Disney CEO says company will 'quiet the noise' in culture wars

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Walt Disney CEO Bob Iger told investors the company will"quiet the noise" in a culture war that has pitted social conservatives against the global media and entertainment conglomerate, according to an analyst note on Wednesday.

Several countries last year blocked the release of the Pixar Animation Studios film “Lightyear,” which depicts a same-sex couple sharing a brief kiss. It is unclear how much of the $60 billion in new investment in parks will be spent in Florida, where Disney faces increased competition from rivals such as Universal Orlando Resort. Iger previously said the company planned to spend $17 billion in investment at Walt Disney World over the next 10 years.

“Our primary mission needs to be to entertain ... and to have a positive impact on the world,” Iger said at the time. “I’m very serious about that. It should not be agenda-driven."

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.

Disney CEO says company will 'quiet the noise' in culture warsWalt Disney CEO Bob Iger told investors the company will 'quiet the noise' in a culture war that has pitted social conservatives against the global media and entertainment conglomerate, according to an analyst note on Wednesday. Iger’s brief statement, included in an analyst report from Needham media analyst Laura Martin, was part of an investors’ presentation on Tuesday at Walt Disney World Resort in Orlando, Florida, in which the CEO also announced Disney will double its investment in theme parks and cruise ships over the next decade.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »