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The Latest Breaking News from Bob Iger

Six takeaways from Disney's quarterly earnings call

In a fickle media market, Disney's overall revenue grew 4%. Despite declining ad revenue and uncertainty over the Hollywood writers and actors strikes, CEO Bob Iger sees growth opportunities.

WEKU

Disney streaming service continues to bleed subscribers, but earnings improve in Q3

Disney reported narrower losses on its Disney+ streaming platform in the quarter ended July 1 and boosted revenues, but also shed Disney+ subscribers for the second quarter in a row

The Independent UK

Netflix Envy: Bob Iger Admits He’d Love To Have Rival’s Margins

‘We have a lot of work to do,’ Disney CEO says

Broadcasting & Cable

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Disney Plus just pulled a Netflix with price hikes and a password-sharing crackdown

Disney is raising the prices of its ad-free plans in October and the company intends to crack down on password sharing next year.

Tom’s Guide

Disney Plus Loses 300K U.S. Subscribers For Second Consecutive Quarter Following December Price Hike ... And They Just Announced Another Increase!

Disney Plus' ad-free tier will jump up again, to $13.99 a month, starting in October

Broadcasting & Cable

Disney Cuts Streaming Red Ink but Posts $460 Million Q3 Loss

Company takes $2.65 billion in restructuring charges

Broadcasting & Cable

Disney Earnings Top Forecasts, Revenues, Subs Fall Shy: Stock Slides

CEO Bob Iger said Disney is on track to beat its $5.5 billion cost-cutting target, but the group missed Street revenue forecasts for its third quarter earnings.

The Street

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Disney Q3 2023 Earnings Call Live Blog: Bob Iger Speaks On Strike, Possible Sale To Apple

CEO Bog Iger is expected to touch on the WGA/SAG-AFTRA strike and the ongoing legal battle between Disney World and Florida among other topics.

Cinemablend

Hollywood studios reportedly want strikes to last until picketers lose their homes. Now, ‘Cinderella’ star Billy Porter has been forced to put his up for sale

The Emmy-winning actor said he’s still living “check to check.”

Fortune

‘You’ve starved me out’: Billy Porter says he’s lost his house to actors’ strike

Pose star says ongoing strike has led him to sell his house, and condemns Disney CEO for saying demands were ‘unrealistic’

The Guardian - US

Disney Earnings: Streaming, Parks In Focus As Iger Tightens Grip

Bob Iger, who extended his interim CEO tenure at Disney until 2026, continues to wield his influence on the media and entertainment giant.

The Street

Disney: streaming queen or struggling company?

Disney’s stock has fallen 11% since Bob Iger returned to the company in November.

Fortune

Disney has a task force exploring A.I., as writers and actors strike over concerns it could steal their jobs

Disney has reportedly started a task force to explore how artificial intelligence could be used across the media conglomerate’s many divisions.

Fortune

Disney Rises On Earnings. Password Sharing Won't Skirt New Disney+ Price Hike.

Disney stock rose Thursday on mixed earnings. Disney+ prices hiked again, subscribers fall. Password sharing crackdown to roll out in 2024.

Investors Business Daily

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Barchart

Disney Stock: Buy or Sell Ahead of This Week's Earnings?

Disney stock has been underperforming for several years, and all eyes will be on "the S-word" in this week's Q3 results. However, with valuations looking attractive and cost-cutting efforts well underway, the stock could be a solid buy at current levels.

Fortune

The famously overworked visual effects workers behind the Marvel movies just voted to join a union

“Entertainment workers everywhere are sticking up for each other’s rights. That’s what our movement is all about,” said IATSE International president Matthew D. Loeb.

The Independent UK

Billy Porter reveals he has to sell his house due to Hollywood strikes: ‘You’ve already starved me out’

‘Pose’ star is selling his home to deal with the financial impact of Hollywood’s shutdown

The Street

ESPN Ex-President John Skipper Weighs in On ESPN’s Future

Skipper was on 'The Dan Le Batard Show' alongside ex-MLB executive David Samson and former ESPN host Pablo Torre.

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Fortune

Disney’s Gen Z princess joins the labor movement as Rachel Zegler says 'fellas is it woke to wanna be fairly compensated'

“If I’m gonna stand there 18 hours in a dress of an iconic Disney princess,” said the future Snow White, “I deserve to be paid for every hour that it’s streamed online.”

Fortune

It’s not just Disney—Warner Bros. Discovery lost millions of streaming subscribers, too

CEO David Zaslav predicted another year of operating losses at its global streaming business in 2023 as rivals struggle to narrow the gap with Netflix.

Fortune

ESPN used to be Disney’s cash cow. Now, its revenue is declining, and Bob Iger is looking to sell a stake

The sports network depends on cable TV for revenue. But cable is on the decline since the rise of streaming.

Fortune

Bob Iger lures back 2 former execs who were once in line for the Disney CEO job

The former heirs apparent will work as consultants for now.

Capital & Main

Striking Actors, Writers, Hotel Workers Make the Personal Political

With employers stalling, unions seek to build public pressure by spotlighting CEO pay and corporate excess.

Zenger

Disney CEO Bob Iger Faces Backlash Over Strike Comments Amid Sale Speculation

Criticism mounts as Iger's remarks on Hollywood strike raise questions about potential Disney sale

Zenger

Italian Authority Closes Google Probe, Focuses On Data Portability

Alphabet's Google escapes investigation as Italy commits to enhancing data portability.

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