• Loading stock data...
Thursday, November 21, 2024
exclusive
Media

Sources: Jimmy Pitaro Could Succeed Bob Iger At Disney

  • Pitaro’s ESPN just named one of three global pillars of Disney.
  • Saved NFL relationship and landed ESPN’s first Super Bowls.
Jimmy Pitaro of ESPN
ESPN

The Walt Disney Co.’s real-life Game of Thrones is taking another twist with ESPN’s Jimmy Pitaro emerging as a possible successor to Bob Iger.

The ESPN chairman is on the small list of executives to possibly succeed Disney’s chief executive officer, sources told Front Office Sports. 

The 72-year-old Iger is set to retire again within two years after returning in November to replace struggling former CEO Bob Chapek. 

NBA Commissioner Adam Silver is an “out-of-the-box” candidate to succeed Iger, along with Disney Co-Chairman Dana Walden and former Disney and TikTok executive Kevin Mayer.

According to sources, the 53-year-old Pitaro makes an appealing candidate to lead the $84 billion media/entertainment giant. Here’s why:

  • In his five years at the helm of ESPN, he and No. 2 Burke Magnus have saved Disney’s crucial business partnership with the NFL. He also has the touch with top talent. Pitaro staged a lightning talent raid on Fox Sports to snare Troy Aikman and Joe Buck for “Monday Night Football.” As part of the NFL’s $113 billion, 11-year media rights deals, he did what no other ESPN boss had ever done: scored the network’s first Super Bowls after the 2026 and 2030 seasons. Plus, “flexible scheduling” for MNF this year. 
  • Pitaro harpooned Peyton Manning, the “white whale” of sports broadcasting. Ever since Manning’s retirement from football, he’s been chased by virtually every NFL TV partner for TV work. So Pitaro got creative, offering him and his brother Eli Manning the chance to host their alternative “ManningCast” alongside the traditional telecast of MNF. He also signed rising sports media star Pat McAfee for “College GameDay.”
  • Pitaro joined Disney as co-president of Disney Interactive in 2010. With his digital background at the Mouse House and Yahoo, he’s leading ESPN into the streaming future. Under his watch, the ESPN+ streaming platform has grown to 25 million subscribers. He’s landed A-List talent for original ESPN+ shows, including the Manning brothers, Tom Brady, Derek Jeter, Michael Strahan, and Abby Wambach. 
  • Pitaro has put Disney’s stamp firmly on ESPN. Iger recently gave Pitaro’s leadership a vote of confidence. He dismissed calls from activist investors to spin off ESPN. Then Iger designated Pitaro’s ESPN as one of the three global pillars of Disney, along with Disney Parks and Disney Entertainment.

“ESPN is a differentiator for this company,” Iger told analysts on an earnings call. “We just have to figure out how to monetize it.”

ESPN becomes a key pillar in Disney re-organization.

ESPN Becomes Separate Unit in Disney Reorganization

ESPN will be a key pillar in Disney’s reorganization plan.
February 9, 2023

The speculation about both Pitaro and Silver possibly succeeding Iger sets up an intriguing corporate storyline.

The two leaders are currently business partners with Disney’s ESPN/ABC sharing NBA media rights with Warner Bros. Discovery Sports. 

And they’re about to enter high-stakes negotiations for the NBA’s next cycle of U.S. media rights. The league’s current deals with ESPN/ABC and TNT run through the 2024-2025 season. The NBA’s expected to seek $50 billion to $75 billion for its next long-term deal.

Given Disney’s public commitment to ESPN, Pitaro has to be on the short list of contenders, said sports media consultant Patrick Crakes. He’s young and time is on his side.

“That said, I can also see someone with a lot of direct entertainment production experience who has a some track record of managing businesses he doesn’t have direct experience with,” said Crakes. “Maybe [Pitaro] doesn’t get the gig this time — but maybe the next?”

Pitaro has been cited previously as a possible successor to Iger. If the former Disney executive does return to Burbank, that would position Burke Magnus, ESPN president of content, as Pitaro’s potential successor in Bristol.

Fox Business was the first to report Silver as a candidate for the Disney job. ESPN and Disney declined to comment on this story.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

A photo of Around the Horn's set

‘Around the Horn’ to End 23-Year ESPN Run in 2025

ESPN had reportedly been thinking of canceling the show since the summer.

Comcast’s SpinCo: New Home for USA Network, Golf Channel, Sports Rights

The move by NBC Sports’ parent company reflects how dramatically the linear television business has changed.
opinion

Charles Barkley Addition Reinforces ESPN’s Focus: Star Power

ESPN’s wheeling and dealing has built its strongest talent lineup in years. 
podcast thumbnail mobile
Front Office Sports Today

Who Can Actually Afford Juan Soto?

0:00

Featured Today

Nov 18, 2023; Las Vegas, Nevada, USA; Williams Racing driver Logan Sargeant of the United States (2) during the Las Vegas Grand Prix at Las Vegas Strip Circuit.

F1 Grand Prix Upended Vegas Last Year. Stakes Are High for Its..

Stakes are high as F1 gears up for a successful second act.
Classic Football Shirts New York Pop-Up
November 18, 2024

Vintage Soccer Jerseys Have Found a Sweet Spot in the Lucrative U.S...

The money-making shirts are at the prime intersection of memorabilia and fashion.
Nov 13, 2024; New York, New York, USA; New York Knicks guard Josh Hart (3) reacts after fouling Chicago Bulls guard Coby White (not pictured) during the second half at Madison Square Garden.
opinion
November 16, 2024

NBA Ratings Rorschach Test: Buy the Dip

Was it the election? Too many threes? Lack of storylines?
November 15, 2024

Executive Decision: When Richard Nixon Named a College Football Champion

In 1969, the 37th president unilaterally named the winner of the season.

NBA Legend Hubie Brown Stepping Away From ESPN at 91

Brown has been associated with the league for over 50 years.
Nov 18, 2024; Miami, Florida, USA; Philadelphia 76ers center Joel Embiid (21) looks on against the Miami Heat during the third quarter at Kaseya Center.
November 19, 2024

Will NBA Flex Last-Place Sixers From National TV Games?

Philadelphia is 2–11, tied for last in the NBA.
Nov 19, 2024; Boston, Massachusetts, USA; The Boston Celtics and Cleveland Cavaliers play during the second half at TD Garden.
November 20, 2024

Cavs vs. Celtics Draws Big TV Numbers in NBA Cup Showdown

The game averaged 1.94 million viewers and peaked at 2.7 million.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
November 19, 2024

Bills’ Dethroning of Chiefs Draws Highest TV Ratings of NFL Season

The massive rating continues Kansas City’s dominance as the NFL’s No. 1 TV team.
November 19, 2024

Netflix Stock Rises Again As Tyson-Paul Fight Sets Streaming Record

The streamer says it generated 108 million global viewers for the bout.
November 18, 2024

NFL Backs Netflix for Christmas Day Doubleheader Despite Recent Issues

The league checks in on the company’s ability to deliver its doubleheader.
Nov 15, 2024; Arlington, Texas, UNITED STATES; Mike Tyson (black gloves) fights Jake Paul (silver gloves) at AT&T Stadium.
November 18, 2024

Netflix Exec Calls Tyson-Paul Stream ‘Huge Success’ Despite ‘Technical Challenges’

Netflix had streaming issues last year during the season finale of “Love Is Blind.”