The companies will be combining their respective Star India and Viacom18 units into the newly created Star India joint venture, valued at roughly $8.5 billion on a post-money basis, excluding ...
Marvel Entertainment will be folded into other parts of the Disney corporate umbrella.
While Iger will be returning to his old role, the board also made it clear that his new term will be a temporary one.
The new contract, which begins on July 1, 2022, runs until 2025.
Arnold has been a member of Disney’s board for 14 years and has served as its independent lead director since 2018.
Chapek, 60, who led Disney’s theme parks and consumer products businesses, takes over immediately, the company said.
Disney also revealed the paid subscriber numbers for ESPN+ and Hulu as 7.6m and 30.7m, respectively as of February 3.
