Iger's been CEO for 15 years and is on an amazing winning streak for Disney over the past few years. A Coronavirus-driven revenue miss would only be a one or two-quarter blip and it would impact the whole industry equally. No way that has anything to do with this.
Iger was clearly setting up a graceful exit in 22 months after a legendary career. Sadly, I suspect that it's a serious life-threatening illness or other unexpected personal crisis. The way it's been announced though it might be something like a serious illness with a spouse or immediate family member.
They do better than most other studios, but that's a declining segment. Also, it represents a very, very small part of Disney's overall revenue. If everyone literally stopped going to theaters tomorrow then Disney would still be earning billions a year.
Also, you can't blame the CEO for sales being down during an epidemic. No one else would do better.
Then no one subscribes to Disney+ streaming, and if no one buys Disney clothes or toys, and if no one goes on Disney Cruises, and if everybody stopped watching ESPN Sports or sports on ABC (including football). Then maybe... just maybe... Disney will start to have some issues.
Would be made up tenfold in streaming when everyone avoids public entertainment, with less middlemen, and tanking theatre sales would still be available as a convenient excuse if needed. It couldn't possibly be about virus fears.
That in theater revenue is about to tank because of virus fears? Then again I have no idea how much of Disney revenue occurs at the movies.