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Disney video distribution, profitability is a priority issue CEO Eiger Emphasis | Reuters

WASHINGTON (Reuters) – Walt Disney Co chief executive officer Bob Iger said in an internal meeting on Nov. Picture taken in March 2020 (2022 REUTERS/Dado Ruvic)

[28日 ロイター] – Bob Iger, CEO of Walt Disney Co, a major media and entertainment company in the United States, explained in an internal meeting on the 28th that improving the profitability of the Internet video distribution business is a top priority.

“Instead of trying to get subscribers through aggressive advertising and spending a lot of money on content, they have to start chasing profits,” he said. “To achieve that, we need to look very hard at the cost structure across the business,” he said.

Disney announced on the 20th that Bob Chapek, who took office in February 2020, would resign and Iger, 71, will return to the role of CEO for two years.

Disney launched Disney+ in 2019, when Iger was CEO. Investors are looking at more than just subscribers to video streaming services, and Iger recognizes profitability.

Iger said he would continue the hiring freeze while the cost review is underway. Disney declined to say when Disney Media & Entertainment Distribution, the company’s film and television distribution group, will reorganize.