Investors had celebrated Iger’s surprise return when he took the CEO reins back from Bob Chapek last November. But Wednesday’s earnings call wasn’t exactly a triumphant return. It was a much more sober-minded Iger who took listeners through the existential challenges that Disney and its big media brethren face, proposing tough solutions as it looks to pay down debt amassed from a torrid period of M&A and a massive investment in streaming.
Source: Bob Iger Gets Blunt: Hollywood Can’t Give Up on the Old Until the New Starts Making Real Money