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Disney delights, consumer earnings, jobless claims

investing.com Investing.com -- Walt stock jumps as the company's streaming loss narrows and CEO Bob Iger flags a dividend restart. Pepsi, Unilever, and BAT, all forecast weak outlooks for…

The Ratings Game: Disney is undergoing a ‘drastic evolution’ in streaming, and more changes could be afoot

marketwatch.com Efficiency themes have been winning the day on Wall Street, and Walt Disney Co. Chief Executive Bob Iger is garnering praise for bringing more discipline to the media giant.…

Disney Q1 results beat estimates as theme parks shine; announces 7,000 job cuts

investing.com Investing.com -- Walt (NYSE: ) became the latest big employer to cut thousands of jobs, as returning CEO Bob Iger moved to ease pressure from shareholders unhappy at the…

Disney CEO Bob Iger wastes no time putting turnaround plans in place after a solid quarter

cnbc.com reported a stronger-than-expected fiscal 2023 first quarter after the closing bell Wednesday, and Bob Iger struck the right tone on his first conference call since returning…

Bob Iger Gets Blunt: Hollywood Can’t Give Up on the Old Until the New Starts Making Real Money

variety.com Bob Iger returned to the throne that he had only briefly vacated in dramatic fashion on Wednesday, presiding over his first quarterly earnings report since coming back as…

ESPN Is Sent on New Trajectory at Disney

variety.com After committing billions over the past few years to snare valuable sports rights, Disney is signaling it might play a more careful game when it comes to ESPN. Disney on…

'Toy Story' and 'Frozen' sequels in the works, Disney CEO reveals

foxnews.com Disney is expanding its animated movie category with new films from some favorite franchises. Disney CEO Bob Iger announced on an earnings call Wednesday that "Toy Story,"…

‘No one is immune’: Activist investors target tech companies after stocks dive

marketwatch.com Tech companies, whose stocks were battered in 2022, now face another beating of sorts: They’re drawing the focus of activist investors, who see a chance to get in at cheaper…

Disney plans to cut 7,000 jobs and reward shareholders

cnn.com Disney said it would cut 7,000 jobs from its global workforce, part of a multibillion-dollar cost-cutting initiative aimed at streamlining the company’s operations in a…

Disney to cut 7,000 jobs as CEO Bob Iger seeks "transformation"

cbsnews.com The Walt Disney Co. said Wednesday it will cut about 7,000 jobs as part of a "significant transformation" announced by CEO Bob Iger. The job cuts amount to about 3% of the…

Disney’s Iger reveals 7,000 layoffs in restructuring move

chicagotribune.com Disney World CEO Bob Iger revealed plans Wednesday to lay off 7,000 workers, about 3% of its global workforce of 220,000 as of October. In his first public financial report…

Disney Earnings: Why Disney+ Suffered First-Ever Decline In Subscribers

forbes.com No streamer is immune from the subscription losses that have plagued the services in the post-COVID era. But Disney knew going into today’s fourth quarter earnings call that…

Disney to cut 7,000 jobs as it slashes costs and reorganizes

cnbc.com Disney said Wednesday it is planning to reorganize into three segments, while also cutting thousands of jobs and slashing costs. The media and entertainment giant said it…

Earnings Results: Disney stock soars as Iger plans 7,000 job cuts in return to earnings stage

marketwatch.com Walt Disney Co. Chief Executive Bob Iger returned to the earnings stage Wednesday and delivered a big beat, largely thanks to improving financial results at Disney’s theme…

Disney+ Drops 2.4 Million Subscribers in First Loss, Bob Iger Heralds ‘Significant Transformation’ Underway

variety.com Disney+ lost a net 2.4 million subscribers in the last three months of 2022 — marking the streaming service’s first decline since launching in late 2020 — while the Mouse…

Bob Iger Calms Disney Investors Down

vanityfair.com It’s almost like he never left. Bob Iger was back in the CEO seat for Disney’s quarterly earnings call on Wednesday, his first since returning from retirement to lead the…

Disney Is The Latest Entertainment Giant To Announce Massive Layoffs

looper.com Learn More Disney Is The Latest Entertainment Giant To Announce Massive Layoffs Disney is a gargantuan company with so much to it that it's a wonder it hasn't buckled under…

