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Four things from Disney’s earnings call
Disney Chairman and CEO Bob Iger said the company could reach profitability by the end of 2024. ” Disney has a lot of strength in theme parks…and the success of Disney+ and other streaming services,” he added. Disney is “making steady progress” now that it has controlled Hulu, he further said. Iger added that Disney…
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Bob Iger might go back to Disney
Disney+ CEO Bob Chapek in an email to employees said, “Hiring and Recruiting in the Disney Divide and Confronting the Company with Wall Street Analysts”. The company is instituting a targeted hiring freeze and expects “some small staff reductions” as it looks to manage costs, Chapek added. Disney has said the service added 12 million…
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Disney’s problems are much larger than Ron’s
The Walt Disney Company on Tuesday announced that it earned $23 billion in the July-September period, its highest quarterly profit ever. It also said that it plans to save $5.5 billion from non-content operations and expects Disney+ to be “profitable” in the next fiscal year. The company’s shares fell over 5% in aftermarket trade after…
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The cheapest plan will be with ads for $6.99 per month in November.
Disney+, the streaming service offered by The Walt Disney Company, will be transitioning from a linear television model to an ad-supported one. The ad-supported plan will have an average of four to five minutes of commercials per hour. “We’ve been discussing over the past few quarters, improving our pricing strategy is an important near-term focus,”…