Netflix co-Chief Executive Officer, Reed Hastings, has been hoping that Disney's Bob Iger would continue to run for the presidency.
But instead, Iger made a surprise comeback, taking the highest post at the Walt Disney Co for the second time.
(Photo : Ore Huiying/Getty Images for Netflix)
SINGAPORE - NOVEMBER 09: Netflix CEO Reed Hastings speaks during an interview on day two of the Netflix See What's Next: Asia event at the Marina Bay Sands on November 9, 2018 in Singapore.
SINGAPORE - NOVEMBER 09: Netflix CEO Reed Hastings speaks during an interview on day two of the Netflix See What's Next: Asia event at the Marina Bay Sands on November 9, 2018 in Singapore.
Netflix Co-CEO Reacts to Bob Iger's Comeback as Disney's Big Boss
As per the latest news story by Business Insider, the former CEO of Disney is surprisingly back at his previous post, running one of the largest media conglomerates in the world.
As most folks were taken by surprise by the leadership changes at the house of Mickey Mouse, the Netflix co-founder, Reed Hastings, appeared to be shocked as well.
It is worth noting that before Iger retired, he introduced a new streaming service, aptly named Disney+, back in 2018, which he vowed to launch the next year. The new service seeks to rival Netflix, which staunchly dominated the market back then.
And now, the Netflix co-founder could not help but react to the return of Iger to the parent firm of its rival streaming platform.
Hastings took to Twitter to respond to the surprising return of Iger as the big boss of the Walt Disney Co.
The chief executive tweeted that he has been hoping for another route for Iger instead of a comeback to the entertainment world.
He wrote, "ugh. I had been hoping Iger would run for President." The Netflix founder went on to add that "he is amazing."
Bob Iger and the US Presidency
Business Insider notes in its story that Iger had thoughts of entering politics and running for the presidency. A CNBC report revealed that the exec considered a presidential run even before the 2016 elections.
(Photo : Charley Gallay/Getty Images for Disney)
LOS ANGELES, CALIFORNIA - NOVEMBER 18: Disney Executive Chairman Bob Iger attends the Exclusive 100-Minute Sneak Peek of Peter Jackson's The Beatles: Get Back at El Capitan Theatre on November 18, 2021 in Hollywood, California.
The Disney chief exec thought of running again after the 2016 presidential elections. He blurted out that the US was "gravely in need of optimism."
However, the Iger presidency never came to fruition as his family reportedly resisted such an idea.
And as such, he is now back to rival Hastings in the streaming service market.
Read Also: Disney Boasts More Subscribers Than Netflix! Disney+, ESPN+, Hulu Combined?
Disney Plus Streaming Service
According to a recent report by Reuters, Disney+ is once again under the leadership of Iger amid its disappointing earnings reports this November.
The news outlet reports that the streaming service lost roughly $1.5 billion in the previous quarter, which is worse than the losses last year.
Related Article: Netflix Basic With Ads Tier Doesn't Work on Apple TV; Find Out The Possible Causes
This article is owned by Tech Times
Written by Teejay Boris
