food IS a theme park
Disney CEO Bob Iger has shared that improving streaming at Disney was his number one priority, and we’ve seen significant changes since his return.
©Disney
But, just how close is Iger to achieving his goal of making streaming profitable? We learned quite a bit during Disney’s most recent earnings call — including the not-so-great news that Disney+ had lost 1.3 million core subscribers over the last quarter. And yet, Iger doesn’t seem to be worried at all — here’s why.
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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!
When you think of the Disney parks what comes to mind? Maybe it’s an image of Cinderella Castle, hours-long lines for Star Wars: Rise of the Resistance, or money flying out of your bank account as you pay for that hotel stay. 😂 But how are the Disney parks ACTUALLY doing financially?
Disney’s Hollywood Studios
We’ve seen some interesting financial reports on the parks in recent years. Though the parks have often been the highlight of Disney’s earnings call (bringing in some BIG bucks in prior years), we have seen recent reports showing disappointing results in Disney’s Florida parks (which it has partially blamed on the Star Wars Hotel). So what’s the latest update? We’ve got it right here for you.
Disney CEO Bob Iger has many things he’s got to tackle before his time at Disney is up, but one thing in particular has been a huge focus for him — making streaming profitable.
©Disney
Iger previously indicated that improving streaming at Disney was his number one priority (though, since that time he has identified 4 big priorities at Disney — one of which is “achieving significant profit streaming”). So how is Iger coming along with that goal? Are things improving when it comes to Disney+ numbers or is there danger brewing in the Mouse House? Let’s find out.
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