Disney (DIS) published mixed fiscal fourth-quarter earnings on Wednesday, with revenue narrowly missing estimates under CEO Bob Iger’s new reporting structure for the media company’s segments. Iger is juggling a litany of tasks, from hiring a new CFO this week to staving off a proxy fight with activist investor Nelson Peltz, and managing a $7.5 billion cost-saving strategy.
Yahoo Finance Entertainment Reporter Alexandra Canal details what Iger is prioritizing, as stated in Disney’s earnings call, and how the Hollywood actors’ strike weighed on Disney and other studios.
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Unions just get too strong & productivity suffers!
Hate to say that but it’s generally true
But for a company like Disney that was shrinking operations, it was a gift…fewer people will be called in, many projects slashed, it’s what they want.
Go woke Go Broke!