Alisa Bowen, president of Disney+ since September 2022, is leaving this place to grow to be CEO of Fubo, the Web TV streaming service majority owned by Disney.
Fubo introduced Thursday that its board of administrators had named Bowen as CEO, efficient July 10. She succeeds David Gandler, co-founder of FuboTV who led the corporate as CEO for greater than a decade. Gandler can also be leaving Fubo’s board of administrators.
The CEO change comes after Disney and Fubo reached their deal final fall merging Hulu + Stay TV operations with Fubo, with Disney holding a 70% stake within the new firm.
It is unclear whether or not Disney will title a direct alternative for Bowen at Disney+. The media large now operates a unified streaming enterprise, led by Joe Earley and Adam Smith as co-presidents of Disney’s direct-to-consumer enterprise, sharing accountability for the technique and monetary efficiency of Disney+ and Hulu. Earley can also be answerable for content material technique for DTC, whereas Smith additionally stays chief product and know-how officer for Disney Leisure and for ESPN.
Bowen has held management roles at Disney for almost 10 years, most lately as president of Disney+. Beforehand, Bowen was a founding member of Disney’s streaming govt workforce, main the technique, growth and scaling of Disney+, Hulu and ESPN+. Earlier than becoming a member of Disney, Bowen held govt positions at Information Corp, Dow Jones and Thomson Reuters.
“Following the mixture with Hulu + Stay TV final 12 months, Fubo has reached a pivotal second in its strategic evolution, with a compelling pay TV platform, a robust content material portfolio and a singular integration into the Disney ecosystem,” stated Andy Hen, Fubo chairman, UK media director, former chairman of Walt Disney Worldwide and CEO of writer Pearson.
Hen continued: “Alisa’s appointment is the end result of a considerate course of led by the Board’s impartial administrators to seek out the subsequent chief to advance Fubo’s technique and efficiency. Alisa is a confirmed operator who brings almost 30 years of product, digital and operational expertise, together with main Disney+, Hulu and ESPN+. She has a longtime observe document of driving international subscriber development and profitability, and we sit up for it. to profit from his expertise and experience as Fubo enters its subsequent chapter.”
Bowen stated in an announcement: “I’m excited to guide Fubo into its subsequent section as we refine its sports activities, information and leisure technique, speed up development and drive profitability, whereas delivering even higher worth to Fubo and Hulu + Stay subscribers, our advertisers and our content material companions. I sit up for working intently with this gifted management workforce to strengthen Fubo as an business chief and create important worth for all of our shareholders.
Gandler stated in an announcement supplied by Fubo: “It has been an honor to guide Fubo since co-founding the corporate, and I’m extremely pleased with all the pieces our workforce has completed over the previous 11 years….I sit up for following the corporate’s continued development and success within the months and years to return.”
Bowen can also be anticipated to affix Fubo’s board of administrators, topic to board approval following the corporate’s annual shareholder assembly on July 28.
Bowen, 53, holds a bachelor’s diploma in public relations from the Royal Melbourne Institute of Know-how and an MBA with distinction from the London Enterprise Faculty.
Based on an SEC submitting by Fubo, Bowen’s annual base wage will likely be $1.575 million and he or she will likely be eligible to obtain an annual efficiency bonus, along with her goal bonus being 120% of her base wage and her bonus for 2026 to be prorated to mirror the portion of the 12 months she is employed on the firm.
Moreover, his employment contract additionally supplies that Bowen will likely be awarded, upon graduation of his employment, restricted inventory models of the corporate, valued at $3.5 million. This quantity will vest over three years after the grant date and “is meant to compensate Ms. Bowen for her unvested inventory awards that had been forfeited upon her termination of employment with Disney,” in response to Fubo’s submitting. Bowen will even obtain an annual inventory award for 2026 price $8 million plus a one-time bonus of $1.1 million if she stays employed with the corporate by way of Dec. 31, 2026.