Disney to Lay Off 7,000 People Amid Massive Subscriber and Revenue Losses

adweek.com Did someone say Andy Cohen? Join industry veterans and emerging voices at Convergent TV March 21-22 and upgrade your media strategy. Register now to save 35%. Even the House…

Bob Iger Outlines New Disney Org Structure, With 7,000 Layoffs Planned

hollywoodreporter.com With CEO Bob Iger back at the helm, the new organizational structure of The Walt Disney Co. is taking shape, with 7,000 layoffs planned. On Wednesday the executive outlined…

Inside the Disney drama as CEO Bob Iger announces massive layoffs and a reorg that dismantles the structure under predecessor Bob Chapek

businessinsider.com Disney CEO Bob Iger. Photo by Kimberly White/Getty Images for Vanity Fair Bob Iger returned to Disney as CEO in November, ending Bob Chapek's rocky tenure. Iger announced…

Newly returned Disney CEO Bob Iger is cutting 7,000 jobs and reorganizing the company

businessinsider.com Iger. Photo by Drew Angerer/Getty Images Disney CEO Bob Iger announced layoffs on Wednesday. 7,000 jobs will be cut. Iger returned as CEO in November. Disney CEO Bob Iger is…

Disney plans layoffs, restructuring as streaming business declines

adage.com Losses in the streaming business more than doubled to $1.05 billion from a year earlier, but that was better than management had forecast three months ago. “The work we are…

Iger’s Disney Reorg: Dana Walden and Alan Bergman to Co-Run All TV, Film and Streaming; ESPN Becomes Standalone Unit

variety.com Disney CEO Bob Iger has implemented a sweeping reorganization of the company’s operations, creating a Disney Entertainment business unit to be led by Dana Walden and Alan…

Disney to shed 7,000 jobs as Iger seeks $5.5 billion in savings

siliconvalley.com By Thomas Buckley | Bloomberg Walt Disney’s Chief Executive Officer Bob Iger announced plans for a dramatic restructuring of the world’s largest entertainment company that…

Bob Iger announces 7,000 layoffs at Disney, signals 'significant transformation'

latimes.com Bob Iger, in his first earnings call since returning to the company, announced Walt Disney Co. will shed 7,000 jobs as part of a broader effort to save $5.5 billion in…

Disney to cut 7,000 jobs in Iger's company 'transformation'

marketbeat.com The Walt Disney Co. said Wednesday it will cut about 7,000 jobs as part of a “significant transformation” announced by CEO Bob Iger. → Know Your Profit Potential BEFORE You…

Disney To Reinstate Dividend By Year End

deadline.com Disney CEO Bob Iger said the company has asked its board to reinstate the dividend by the end of the calendar year. The payouts, beloved by investors, especially Disney’s…

Disney Will Reinstate Dividends, Cut 7,000 Jobs As Bob Iger Hones In On Bottom Line

forbes.com Disney CEO Bob Iger outlined his plan to turn around the entertainment behemoth in the first quarterly earnings call since his return, laying out a plan to save $5.5 billion…

‘Toy Story,’ ‘Frozen’ and ‘Zootopia’ Sequels in the Works, Says Bob Iger

hollywoodreporter.com Disney is doubling down on its animated franchises. Disney CEO Bob Iger teased that more installments are in the works for Toy Story, Frozen and Zootopia. On an earnings…

Dana Walden and Alan Bergman to Run New Disney Entertainment Unit

thewrap.com Bob Iger has announced a bold restructuring of the company, with Alan Bergman and Dana Walden becoming co-chairmen of Disney Entertainment. He also reiterated the roles of…

Disney Reorganizes Into Three Segments, Entertainment, ESPN & Parks

deadline.com Disney is reorganizing its sprawling businesses under three core segments — Entertainment, ESPN and Parks, Experiences & Products — as CEO Bob Iger moves to restructure the…

Disney is laying off 7,000 workers and restructuring to reduce costs in a major shakeup following the return of CEO Bob Iger

fortune.com Walt Disney Co., reporting results for the first time since Bob Iger returned as CEO, posted first-quarter profit that beat Wall Street estimates, thanks to a strong…

