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DL: Iger targeting 5.5 billion in cost savings for Disney, 3 billion from non-sports related content. 1.5 in operating expenses.

Posted by: notfabio on Feb 08, 13:44

https://deadline.com/2023/02/disney-cut-content-costs-savings-restructuring-1235253727/

DL: Iger targeting 5.5 billion in cost savings for Disney, 3 billion from non-sports related content. 1.5 in operating expenses. notfabio Feb 08, 13:44

7000 employees will be laid off. {nm} notfabio Feb 08, 13:45

No longer providing long-term subscriber guidance {nm} notfabio Feb 08, 13:45

Variety: Dana Walden and Alan Bergman to Co-Run All TV, Film and Streaming. ESPN will be a stand-alone unit (read: probably sold off) notfabio Feb 08, 13:47

Disney stock is up over 10% in after hours (Wall Street loves its 5-10% layoffs) {nm} notfabio Feb 08, 13:49

DL: Disney REALLY doesn't want Peltz elected, Iger has asked the board to re-instate the dividend by the end of the year. notfabio Feb 08, 14:01

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