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Disney’s latest quarterly earnings call happened on February 7th, 2024. Disney CEO Bob Iger revealed a LOT about the future of The Walt Disney Company, but there were a few notable exceptions. Although Disney still hasn’t answered some of our major questions, we do have an update on the company’s FOUR biggest priorities, which were first introduced during Disney’s 2023 Q4 earnings call. Let’s see how those plans are taking shape!
The Walt Disney Company is no stranger to criticism, but recently CEO Bob Iger participated in an interview on CNBC with David Faber to address a variety of recent topics that have been making headlines.
Magic Kingdom
During the interview on July 13th, Iger commented on The Walt Disney Company’s plans for the future and addressed some recent news, including the fact that Bob Iger is set to remain CEO through 2026. Here’s what Bob Iger had to say.
The Walt Disney Company is in the middle of a huge restructuring endeavor. Since late-2022, we’ve seen some big changes both in the Disney parks and on The Walt Disney Company executive board. Lately, it feels like things are changing at warp speed, and now we’ve got another update to share.
Magic Kingdom
Recently, Disney has been under intense scrutiny. CEO Bob Iger’s comments on the future of the Disney brand indicate he has plans to make some big changes, including a large round of layoffs. We’ve already seen 7,000 job cuts announced, and information about who may or may not be impacted. And now we’ve got more news.
Bob Iger is back as Disney’s CEO after Bob Chapek stepped down. Disney fans, investors, and shareholders all have high expectations for this shift in leadership, and Iger’s near-hero status to those groups might make his return more difficult than some expect.
Bob Iger
After disappointing streaming results in the last couple of quarters, execs are looking for someone to swoop in and make Disney+ profitable by the company’s promised deadline. Fans are looking for more “magic” and fewer price increases in the theme parks. Investors want to see strong results and profits from all aspects of the company. The Walt Disney Company Board of Directors wants a solid plan for Iger’s successor after his 2-year contract is up. Can Iger meet all of these expectations?
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