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The first question Bob Iger must answer as Disney CEO

November 23, 2022
Source: finance.yahoo.com finance.yahoo.com
News Snapshot:
Bob Iger has several questions to answer as he steps in, once again, as Disney's (DIS) CEO. The first and most important? Streaming profitability. "Streaming losses is the absolute number one issue on hand," Geetha Ranganathan, senior media analyst at Bloomberg Intelligence, told Yahoo Finance Live. "Investors no longer have patience," Ranganathan added. "We've seen the streaming business at Disney already lose about $8 billion. They're expected to lose another $3 billion in fiscal 2023, so obviously Bob Iger really has to go back and articulate a much better strategy." On Monday, Iger gave investors a taste of what seems...
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