“We have to start chasing profitability,” the returning Disney CEO said.
Walt Disney Co (NYSE: DIS) CEO Bob Iger said he would focus on achieving profitability in streaming and take a “hard look” at costs during his first company-wide meeting since returning to the group’s top job. “Instead of chasing subscriptions with aggressive marketing and aggressive spending on content, we have to start chasing profitability,” Iger said in a town-hall meeting, Financial Times reports. “In order to achieve that, we have to take a very, very hard look at our cost structure across
Increased angst over COVID-19 lockdowns in China and rare protests against the government is weighing down the broader stock market rally.