As the Walt Disney Company marks its 100th anniversary, CEO Bob Iger faces challenges in reversing the slide of the company's stock that's trading near 9-year lows.
As the Walt Disney Company marks its 100th anniversary on Monday with events at its theme parks and through its media channels, efforts by CEO Bob Iger to turn around the entertainment giant are facing headwinds. Iger, who in November 2022 returned to the role of Disney CEO that he previously held from 2005 to early 2020, is considering options that could take the company in new strategic directions.
The future of Disney’s media assets is under review, with Iger telling CNBC over the summer that broadcast station ABC and cable channels like ESPN "may not be core to Disney" and could be offloaded.
Disney is also making changes to its streaming platforms which have generated losses despite significant investment. Last week, the company implemented previously announced price hikes for the ad-free versions of Disney+ and Hulu while keeping prices for the standalone, ad-supported plans at $7.99 a month. Iger said on an earnings call in August that the ad market for streaming services is "picking up.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Willow Star Calls Out Disney For "Embarassing" Removal Of Sequel Show From Disney+Willow star Warwick Davis calls out Disney for their "embarrassing" decision to remove the sequel show from their Disney+ content library.
Baca lebih lajut »
Disney turns 100. A timeline of key eventsWalt Disney Co. is celebrating its 100th anniversary on Oct. 16. Here's a timeline of key events in the Burbank company's history.
Baca lebih lajut »
PennLive’s Bob Flounders and Dave Jones recap Penn State-UMass: videoHear the post-game wrap-up from Pennlive's Bob Flounders and Dave Jones on the game.
Baca lebih lajut »
Bob Dold: We cannot forget or forgive Hamas’ atrocitiesAmerica must stand with Israel. I hope every leader in Illinois recognizes that we can’t forget the atrocities the Jewish people faced in the past.
Baca lebih lajut »
Rumor has it Tammy Murphy wants the Senate seat now occupied by Bob MenendezPhil Murphy gave a non-denial denial when he was asked on a radio call-in show whether he will name his wife to the seat now occupied by indicted Senator Bob Menendez
Baca lebih lajut »