Disney fires TV content material chief Peter Rice, supply says

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Peter Rice, then-chairman and chief government officer of Fox Networks Group Inc., speaks on the Milken Institute International Convention in Beverly Hills, California, Could 3, 2017.

David Paul Morris | Bloomberg | Getty Photos

Disney has abruptly fired Peter Rice, its most senior tv content material government, a supply instructed CNBC Thursday.

It was not instantly clear what led to Rice’s sudden departure from the corporate. In accordance the the New York Instances, Rice was “an ill fit with Disney’s corporate culture.”

Different sources instructed Selection that the abrupt decision was strategy-related and had nothing to do with any private habits of Rice’s.

Rice did not know the firing was coming, in line with an individual with data of the matter.

Rice has greater than three a long time of expertise within the leisure trade and rose up by the ranks at 21th Century Fox. When the corporate’s sale to Disney was finalized in 2019, Rice joined Disney’s group Dana Walden, who additionally made the transition from Fox to Disney, will take over his duties.

The firing comes as Disney is aggressively working to broaden its streaming viewers. Rice’s submit oversaw twentieth Tv, ABC Leisure, ABC Information and FX, amongst different manufacturers.

Disney’s board expressed help for CEO Bob Chapek, who delivered the information to Rice earlier this week.

“The energy of the Walt Disney Firm’s companies popping out of the pandemic is a testomony to Bob’s management and imaginative and prescient for the corporate’s future,” Susan Arnold, chairwoman of Disney’s board, mentioned in an announcement. “On this essential time of enterprise progress and transformation, we’re dedicated to holding Disney on the profitable path it’s on right this moment, and Bob and his management group have the help and confidence of the board.”

— CNBC’s Julia Boorstin and Alexander Sherman contributed to this report.

That is breaking information. Please verify again for updates.

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