Peter Rice has attracted so much attention in the headlines following his dismissal from Disney. The 56-year-old was the chairman of Disney General Entertainment Content, a division of the company that produces more than 500 shows per year for platforms such as ABC, Disney Channel, and others, was fired by Disney CEO Bob Chapek in a brief meeting on Wednesday (June 8), according to credible sources.

Why did Disney fire Peter Rice?

Rice made a move from ABC News and recently renewed his contract with Disney last year in August. It was supposed to last until 2024, but he will be compensated by the company.

At the moment, there is no clear explanation as to why Rice was laid off. He was most likely let go due to poor performance in his department.

Who replaces Peter Rice at Disney?

According to rumors, one of Rice’s top lieutenants, Dana Walden, the Chairman of Entertainment, Walt Disney Television, will succeed him.

The move is a high-profile restructuring shift made by Disney CEO Bob Chapek as he continues to make his mark on the studio following the departure of Bob Iger.

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