Disney CEO Bob Iger touts streaming progress after a year of 'fixing'
by Ryan Faughnder, Los Angeles Times
Nov 08, 2023
3 minutes
Nearly a year after Bob Iger made his dramatic return to lead Walt Disney Co., the chief executive says the world's best-known entertainment company is ready to build its business again after a long period of "fixing" what had gone wrong in his absence.
On Wednesday, the company reported significant progress toward making its popular but money-losing streaming services profitable, as it continues the awkward transition from linear television to direct-to-consumer apps.
The company's streaming businesses posted a combined operating loss of
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