Saving Walt Disney Co this time will require Bob Iger to show off a different side to his character.
The legendary chief executive who transformed Disney into the most powerful entertainment company on the planet will need to show how quickly he can cut costs and restore profitability, analysts say.
The most immediate target of that could be Disney+, the streaming service that Iger helped launch in 2019. Losses at the unit more than doubled in the last reported quarter to $1.5 billion. They also pointed to ESPN as another target for deep cost cuts, including a review of all the upcoming sports rights as the network loses cable subscribers.
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Bob Iger to return as CEO of Walt Disney Company, board announcesFormer Chief Executive Officer Bob Iger will return to that position with the Walt Disney Company, the board announced Sunday.
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