Disney’s Peter Rice fired in a major executive change – The Hollywood Reporter

In a serious government adjustment, Peter Rice, Disney’s chief leisure and programming head, is exiting the corporate, in keeping with sources. The Hollywood Reporter.

Sources say Disney CEO Bob Chapek summoned Rice to his workplace on Monday and relieved the previous Fox CEO of his duties. The CEO, who took over as Bob Iger final 12 months, is claimed to have felt that Rice was not a match.

This separation got here throughout a seven-minute assembly on Monday night, in keeping with the sources. Tangling advised Rice that he did not slot in with the “new Disney tradition,” to which Rice stated phrases he thought was within the midst of constructing the brand new Disney tradition. He requested what technique didn’t swimsuit him, to which your younger man replied, “Now will not be the time” and dismissed him.

Business insiders consider that Rice was seen as looking for to interchange the embattled entanglement.

A number of the metropolis’s strongest insiders reacted angrily. “Peter is beloved,” stated one agent, noting that he was overseeing a profitable division. Referring to Chapek, he stated, “How usually ought to an individual present you who they’re?”

It’s value noting that the council issued an announcement endorsing Chebak, who has just a few months left on his contract.

The transfer comes as a shocker provided that Chapek re-uploaded Rice to a brand new long-term deal final summer season. Sources say Rice has greater than two years left on his contract and can obtain vital compensation.

Rice’s senior lieutenant, Dana Walden – who has additionally transitioned from Fox to Disney – will take over his tasks. Tangled introduced the information in a memo to staff Thursday. (Learn it in full beneath.)

“Dana is a dynamic, collaborative chief and cultural power who, in simply three years, has reworked our tv enterprise right into a content material power that persistently delivers the leisure audiences crave.” “Her well-earned popularity for championing inventive expertise and growing programming that actually captures the cultural zeitgeist has resulted in a single hit after one other, from ABC. Abbott Elementary Winner of the Onyx Collective Academy Award summer season of the soulto Hulu origins like Homicide within the constructing solely, Dopesick, The Dropout And the The Kardashians. She and Peter have labored intently collectively for years to create the very best programming within the business, and I am unable to consider anybody higher than Dana to guide Disney Normal Leisure to even higher heights.”

Rice and Walden moved from Fox to Disney after the $73 billion acquisition of Mouse Home. Rice, the previous president of twenty first Century Fox, and former Fox TV Group chairman Walden, took management of a portfolio previously overseen by Ben Sherwood.

Rice, who was one in all 4 direct reviews underneath Chapek, oversaw Walden and a portfolio that included primarily all of Disney’s tv efforts apart from ESPN. These corporations included FX, Nationwide Geographic, ABC Information, and Disney Branded Tv. Rice was as soon as thought-about an apparent inheritor to Iger, and when the previous CEO resigned, Chapek’s appointment to the place was thought-about a stunning transfer given his parks background.

Walden, who was answerable for Rice, ran all of Disney’s tv studios in addition to ABC, Hulu, and Freeform, amongst different belongings. As a part of her transition from Fox, she changed overseeing one other broadcast community at ABC whereas persevering with to run the previous Fox TV studio twentieth Tv.

“It is an unimaginable honor to be requested to guide this extremely proficient workforce – they are surely the best possible in each method – and I am grateful to Bob for this as soon as in a lifetime alternative,” Walden stated. “The tradition of inventive excellence and originality at Disney Normal Leisure has made us house to lots of the most proficient creators on this subject. I’m humbled to guide this workforce, and I’m assured that collectively, we are going to proceed to construct on the muse of the culture-defining leisure we’ve got achieved up to now.”

Disney, like different conglomerates, reorganized its government ranks in 2020 to higher prioritize broadcasting. A lot of the business aspect has been handed over to Karim Daniel, who sits on the head of the newly shaped Disney Media and Leisure Distribution group and oversees distribution and operations in addition to promoting, budgets and content material wants.

Rice has been within the function on Fox and afterward Disney for greater than three many years. His title has been floated as a possible head of leisure for David Zaslav, the newly integrated Warner Bros. Discovery Firm. The beloved CEO, who has robust ties to the inventive group, is claimed to have eliminated his title from consideration after studying of a job that was reported on to Zaslav.

Sources point out that Rice was shocked by the entanglement’s resolution and had no instant plans to re-engage within the WBD job.

As for Walden, her new title can be Chief of Normal Disney Leisure – like Rice – and she’s going to begin her new place instantly. It will likely be tasked with creating authentic content material for Disney’s streaming, cable and broadcast platforms whereas overseeing ABC Leisure, ABC Information, Disney Branded Tv, Disney Tv Studios, Freeform, FX, Hulu Originals, Nationwide Geographic Content material and Onyx Collective.

Walden spent greater than 25 years at Fox – all underneath Rice.

It is a networking be aware for workers:

Crew-

I am completely happy to announce that Dana Walden has been named President of Disney Normal Leisure Content material, and she or he’s following me immediately. For these of us who’ve loved working with Dana since she arrived from twenty first Century Fox three years in the past, you recognize she is a dynamic, collaborative chief and cultural power who has actually reworked our tv enterprise right into a content material power that persistently delivers the will to entertain. Dana, who beforehand served as Chairman of the Leisure Board at Walt Disney Tv, succeeds Peter Rice, who left the corporate after main the DGE Group via an unimaginable interval of transformation, growth, and artistic renaissance. I do know all of us want Peter the very best.

Dana is likely one of the most skilled and revered executives within the business, and her well-earned popularity for championing inventive expertise and growing applications that exemplify the cultural zeitgeist has led to success after success, from ABC’s Elementary and Onyx Collective Academy Award – successful Summer time of Soul, To Hulu originals like Solely Murders within the Constructing, Dopesick, The Dropout, and The Kardashians. One of many highlights of becoming a member of twenty first Century Fox in 2019 was Dana becoming a member of our management ranks, and I am unable to consider anybody extra apt to take our basic leisure portfolio to higher heights within the coming years. In her new function as president of DGE, Dana will oversee ABC Leisure, ABC Information, Disney Branded Tv, Disney Tv Studios, Freeform, FX, Hulu Originals, Nationwide Geographic Content material, and Onyx Collective.

When Dana first arrived at Disney after 25 years of fantastic runs at twenty first Century Fox, she was confronted with an unprecedented problem: Improve our inventive output to fulfill the wants of our quickly increasing distribution pipeline, with out compromising the standard of storytelling for which Disney is understood. If you recognize Dana, you recognize that she enjoys a problem and loves the inventive course of, and proof of her success has been in performances by her proficient groups at Disney Tv Studios, ABC, Freeform, Hulu Originals and Onyx Collective. Beneath her management, ABC has been the primary leisure community for 3 consecutive seasons, Hulu has seen report viewership for its belongings, and DGE has a mixed 270 Emmy nominations and 23 wins.

I’m extremely assured in Dana’s means to guide the DGE workforce in creating essentially the most thrilling, compelling and memorable basic leisure content material to please audiences for years to come back. Please be part of me in congratulating Dana on her new function.

Bob

Kim Masters contributed to this report.