Walt Disney Co's quarterly revenue growth is expected to hit its lowest in nearly two years, underlining the hurdles that Chief Executive Bob Iger faces in revitalizing a company that is now caught in what could be a long strike by Hollywood writers.
An inflatable Disney+ logo is pictured at a press event ahead of launching a streaming service in the Middle East and North Africa, at Dubai Opera in Dubai, United Arab Emirates, June 7, 2022. REUTERS/Yousef Saba/File Photoquarterly revenue growth is expected to hit its lowest in nearly two years, underlining the hurdles that Chief Executive Bob Iger faces in revitalizing a company that is now caught in what could be a long strike by Hollywood writers.
Disney is also embroiled in a legal fight with Florida Governor Ron DeSantis over state efforts to control Disney World. Last week, DeSantis signed a bill into law that gives a new board he controls the power to void development agreements its predecessor body signed with Disney. "Yet on a long enough timeline, the slowdown of new content would likely lead to an increase in churn at a time when every major media player is striving for streaming profitability."
The streaming unit's operating loss is expected to widen to about $750 million from a loss of nearly $670 million a year earlier.
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