Walt Disney CEO Bob Chapek saw his total compensation package more than double to $32.5 million, in the fiscal year 2021 compared with 2020 according to a recently published SEC filing.
Out of his total compensation package, $10.2 million came form of a stock award, and $14.3 million via the company’s non-equity incentive plan.
Chapek is about to commence the third and final year of his current contract as CEO of The Walt Disney Company. He took over for Bob Iger, who took the role of Executive Chairman before ending up his four-decade run at Disney and ABC at the end of last month.
The Walt Disney Company plans to close 100 of its international television channels over the next twelve months as it takes advantage of its subscription based streaming service Disney+ TWDC CEO Bob Chapek told the JPMorgan Chase & Co technology and media conference this week.
The company closed 30 of its television channels in the Fiscal Year 2020 including all their Disney Channels in the United Kingdom.
Recently Disney has commenced the closure of its local versions of the Fox channel moving its contents to the Star brand on the Disney+ platform.
The company has also started to close its sports channels in southeast Asia where cricket coverage on the Hotstar service, available in India, has helped secure 30% of the 103.6 million global subscribers to Disney+.