Li, CEO of OMD Asia-Pacific, says: “It’s taken a lot of hard work to remain at the top of the charts over the past 12 months. 2019 has been a pivotal year for us – not just in terms of new business success, but also the efforts we’ve placed in the development of our talent and product in Asia-Pacific in order to truly make Better Decisions, Faster a reality for our clients and their organisations. Therefore, these latest recognitions belong to the entire network of OMDers and our clients, whose dedication and commitment have made 2019 another year for the books.”