Tag: iger
Disney’s Bob Iger Asks Florida If It Wants More Mouse Money or Not
Key Words: There may be fewer Marvel sequels in Disney’s future, CEO Bob Iger says
Bob Iger Talks Marvel Sequelitis and Star Wars’ Movie Future
During the Morgan Stanley Technology, Media and Telecom Conference, Bob Iger participated in a Q&A and was asked about his notable acquisitions during his previous term as Disney’s CEO. On the current slate of Marvel and Star Wars projects, Iger discussed that the franchises future are always on his mind, “I think a…
MarketWatch First Take: Disney’s Iger returns, and gives Wall Street what it wants. Is it enough?
Earnings Results: Disney stock jumps as Iger plans 7,000 job cuts in return to earnings stage
Bob Iger Announces 7,000 Layoffs As Disney+ Loses Subscribers
Disney’s streaming business continued to bleed cash, losing more than $1 billion during the three months that ended in December. Nonetheless, Disney reported earnings and revenues that beat Wall Street estimates. The company generated sales of $23.5 billion, up 8% from the same quarter a year ago. Analysts on average had been expecting $23.4 billion in revenue. Disney’s profit was $1.28 billion, up 11%. The Burbank entertainment giant’s earnings of 99 cents a share exceeded projections of 78 cents. “After a solid first quarter, we are embarking on a significant transformation, one that will maximize the potential of our world-class creative teams and our unparalleled brands and franchises,” Iger said in a statement. “We believe the work we are doing to reshape our company around creativity, while reducing expenses, will lead to sustained growth and profitability for our streaming business, better position us to weather future disruption and global economic challenges, and deliver value for our shareholders.”
Last November, Disney reappointed Iger as CEO after Iger’s hand-picked successor as CEO, Bob Chapek, came under fire for his management of the entertainment giant.
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