The move marks the latest strategic shift in the Bob Chapek era at the entertainment giant.
In a major executive shake-up, Peter Rice, chairman of Disney’s entertainment and programming, is exiting the company, sources tellSources say embattled Disney CEO Bob Chapek summoned Rice to his office Monday and relieved the former
Fox exec of his duties. Rice’s top lieutenant, Dana Walden — who also made the move from Fox to Disney — will be taking over his responsibilities. Sources say Rice had multiple years left on his contract and will receive a rich payout.
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