reaffirmed the company’s longstanding guidance to investors that its streaming business will become profitable by the end of fiscal 2024.
As the company last year confronted a tough economic climate and took stock of its heavy spending on content as well as the loss of cricket rights in India, it lowered its targets for subscribers to flagship. The updated number is between 215 million and 245 million, from 230 million to 260 million. It reiterated its plan to turn a profit by the end of fiscal ’24, but many Wall Streeters began to openly question whether the company could hit that mark.
As it pursues its streaming goals, Iger said, “We will focus even more on our core brands and franchises, which have consistently delivered higher returns.” Other priorities will be addressing pricing, local content and promotions.
RobertIger hey guy when people are let go in the thousands from companies like yours they are going to not pay for streaming services. You see the problem?
In a soon to be released denial ; Disney CEO Bob Iger refutes reports that the 3000% price increase for its streaming service is to make it profitable Saying , prices have nothing to do with profit
What happens when parents decide to cancel cause they’re sick of the indoctrination?
Does anyone believe this anymore?
I wonder how this will affect marvel and the MCU moving forward.
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Disney earnings: CEO Bob Iger tackles cuts and the fate of Hulu and ESPNDisney CEO Bob Iger has 'very little room for maneuver' as he tackles layoffs, budget cuts, a company reorg, and questions over the future of Hulu and ESPN Got WOKE? Yep. Or they could stop being so woke and just make cartoons again.
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