Iger says he won't sell Disney to Apple in his first town hall after CEO shake-up

Disney has a rocky track record when it comes to succession planning. Can Iger defy the company’s own history?Ahead of the highly anticipated town hall, Iger shook hands with division heads at the company and smiled at employees while pop covers of Disney classics, including “Once Upon a Dream,” played in the background.Among Iger’s key points: Disney is powerful enough to compete on its own.

He also downplayed the idea of pursuing more acquisitions — like the ones he orchestrated for Pixar, Marvel, Lucasfilm and 21st Century Fox) — saying he thought the company’s collection of brands was strong enough already.with mere subscriber growth at its streaming service, Disney +, which had been the focus of investors and analysts when he stepped down in early 2020.

Disney’s stock has dropped about 40% since January. During the fourth fiscal quarter, Disney’s streaming business lost $1.5 billion, even as Disney+ gained 12 million subscribers to reach a total of 164 million. Disney’s stock fell 3% to $96.14 in early trading Monday. He noted that investors now want streaming to be profitable and that it’s the company’s responsibility to deliver value to shareholders. In terms of the content Disney produces, Iger returned to his emphasis of quality over quantity.. Last week, he ordered a restructuring of the company to undo the way Chapek had reorganized the business. Chapek’s reorganization split content decisions from distribution strategy — severing decisions over what gets made from how it gets seen.

Isn't that kind of up to the Board of Directors? Everything is for sale. Ask Twitter!

lots of noise in the cage

Buying more Disney stocks now … 😂

Liar!

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Disney CEO Iger Shuts Down Apple Merger Rumors, Sticks By Hiring FreezeA merger between Apple and Disney is “pure speculation,” Iger said, as he looks to right the ship at Disney, whose stock is down nearly 40% year-to-date. Huntsville, AL has been voted the 1 place to live in the U.S. let me help with your investment to our bright future! -Shantella Wright, Realtor
Source: Forbes - 🏆 394. / 53 Read more »

Disney hiring freeze will stay in place, CEO Iger tells employeesDrop it like it’s hot🔥🔥 Good
Source: CNBC - 🏆 12. / 72 Read more »

Disney CEO Robert Iger at Town Hall Vows to Focus on CreativityRobert Iger plans to maintain Disney's hiring freeze and said he will focus on profitability at the company's streaming services rather than new subscribers You can't focus on 'profitability' and be 'woke' at the same time.
Source: WSJ - 🏆 98. / 63 Read more »

New Disney CEO calls 'pure speculation' a rumored Apple dealOn his first day back at Disney, the now-CEO Bob Iger called 'pure speculation' a possible merger or deal with Apple. that's a really weird way of phrasing that headline
Source: BGR - 🏆 234. / 63 Read more »

Disney pulled some funky tricks to make Disney Plus look like it's losing less moneyShows originally billed as Disney Plus originals reportedly found themselves shunted elsewhere, to avoid putting their costs on the service's tab
Source: TheAVClub - 🏆 340. / 59 Read more »

Apple releases new Oceanic+ diving app for Apple Watch UltraOceanic+ is now available to Apple Watch Ultra users. It gives lots of data when users decide to scuba diving. Here's what you need to know.
Source: BGR - 🏆 234. / 63 Read more »