During the earnings call, Walt Disney’s Chief Financial Officer Hugh Johnston said the company would lay out positive earnings from the India business consolidation once the merger deal is closed
The company has attributed the losses to higher programming and production cost attributable to the timing of the ICC T-20 World Cup
A voting of shareholders on Wednesday saw votes cast against attempts by ‘activist investors’ to remove Bob Iger as the CEO
We get to have a chance of growing a business and lowering the risk of doing so, said Iger while speaking at an event recently
Walt Disney has said revenue from linear network in entertainment was down by 12% from the previous fiscal due to lower advertising and affiliate revenues
The top exec also said that ABC—the flagship property of Disney— is not for sale
Disney+ Hotstar subs went down this quarter as the company adjusted the product from one centred on IPL to one balanced with other offerings, said financial chief Kevin Lansberry
As per reports, Bob Iger has brought back Mayer along with Tom Staggs as advisors for the network’s TV business
Hollywood actors announced that they will join the ongoing strike by screenwriters, leading to the biggest shutdown in more than 60 years
The company has said the extension will give Iger ‘more time to execute a transition plan for the CEO succession'
Disney Plus has reported that its streaming losses have reduced by $400 million in the second quarter; the subscriber count for Disney+Hotstar has dipped by 8% in Q2
The others on the list include Kevin Mayer of Candle Media and Disney Co-Chairman Dana Walden
CEO Bob Iger has said the company will reduce workforce by 7,000 jobs
Iger has also said that the restructuring will see the departure of Disney Media and Entertainment Distribution Chairman Kareem Daniel
According to the company statement, Iger will be 'more uniquely suited' to lead the company during its crisis period, following falling stocks and lacklustre earnings this year
The Group will also bring together Publicis' 80,000 employees on the Marcel platform
Mayer has also been appointed as Chief Operating Officer of ByteDance, TikTok's parent company
Chapek, who was earlier heading the Parks division, will take over from Iger, who will continue as the executive chairman at Disney
The existing Hotstar VIP/Premium services will be rebranded as Disney+Hotstar