Los Angeles Times

Why Bob Iger’s second act at Disney is looking brighter after a rough start

After a bruising year of Hollywood strikes, wrenching job cuts and stock setbacks, Disney Chief Executive Bob Iger finally is racking up some wins. While delivering stronger-than-expected earnings last week, Iger made several announcements designed to keep the Burbank giant firmly ensconced in pop culture: ESPN will anchor a new sports streaming service launching next fall. Disney+ will be the ...
Picketers walk outside the Walt Disney Studios in Burbank, California on Tuesday, June 6, 2023, as the Writers Guild of America strike entered its sixth week.

After a bruising year of Hollywood strikes, wrenching job cuts and stock setbacks, Disney Chief Executive Bob Iger finally is racking up some wins.

While delivering stronger-than-expected earnings last week, Iger made several announcements designed to keep the Burbank giant firmly ensconced in pop culture: ESPN will anchor a new sports streaming service launching next fall. Disney+ will be the streaming home for Taylor Swift’s concert tour movie. And Captain America and Baby Yoda could soon infiltrate the hit online game “Fortnite,” thanks to Disney paying $1.5 billion for a minority stake in Epic Games.

Investors who’ve been fretting over Disney’s troubles are beginning to see some relief. The company’s stock is up 20% since the start of the year. Disney had its best day since 2021 on Wall Street following the earnings report. On Monday,

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