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Disney-Apple Sale: Returning CEO Bob Iger Closes For ‘Pure Speculation’


Bog Iger returned to lead The Walt Disney Company last week on a two-year deal, hoping to lead the entertainment giant back to growth. The CEO held his first company-wide meeting with employees, addressing questions about potential deals and hiring freezes raised by former CEO Bob Chapek, following the report. Disney’s recent lackluster quarterly earnings. According to The Hollywood Reporter, Iger intends to stay that way, calling it “a wise move in the face of the challenges of the field,” as he continues to find ways to get Disney back to profitability. But the biggest comment the returning CEO made was to dismiss the notion that Apple’s acquisition of Disney was “pure speculation,” adding that he wouldn’t head any acquisitions either. its tenure.

Chapek’s shoot cause much on Wall Street and in the media to speculate on the idea of ​​a Disney acquisition, “including an acquisition to pay off its reported $5.5 billion (approximately Rs. 44,950 crore) debt, or outright sale to a monolithic technology company such as Apple.” Diversity note that the staff member was “ruffled” by by Iger new office, calling everyone back to the office. “I happen to believe that in creative businesses, there is tremendous value in working in the same place,” he told Disney employees (via hollywood reporter). “It creates a source of energy, it is very capable of facilitating creativity… I don’t make any claims but I think it is extremely important.”

Iger, who is responsible for the launch of Disney’s marquee streaming service Disney+ – act like Famous Disney+ star in India – claims that the company should prioritize revenue growth over subscribers. “Instead of chasing [subscribers] With aggressive marketing and strong content spending, we had to start chasing profits,” Iger said during a town hall meeting (via Reuters). “To get there, we have to look very closely at the cost structure of our businesses.” One report suggested earlier this month that Disney+ added more than 12 million subscribers this quarter, bringing the total to 235 million this year. Of those, Disney + Hotstar is responsible for less than 3 million.

The CEO also mentioned Disney’s stance on LGBTQ+ including, on the company’s response to Florida’s “Don’t Say Gay” bill, which prevented teachers from discussing such topics in schools. Based on IGN, Disney got into trouble when it revealed that it had donated nearly $200,000 (approximately Rs 1.6 crore) to Florida politicians who supported the law. Operated by the company Disney World amusement park in the state, it’s natural for them to get involved in its political side. After the days criticism From internal employees and the public on social media, Chapek sent out a letter acknowledging how painful his silence was and apologizing for the ordeal.

As for the studio’s stance on the current issue, Iger said, “one of the core values ​​of our storytelling is inclusion, acceptance, and tolerance. And we can’t lose that, we can’t lose that… the way we actually change the world through good has to continue. We won’t make everyone happy all the time, and we don’t [going to] try your best. We certainly won’t detract from our core values ​​of making people happy.”


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