Disney CEO Bob Iger says he prefers to stay only two years, calls streaming 'the future'
Publishing timestamp: 2023-02-09 12:59:30
Summary
Disney CEO Bob Iger appeared on CNBC's "Squawk on Street" to discuss the company's reorganization and quarterly earnings results. Iger said he had no plans to stay longer than two years in his post and that Disney would focus on its streaming business and making it profitable. Disney also announced it would cut $3 billion in content costs and settle a dispute with activist firm Trian's chief, Nelson Peltz. Shares of Disney rose Thursday following the restructuring announcement and company's earnings report.
Sentiment: POSITIVE
Keywords: walt disney co, media, bob iger, business, david faber, comcast corp, entertainment, breaking news: business, business news,
Source: https://www.cnbc.com/2023/02/09/disney-ceo-bob-iger-layoffs-restructuring.html