Disney+ Loses 2.4 Million Subscribers but Beats Expectations as Ad Plan Joins Lineup

thewrap.com Disney+ helped its parent company beat Wall Street expectations in its first-quarter earnings report for 2023, where the streaming service saw a smaller net decrease in…

Disney's 1Q results fueled by growth at its theme parks

marketbeat.com The Walt Disney Co.'s latest quarterly results topped Wall Street's forecasts, as solid growth at the entertainment giant's theme parks helped offset tepid performance in…

Disney Cuts Thousands Of Jobs Amidst Latest Restructuring & Costs Trimming

deadline.com The Walt Disney Company will be laying off thousands of employees as a part of a new round of cost cutting measures, CEO Bob Iger revealed today. Speaking on the House of…

Dana Walden & Alan Bergman To Oversee New Disney Entertainment Unit

deadline.com Disney is moving back closer to how things used to be run on the content side with the creation of a new Disney Entertainment unit that will encompass TV and film. This new…

With Traditional TV in Free Fall, Disney Looks to Cut Costs

nytimes.com Robert A. Iger gave Disney’s corporate critics the equivalent of a punch in the mouth on Wednesday. In his first earnings report since he came out of retirement to retake…

Disney CEO Bob Iger Says Company “Embarking On A Significant Transformation” As Parks Power Quarterly Financials, Streaming Losses Narrow

deadline.com As Disney reported better-than-expected financials for the fiscal first quarter, CEO Bob Iger said the company is “embarking on a significant transformation” that will…

Disney Earnings: Iger’s Comeback Highlighted By Disney+ Subscriber Losses And An Improving Bottom Line

forbes.com Disney shed subscribers in its key Disney+ unit but impressed financially in the company’s first quarterly earnings report since the return of CEO Bob Iger, as the…

Troubled Disney needs new Ant-Man sequel to ignite successful launch of MCU’s Phase 5 amid recent critical bombs and Q1 results

fortune.com A lot is riding on ‘Ant-Man & The Wasp: Quantumania‘ once it enters theaters next Friday. The third installment of the titular hero played by Paul Rudd kicks off Phase 5 of…

DeSantis Set To Control Disney World’s Special District Under New Bill

forbes.com Florida lawmakers are expected to pass legislation as soon as this week that would overhaul the special district that oversees Walt Disney World by giving Gov. Ron DeSantis…

Disney will report earnings for the first time since Bob Iger's return

cnbc.com Bob Iger poses with Mickey Mouse attends Mickey's 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles. LOS ANGELES – While shareholders will still be…

Bob Iger Faces Disney+ Losses, the Hulu Question and a Feisty Foe on Eve of Q1 Earnings Report

thewrap.com The company’s quarterly report Wednesday, the first under the returning leader, comes as the entertainment giant looks to fend off activist investor Nelson Peltz As of Oct.…

Disney’s Earnings, Reorganization Represent Early Test for CEO Robert Iger

wsj.com Robert Iger returns to center stage under a bright spotlight Wednesday to present Walt Disney Co.’s quarterly results and, more important, a vision for the company. On the…

Earnings Outlook: Disney earnings: What to expect

marketwatch.com Walt Disney Co. is locked in a nasty proxy fight with an activist investor as it prepares for its first earnings report since the return of its longtime CEO. Just another…

Disney needs to show it has a plan to make streaming profitable

cnbc.com reports fiscal first-quarter earnings after the closing bell Wednesday, we'll be looking to see how the entertainment giant plans to rein in spending, while also forging a…

Thwarted Meetings, a Sailing Trip Excuse and an Angry Investor: Why Activist Nelson Peltz Threatens to Disrupt Bob Iger’s Disney Comeback

variety.com Bob Iger is gearing up to take the earnings stage on Feb. 8 for his first quarterly report and public Wall Street conference call since his surprise return to the Disney CEO…

Disney investors await CEO Iger's revival plan with results on tap

reuters.com CEO Bob Iger is expected to discuss a turnaround plan on Wednesday, when the media company delivers its first quarterly results since the return of the executive who built…

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