- 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.
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