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Peltz, who called off his proxy fight with Disney in February after Iger committed to a $5.5 billion cost-cutting spree which included laying off 7,000 employees, has lost confidence in the CEO’s ability to turn the company’s fortunes around,In May, after Disney reported poor second-quarter earnings results, which stemmed mostly from its money-losing streaming division, Iger and Peltz spoke by telephone, according to The Journal.
The cost of ad-free Hulu will likewise rise $3 to almost $18 — a 20% hike that will make it more expensive than the most popular ad-free tier at Netflix.
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