Disney pulled a surprising move over the weekend, firing CEO Bob Chapek and bringing back former CEO Robert Iger to replace him. Iger previously ran Disney from 2005 until his retirement in 2020, a highly successful period for the company. Chapek departs after two shaky years at the helm - a Nov. 8th earnings report showed Disney's stock price down 41 percent since January, while its streaming division lost $1.5 billion in the last year.
What will this mean for Disney? Why have streaming platforms struggled to make money during the 'streaming wars'?