Disney CEO Bob Iger's Vision for Building and Growth Revealed at Town Hall

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Source: CNBC
Disney CEO Bob Iger's Vision for Building and Growth Revealed at Town Hall
Photo: CNBC
TL;DR Summary

Disney CEO Bob Iger expressed his excitement for "building again" during an internal town hall, following a year of fixing and cost-cutting measures. Iger plans to expand Disney's theme parks with a $60 billion commitment, launch an ESPN direct-to-consumer platform, and rebuild the movie studio business. He acknowledged the decline in the quality of Disney films and emphasized their importance for the company's perception and profitability. While Disney shares have underperformed this year, Iger remains optimistic about the company's future, considering options such as selling off declining businesses or finding strategic partners for ESPN.

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