Ex-Disney boss Bob Iger is making a shock return to the firm - less than a year after he retired.
He has been brought back by the media giant to steer it through turbulent times as the share price has plummeted and Disney+ continues to make a loss.
He replaces Bob Chapek, who took over as chief executive in February 2020.
Mr Iger, who headed the entertainment giant for 15 years, told the New York Times in January it was ridiculous to suggest he might return.
He has agreed to stay in the job for two years, during which time he aims to find a successor to lead the company.