Disney has a rocky track record when it comes to succession planning. Can Iger defy the company’s own history?Ahead of the highly anticipated town hall, Iger shook hands with division heads at the company and smiled at employees while pop covers of Disney classics, including “Once Upon a Dream,” played in the background.Among Iger’s key points: Disney is powerful enough to compete on its own.
He also downplayed the idea of pursuing more acquisitions — like the ones he orchestrated for Pixar, Marvel, Lucasfilm and 21st Century Fox) — saying he thought the company’s collection of brands was strong enough already.with mere subscriber growth at its streaming service, Disney +, which had been the focus of investors and analysts when he stepped down in early 2020.
Disney’s stock has dropped about 40% since January. During the fourth fiscal quarter, Disney’s streaming business lost $1.5 billion, even as Disney+ gained 12 million subscribers to reach a total of 164 million. Disney’s stock fell 3% to $96.14 in early trading Monday. He noted that investors now want streaming to be profitable and that it’s the company’s responsibility to deliver value to shareholders. In terms of the content Disney produces, Iger returned to his emphasis of quality over quantity.. Last week, he ordered a restructuring of the company to undo the way Chapek had reorganized the business. Chapek’s reorganization split content decisions from distribution strategy — severing decisions over what gets made from how it gets seen.
Isn't that kind of up to the Board of Directors? Everything is for sale. Ask Twitter!
lots of noise in the cage
Buying more Disney stocks now … 😂
Liar!
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