Disney’s stock price has declined in recent days following chief executive Bob Iger’s statements that networks like ABC no longer constitute the company’s “core” business, and there were possibilities of selling such businesses. In a July 13 interview with CNBC, Mr. Iger was asked whether the company would consider selling its TV networks, including American…
Disney Stock Falls as CEO Expresses Apprehension About Future of Networks Like ABC
‘Not Normal’ Disney World Crowd Size Draws Response From CEO
Disney CEO Bob Iger responded to reports showing that Disney World’s wait times for rides and attractions have dropped this summer, suggesting that fewer people are going to the theme park. In a comment to CNBC this week, Mr. Iger was asked about the trend, and he attributed it to an overall slump in tourism…
Disney to Combine Hulu, Disney+ Content Into ‘One-App Experience’: Bob Iger
Disney plans to combine content from Hulu with Disney+ to form a single streaming app available across the United States by the end of the year, Disney CEO Bob Iger said on May 10. Iger announced the plans during Disney’s second-quarter earnings call, describing it as a “significant step toward creating a growth business,” and…
Disney’s Iger Reveals He Doesn’t Want to Stay on as CEO Much Longer
Disney CEO Bob Iger said he doesn’t want to stay on as the company’s chief executive any longer than two years, with his remarks coming as the company announced it would cut $5.5 billion in costs and slash 7,000 jobs. Iger told CNBC’s “Squawk on the Street” on Thursday that he plans to to stay…
Disney to Lay Off 7,000 Workers as CEO Iger Revamps to Restore ‘Creativity,’ Cut Costs
Disney CEO Bob Iger revealed on Wednesday that around 7,000 employees will be laid off as the entertainment firm seeks to cut expenses, restore a focus on creativity, and chase profitability. Iger said that the goal of Hollywood’s most influential studio is to save $5.5 billion in costs, with $3 billion coming from content and…
Bob Iger Returning as Disney CEO Less Than One Year After Retiring, Chapek Steps Down
The Walt Disney Company announced late Sunday that former Chief Executive Officer Bob Iger will return to his position for two years, effective immediately, less than a year after he retired. In a press release, the Walt Disney Company Board Of Directors said that Iger, who spent more than 40 years at the company and served as Disney CEO…
Elon Musk Isn’t the First: Disney ‘Almost’ Bought Twitter Until Bob Iger Noticed These Red Flags
As Tesla Inc. Elon Musk fights a legal battle to steer clear of the deal with Twitter, Inc., another executive reminisced about his interest in the social media platform years ago and what kept him from going ahead with a deal. What Happened Back in 2016 when the board of the Walt Disney Company was convinced of…
Former Disney CEO Bob Iger Takes Stake in This $40 Billion Design Company
Bob Iger, the former CEO of Walt Disney Co., has acquired a stake in Australian design company Canva, according to CNBC. More than 75 million customers use the company’s software every month. In addition, after raising funds in September, Canva is now valued at $40 billion. Talking about the new development, Canva spokesman Lachlan Andrews…
Disney Chair Discusses Exit Plans, Strategic Acquisitions
The Walt Disney Co (NYSE:DIS) Chair and former CEO Bob Iger began thinking about stepping down as CEO after feeling he was becoming too dismissive of other people’s opinions, CNBC reports. Iger, 70, is leaving Disney after running the company from 2005 – 2020. Iger stepped down in 2020 as CEO, replaced by Bob Chapek. Iger stayed…
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