Disney’s video distribution, profitability is a priority issue Eiger CEO emphasis | Reuters

WASHINGTON (Archyde.com) – The chief executive officer of Walt Disney Co. Bob Iger said at an internal meeting on Nov. Photo taken in March 2020 (2022 REUTERS/Dado Ruvic)

[28日 ロイター] – Bob Iger, CEO of Walt Disney Co., a major US media and entertainment company, explained at an internal meeting on the 28th that improving the profitability of the Internet video distribution business is a top priority.

“Instead of trying to get subscribers through aggressive and spending a lot of money on content, they have to start chasing profits,” he said. “To achieve that, we need to take a very hard look at the cost structure across the business,” he said.

Disney announced on the 20th that Bob Chapek, who took office in February 2020, will step down and Iger, 71, will return to the CEO role for two years.

Disney launched Disney+ in 2019, when Iger was CEO. Investors are looking more than just subscribers to video-streaming services, and Iger recognizes profitability.

Iger said he would continue to freeze hiring while the cost review is underway. He declined to say when Disney Media & Entertainment Distribution, the company’s film and television distribution group, will be restructured.

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