The Walt Disney Company announced Wednesday that it would purchase the 33% stake in Hulu held by Comcast for $8.6 billion, cementing the entertainment giant’s control of the streaming service. Disney has owned a 60% stake in Hulu since it acquired 21st Century Fox, and in 2019 was given full authority over the service, with […]
Tag: Bob Iger
During Disney’s earnings call on Wednesday, CEO Bob Iger announced the company would cut 7,000 jobs. Iger said the company aims to save $5.5 billion in costs. Overall, $3 billion in cuts will come from content, excluding sports, while $2.5 billion will come from non-content.
In what several outlets have described as a “shocking” turn of events, the Walt Disney Co. announced late Sunday that Robert (Bob) Iger will return to lead the company as its chief executive officer, effective immediately. Iger replaces Bob Chapek, who assumed the position after Iger stepped down in 2020. Iger, lauded as one the most successful CEOs in the history of the Walt Disney company, spent more than four decades at Disney, including 15 years as CEO.