US EditionDisney Gives Tepid Outlook as It Prepares for a New CEO
Disney’s parks and cruises unit posted a 6% operating income increase to $3.3 billion despite challenges from international tourists and higher costs, CFO said.
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San Bernardino Sun
Disney gives tepid outlook as it prepares for a new CEO
By Thomas Buckley | Bloomberg Walt Disney Co. shares slid after the world’s biggest entertainment company gave a tepid forecast for growth in the current period and the market awaits news on who will be its new leader. Disney said it expects challenges attracting international tourists to its domestic parks in its fiscal second quarter and warned of ongoing increased costs for sports rights. The forecast overshadowed results for the quarter endi…
The world’s largest entertainment company, The Walt Disney Group, presents results in a critical week for its future. The board of directors plans to meet to decide on the name of the successor of its historic executive Bob Iger at the head of the company. The next CEO, if they finally choose one, will encounter a stagnant group, which is only able to slightly improve its business, and which records quarterly losses.
Disney Close To Naming Next CEO, Might Be Someone Who Wants To Do More In Gaming
The Walt Disney Company could vote on its next CEO soon, and the person considered to be the top candidate for the job, Josh D'Amaro, is the person spearheading the Disney x Fortnite project and the executive who wants to do more with gaming overall going forward.The Wall Street Journal reported that current CEO Bob Iger is planning to resign prior to the end of his current contract on December 31 this year. A meeting will take place this week a…
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