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The Latest Breaking News from Bob Chapek

Former Disney CEO Bob Iger reappointed to role in surprise decision

Move described as ‘probably the most significant piece of corporate upheaval since Steve Jobs went back to Apple’

The Guardian - UK

Chapek Out, Iger Returns as Disney CEO

In a shocking move, Disney's former CEO has returned to the Mouse House to reclaim the top job for two years.

The Street

Bob Iger Returning to Disney as CEO for Two Years

Former Walt Disney Co Chief Executive Bob Iger is returning to the media company as CEO less than a year after he retired, a surprise appointment that comes as the entertainment company struggles to turn its streaming TV services into a profitable business. Iger, who retired last year after 15…

Asharq Al-Awsat

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Disney boots CEO, brings back Bob Iger to lead company

New York (AFP) - Disney ousted chief executive Bob Chapek on Sunday and announced that it had brought back former CEO Bob Iger to once again take the reins.

AFP

Disney announces ex-CEO Bob Iger will return for 2 years

The Walt Disney Company announced late Sunday that former CEO Bob Iger would return to head the company for two years in a move that surprised the entertainment industry.

WEKU

Disney announces ex-CEO Bob Iger to return for 2 years

The Walt Disney Company announced late Sunday that former CEO Bob Iger would return to head the company for two years in a surprise move

The Independent UK

Disney replaces CEO Chapek with predecessor Bob Iger effective immediately

Iger just stepped down as executive chairman 11 months ago after four decades with Disney and 15 years as CEO.

Fortune

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Bob Iger back as Disney CEO, Chapek steps down

His successor, Bob Chapek was given a multi-year contract extension earlier this year

Axios

Netflix May Fix a Big Mistake Disney Has Avoided

The two media companies are both struggling for different reasons, but Disney has a huge lead in a key area.

The Street

Disney World increases price of park tickets, annual passes

Disney World on Tuesday revealed increases in theme-park ticket prices and said for the first time it will charge extra for one-day tickets based on which park a customer reserves.

Orlando Sentinel

Will Disney layoffs, hiring freeze affect Disney World?

Layoffs and a hiring freeze are coming within the Walt Disney Co. soon, according to a memo from Disney CEO Bob Chapek, but it is unclear if Walt Disney World will be affected by the cutbacks.

Orlando Sentinel

Disney Follows Netflix in Making a Dumb Move (It's Worse for the Mouse)

Apple, Tesla, and Lululemon have proved an important point that both streaming giants are missing.

The Street

Disney+ Hits 164.2 Million Subscribers As It Plans For Price Hike

Media giant The Walt Disney Company reported fourth-quarter and full-year financial results after market closed on Tuesday

Zenger

Disney Stock: The Company Says Not to Worry About Disney+ Losses

Disney shares took a massive hit on Nov. 9 after the company shared how big its streaming losses are.

The Street

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Fortune

Disney is still on track for streaming profitability—but a storybook ending isn’t guaranteed

The worsening economy and sky-high losses add to concerns about Disney’s ability to make money off streaming.

Orlando Sentinel

Disney’s park earnings set a record, even after $65 million Ian loss

ORLANDO, Fla. — Disney’s theme parks division generated $7.4 billion in revenue last quarter, despite Hurricane Ian’s path near Disney World in late September costing the company $65 million, executives said Tuesday.

The Street

Disney Stock Tumbles On Expensive Streaming Gains, Q3 Earnings Miss

"Our approach going forward is going to be focused largely on profitability," instead of pure subscriber additions, CEO Bob Chapek said.

Los Angeles Times

Disney+ keeps growing fast. But streaming loses $1.5 billion

LOS ANGELES — Disney+ is still growing fast as the streaming service takes the Walt Disney Co. into the future of entertainment. But the effort to stay dominant in the age of Netflix is costing the Burbank giant in a big way.

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Benzinga

Disney Q4 Earnings Highlights: Revenue And EPS Miss, Disney+ Hits 164.2 Million Subscribers And More

Media giant The Walt Disney Company (NYSE: DIS) reported fourth-quarter and full-year financial results after market close Tuesday. Here are the key highlights.

The Street

Disney Stocks Slumps After Q3 Earnings Miss, Expensive Disney+ Subscriber Gains

Company holds to projection Disney+ will achieve profitability in fiscal 2024.

The Street

Disney Earnings Preview: Disney+ Subscriber Growth Key As Netflix Embraces Ad Service

Disney may again overtake Netflix as the world's largest streaming service as it builds on sports rights and film content amid activist pressure for change.

Benzinga

Elon Musk & Philippine Billionaire Come Together For Satellite Internet Service In Southeast Asia, Disney May Track Your Theme Park Preferences, Struggling Credit Suisse Reveals Business Overhaul: Top Stories Thursday, Oct. 27

Benzinga

Orlando Sentinel

Disney’s ‘blue sky’ ideas keep fans guessing on parks’ plans

Sometime in the next decade, Disney World visitors could venture into Maleficent’s castle or sit down for a meal in the village of Santa Cecilia from Pixar’s 2017 film “Coco” — but Disney could also scrap plans long before the first guest sets foot inside.

The Orange County Register

Disneyland plans Avengers Campus expansion with new E-ticket attraction

A first-of-its-kind Quinjet E-ticket attraction put on hold by pandemic-related financial constraints is back on track as the Disneyland resort announces plans for the second phase of the new Marvel-themed land.

The Street

Disney Will Do Anything for Money (But it Won't Do That)

Bob Chapek has one line the Walt Disney Co. won't cross (even though it would make a boatload of money).

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