Disney to lay off 7,000 workers in major revamp by CEO Iger By Reuters

[ad_1] © Reuters. FILE PHOTO: Toy figures of people are seen in front of the displayed Disney + logo, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) – Walt Disney (NYSE:) Co on Wednesday announced a sweeping restructuring under recently reinstated CEO Bob Iger, … Read more

DIS Earnings: Walt Disney Company Q1 revenue up 8%, earnings fall

[ad_1] The Walt Disney Company (NYSE: DIS) announced first-quarter 2023 results Wednesday after regular trading hours, reporting a drop in adjusted earnings despite an increase in revenues. The Burbank-headquartered entertainment behemoth said adjusted profit decreased to $0.99 per share in the December quarter from $1.06 per share a year earlier. On a reported basis, net … Read more

Disney could license content to rivals as part of Iger’s new direction (NYSE:DIS)

[ad_1] RinoCdZ/iStock Unreleased via Getty Images Could the Walt Disney Co. (NYSE:DIS) be on the path toward selling more of its licensed titles to rivals in order to raise cash for the entertainment giant? That could be in the works, as Chief Executive Bob Iger takes steps to get Disney’s (DIS) house in order following … Read more