Arts & Entertainment

‘We invested too much’: Disney CEO blames $4 billion loss on aggressive investments and telling ‘too many stories’

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PM Edition
May 17, 2024
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‘We invested too much’: Disney CEO blames $4 billion loss on aggressive investments and telling ‘too many stories’
At a recent investors conference, Disney CEO Bob Iger blamed the company’s massive losses on spreading itself too thin across too many projects.Iger spoke at the 2024 MoffettNathanson Media and Communications Summit where he explained why he thought projects like streaming platform Disney+ have caused the company’s bottom line to suffer. … Read more
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