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HomeTrading NewsDisney fires TV content chief Peter Rice in abrupt shake-up as board backs CEO Bob Chapek

Disney fires TV content chief Peter Rice in abrupt shake-up as board backs CEO Bob Chapek

Peter Rice, then-chairman and chief executive officer of Fox Networks Group Inc., speaks at the Milken Institute Global Conference in Beverly Hills, California, May 3, 2017.
David Paul Morris | Bloomberg | Getty Images

Disney has abruptly fired Peter Rice, its most senior television content executive, a source told CNBC Thursday.

It was not immediately clear what led to Rice’s sudden departure from the company. According the the New York Times, Rice was “an ill fit with Disney’s corporate culture.”

The firing comes as Disney is aggressively working to expand its streaming audience. Rice’s post oversaw 20th Television, ABC Entertainment, ABC News and FX, among other brands.

Dana Walden, who also made the transition from Fox to Disney, will take over his duties.

— CNBC’s Julia Boorstin contributed to this report.

This is breaking news. Please check back for updates.

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