Puck reports that Walt Disney CEO Bob Iger is engaged in consultation with former Disney executives Tom Staggs and Kevin Mayer.
According to the report, Staggs and Mayer are discussing with Iger the future of Disney's linear properties and how they fit with Disney's streaming ambitions.
During an interview with CNBC, Iger recently said he is open to selling Disney's linear TV networks.
Staggs and Mayer have been tipped as potential successors to Iger at various times. Staggs served as CFO, COO, and Disney Parks Chairman before leaving the company after being overlooked for the CEO role. Mayer led Disney's direct-to-consumer efforts before leaving to join Tik-Tok.
Despite Iger's contract with Disney being extended through to 2026, the CEO recently reiterated that succession planning is a priority during his remaining years at Disney.
Mayer and Staggs are currently co-creators and CEOs of Candle Media, which describes itself as "a next-generation media company inspiring audiences and empowering creators through creator-driven brands and franchises."
The Wrap reports that Candle Media is expected to be sold, with a Disney purchase appearing to be the most likely. Should a sale to Disney become a reality, it raises the interesting possibility of a return to Disney for either or both of Candle Media's CEOs.
Puck says that Disney and a rep for Mayer and Staggs declined to comment.
Read the full article at Puck.
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