Michael Ovitz | DISNEY THIS DAY | August 14, 1995

On this day in 1995, The Walt Disney Company appointed Michael Ovitz as president under CEO Michael Eisner, filling the vacancy left by Frank Wells’ untimely passing in 1994. Ovitz was lured away from the Creative Artists Agency, which he helped to found in 1975. Sadly, the move would not last. Ovitz was not an ideal fit with the Disney culture, and he struggled to share power with Eisner. Ultimately, Ovitz was fired after 14 months with a $130 million severance package. [30 years ago in 2025] Don't miss Daps Magic's official weekly YouTube show Geeks Corner here: https://www.youtube.com/playlist?list=PLAF91C7183BAB676B Visit Daps Magic: https://dapsmagic.com Join Our Patreon Community: https://patreon.com/dapsmagic Daps Magic was created by a very special group of Disney Fans who had a dream for a place on the internet where people young and old could share their love of Walt Disney and his legacies in a safe and fun atmosphere.