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Business Is Booming for One Veteran Media Exec — and He Was Just Named Time Magazine’s Businessperson of the Year

Dec 11, 2019  •  Post A Comment

A top media executive who has typically kept a high profile — and whose company keeps an even higher one — was named Time’s Businessperson of the Year. The magazine announced that this year’s honor goes to Disney CEO Bob Iger.

“Iger’s tenure as the leader of the world’s most lucrative dream factory has been one long CEO highlight reel,” Belinda Luscombe writes in the Time article. “But 2019 was an apex year, when many of his carefully incubated eggs hatched.”

The report adds: “Creativity is a messy affair, technology is an expensive, glitchy one, and business plans, like military campaigns, rarely survive the first battle. Yet in 2019, Iger managed to blend all three into one epic, deal-packed 12 months. And in a year when the tide has shifted against Big Business, Big Media and Big Tech, Iger has transformed his enormous media company into a gargantuan media and tech business while ensuring that the Walt Disney Co.’s products remain widely beloved.”

Among the achievements attributed to Iger in the past 12 months are the wildly successful launch of Disney+, a record $10 billion in global box office, closing the $71 billion acquisition of Fox, the opening of two “Star Wars”-themed parks, acquisition of complete control over Hulu and the release of “Avengers Endgame,” the highest-grossing movie in history — with “Star Wars: The Rise of Skywalker” waiting in the wings.

Oh, and shares in Disney are up more than 30% since January.

Click on the link above to Time for an in-depth report.

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