Disney’s direct-to-consumer business generated $5.3 billion in first-quarter revenue, marking a 13% increase year-over-year.
"We will focus even more on our core brands and franchises, which have consistently delivered higher returns," Iger also said on the call. "We will aggressively curate our. We will reassess all markets we have launched in and also determine the right balance between global and local content. We’ll adjust our pricing strategy, including a full examination of our promotional strategies.
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Disney stock gains as Bob Iger's earnings return produces a beat despite Disney+ disappointmentDisney Chief Executive Bob Iger returned to the earnings stage Wednesday and delivered a big beat, largely thanks to improving financial results at $DIS’s theme parks, but Disney+ subscribers declined more than expected.
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Disney to cut 7,000 jobs part of company restructuring, CEO Bob Iger announcesThe Walt Disney Company will slash 7,000 jobs in an effort to cut costs and will be restructured into three core business segments, CEO Bob Iger revealed Wednesday during the company's first quarter earnings call. They went woke! Well their stock has been in the tank I think this is misinformation. Last night, Joe Biden said the economy is great.
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