{
Foxby Corp.

Companies

}
001122334455554433221100
001122334455554433221100

disney maintains commitment to traditional tv networks amid industry challenges

Disney's CFO, Hugh Johnston, stated that separating its TV networks business is not feasible due to high costs and operational complexity, despite previous discussions about divestitures. The traditional TV segment is facing challenges, with a 6% revenue decline and a 38% profit drop, yet remains integral to Disney's content strategy, particularly in supporting its streaming services. CEO Bob Iger emphasized the importance of traditional TV assets in enhancing Disney's storytelling capabilities, especially following the acquisition of Fox's entertainment assets.
CNBC
Comcast Corporation Disney Warner Bros. Discovery, Inc. Foxby Corp. USA Lachlan Murdoch Nelson Peltz David Zaslav Bob Iger Hugh Johnston Show more
Finance & Economy, News Article
17:02 14.11.2024
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