![]() ![]() ![]() But thousands of employees are expected to be laid off. Quarterly Earnings Report: In Disney’s first earnings report since Bob Iger returned as chief executive, the company exceeded Wall Street’s expectations.DeSantis-Disney Rift: In the latest development in a battle between the Florida governor and Disney, Ron DeSantis has gained control of the board that oversees development at Walt Disney World, a move that restricts the autonomy of Disney over its theme-park complex.It comes at a moment when its formidable stature has shown a few cracks. ![]() ![]() A Century in Business: As part of its 100th anniversary marketing campaign, the Walt Disney Company is opening two exhibitions that will tour the globe until at least 2028.Iger said that ESPN managers were aggressively controlling costs - about 100 journalists and on-air commentators were laid off last month - and working on additional programming changes “all with an eye toward addressing not only where consumers are today but improving our nonlive sports programming numbers.” “These new services are just as valuable to us” as traditional cable and satellite hookups, he said.įinally, Mr. He noted that Hulu, YouTube, Sling TV and PlayStation have included ESPN in new television packages. Iger, who used the word “bullish” several times to describe his feelings about ESPN’s future, touted mobile offerings and a coming ESPN-branded subscription streaming service. “It’s important for us to participate in it, and that’s what we’re doing.” “There is nothing we can really do to slow that down,” he said. Iger said when asked about the shift by viewers from traditional shows like ESPN’s “SportsCenter” toward the delivery of scores and game clips on smartphones. Iger, Disney’s chief executive, once again found himself peppered with questions about the health of ESPN - long the company’s profit engine - on a post-earnings call with analysts. The Walt Disney Company reported better-than-expected quarterly earnings on Tuesday, with theme park profits climbing 20 percent and movie income soaring 21 percent. ![]()
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