Disney boss Bob Iger’s plans to shake up entertainment giant will be in focus when he unveils first-half results
Disney boss Bob Iger’s plans to shake up the entertainment giant will be thrown into focus when he unveils first-half results this week.
Iger, who was parachuted back into Disney in November having previously run the business for 15 years, has already unveiled plans to cut 7,000 jobs and £4.4 billion in costs.
In focus: Theme parks continue to be a bright spot but the Disney+ streaming platform faces an uphill battle
Theme parks continue to be a bright spot but the Disney+ streaming platform faces an uphill battle after recent price hikes put off cash-strapped viewers. It lost 2.4 million subscribers last quarter, partly as a result of missing out on online rights to cricket’s Indian Premier League.
Iger is under pressure to sell or spin off its ESPN sports television unit, which has been hurt by customers cancelling cable subscriptions.
He has also promised to look at its television and film operations – especially programming outside of franchises such as Marvel and Star Wars.
Analysts said they expect earnings to fall by around a tenth.
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