Disney stock faded more than 1% on the second day of Bob Iger’s return engagement as CEO, reflecting investors’ divergent outlooks on the media giant’s prospects
’s return engagement as CEO, reflecting investors’ divergent outlooks on the media giant’s prospects
“The next two years at Disney will be challenging,” Rich Greenfield of Lightshed Partners wrote in a blog post. “Iger is coming back to a vastly different landscape than when he departed in early 2020.” Eric Jackson, president of a Toronto-based EMJ Capital, told CNBC he doesn’t see any “quick fixes” for Disney under Iger. Leaving aside trading activity during the Chapek era, which was complicated by Covid, he said the company’s stock has been stuck in the $100 range for several years. The culprit, he said, is a potent but declining linear TV asset in ESPN as well as obligations to fund streaming efforts like Disney+, Hulu and ESPN+.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disney CEO Swap: Bob Chapek Replaced By Previous CEO Bob IgerThe top spot at the world's biggest entertainment creator just flipped yet again.
Read more »
Disney stuns as Bob Iger returns as CEO, replacing Bob ChapekDisney announced on Sunday that Bob Iger would return to be the company's CEO for two years, replacing outgoing Bob Chapek.
Read more »
Disney fires Bob Chapek, taps ex-CEO Bob Iger to return, set strategyCHapek faced blowback earlier this year for not using the company’s vast influence in Florida to help quash a Republican bill that would prevent teachers from instructing early grades on LGBTQ issues.
Read more »
Bob Iger named Disney CEO again, replacing Bob Chapek, in a shock to Hollywood | CNN BusinessBob Iger, one of the most successful CEOs in the history of The Walt Disney Company, is returning to once again run the media empire. It's a shocking development at Hollywood's biggest company.
Read more »
Bob Iger’s return as Disney CEO ‘blindsided’ ousted Bob Chapek: sourcesChapek was in the dark about Iger’s return as recently as last week, sources told The Post.
Read more »
Bob Chapek out as Disney CEO, Bob Iger returnsAfter a tumultuous two and a half years, Bob Chapek, the embattled CEO of the Walt Disney Co., has stepped down from the role, the company announced.
Read more »