With Walt Disney‘s months-long proxy war with activist investor Nelson Peltz in the rear-view mirror, attention is refocused on finding CEO Bob Iger‘s successor. The board has extended Iger’s retirement date five times, continually deferring decisions about finding a replacement. Disney board members sought to reassure investors, ahead of Wednesday’s shareholder vote, that this time … Read more
Walt Disney Co. CEO Bob Iger vowed to make its streaming services profitable via a planned October price hike on its ad-free Disney+ and Hulu plans and a crackdown on password sharing expected to extend through next year. The increases will raise the monthly cost of ad-free Disney+ by $3, or roughly 27%, to almost … Read more
Bob Iger‘s urgent need to overhaul Disney – to turn its streaming division into a profitable enterprise and pull back on its troubled traditional television business – came into sharp relief Wednesday. Disney’s streaming operation lost $512 million in the most-recent quarter, the company said, bringing total streaming losses since 2019, when Disney+ was introduced, … Read more