The World’s Largest Media Companies In 2023: Comcast And Disney Stay On Top

📆 6/9/2023 6:40 AM
📰 Forbes

⏱ Reading Time:
39 sec. here
2 min. at publisher
📊 Quality Score:
News: 19%
Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

The Magic Kingdom has had a roller-coaster year in the middle of a political firestorm but posted strong enough results to remain in the top 100 of the Global 2000. Global2000

he return of a former CEO. A legal battle with the Florida government. The layoff of thousands of employees.

Less than one year after leaving, Bob Iger made a surprise return to Disney in November, replacing Bob Chapek as CEO. Shortly before Chapek stepped down, he warned employees about coming cost cuts, which Iger has seen through. During Disney’s first-quarter earnings call, Iger announced plans to cut $5.5 billion of annual expenses and 7,000 jobs.

Disney is also fighting competitors Comcast , Netflix , Warner Bros. Discovery , Fox and Paramount for subscribers to its streaming services Disney+, ESPN+ and Hulu.uses data from FactSet research to create its list of the largest public companies based on four data points: assets, market value, sales and profit. Market-value calculations are as of May 5, and include all common shares outstanding.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The World’s Largest Media Companies In 2023: Comcast And Disney Stay On TopThe World’s Largest Media Companies In 2023 The Magic Kingdom has had a roller-coaster year in the middle of a political firestorm but posted strong enough results to remain in the top 100 of the Global2000.
Source: Forbes - 🏆 394. / 53 Read more »