Disney boss Bob Iger’s plans to shake up entertainment giant will take center stage as he unveils first half results
Disney boss Bob Iger’s plans to shake up the entertainment giant will be brought into focus when he reveals first-half results this week.
Iger, who was parachuted back to Disney in November after previously running the company for 15 years, has already unveiled plans to cut 7,000 jobs and £4.4bn in costs.
In focus: Theme parks remain a bright spot, but the Disney+ streaming platform faces an uphill battle
Theme parks remain a bright spot, but the streaming platform Disney+ faces an uphill battle after recent price hikes have scared viewers out of money. It lost 2.4 million subscribers last quarter, partly due to the loss of online rights to cricket’s Indian Premier League.
Iger is under pressure to sell or spin off his ESPN sports television unit, which has been damaged by customers canceling cable subscriptions.
He’s also pledged to look into his television and movie business — especially programming outside of franchises like Marvel and Star Wars.
Analysts expect earnings to fall by about a tenth.