Within a week of taking over as CEO of Walt Disney (NYSE:DIS), Robert A. Iger is required to take action to rescue the company’s ailing animation division. The latest release, “Strange World,” is Disney’s second straight flopped animation movie this year, having collected merely $18.6 million in the five-day Thanksgiving period. Interestingly, only one of the released animated movies has performed well since 2020. The failure of this division may be due to the decisions made by ex-CEO Bob Chapek to some extent Early in 2020, Chapek took hold of Disney when the theatres were shutting down due to COVID-19 restrictions.
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