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

Posted on AllSides May 17th, 2024
From The Right

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. "As we got into the streaming business in a very, very aggressive way, we tried to tell too many stories. Basically we invested too much, way ahead of possible returns. It's what led to streaming ending up as...

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