Leaders.com
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
Entertainment what's next for Disney

Returning Disney CEO Robert Iger gave some insight into the next steps for the entertainment company. (Photo by ROBYN BECK/AFP via Getty Images)

By Hannah Bryan Leaders Staff

Hannah Bryan

News Writer

Hannah Bryan is a news writer for Leaders Media. Most recently she was a reporter for the Sanilac County News...

Full bio


Learn about our editorial policy

Nov 29, 2022

What’s Next For Disney

Returning CEO Robert Iger briefed Disney employees on his plans for the future of the company during a town-hall meeting—emphasizing a focus on profitability rather than subscriber numbers.

Key Details

  • Iger returned as Disney’s CEO about a week ago after the board removed former CEO Rob Chapek from his position. 
  • Before stepping down as CEO in 2020, Disney employees had voiced some concerns over how Iger ran the company. Though he was welcomed with applause, he is facing an uphill battle to boost employee morale.
  • He stressed that for now there would be no acquisitions but rather a focus on current assets.
  • During the town hall, Iger answered employee questions and stressed that creativity would be the company’s guide as he determined Disney’s next steps. 

Why it’s news

Disney has seen a tumultuous year as the company tax-exempt status was threatened and it has been hemorrhaging money from key divisions like Disney+ and ESPN. Company reports have shown nearly $4 billion in losses this year.  

Iger left behind a shining reputation when he stepped down in 2020. Now that reputation will be put to the test as the new CEO has two years to get the company back on track. 

“The status quo is gone, a lot has changed, but the sun is still shining in our world, our Disney world, is still spinning,” Iger said at the town hall. 

While answering questions, Iger told employees that the company would focus on making money rather than adding subscribers to divisions like Disney+. This is a change some investors had been asking for since the beginning of this year. 

Achieving a profitable streaming service could prove to be difficult. Disney+ has now passed its initial growth phase that was spurred on by a partnership with Verizon. Discounts encouraged new subscribers—now Disney has to convince them to stay. 

Before his departure, Chapek had announced a hiring freeze,  additional cost cutting measures, and potential layoffs. Iger said that the hiring freeze would remain in place and so would the cost cutting. 

Under Chapek’s leadership, Disney content spending ballooned to $30 billion during this fiscal year while charging its subscribers less than competitors. Iger says that he hasn’t fully caught up on Disney’s spending but plans to spend money when it will increase the company’s value. 

Iger also addressed concerns about changes to the theme park reservation system and potentially moving Disney’s “Imagineers” from California to Florida. He did not announce any immediate changes to these plans, but has said that he will be looking into them. 

When addressing Disney’s public altercation with Florida Governor Ron Desantis earlier this year, Iger said that he values the company’s LGBT employees. 

Though Iger did not make any official announcements concerning remote work for Disney employees, he indicated that Disney employees may soon be returning to the office.  

Home / News / What’s Next For Disney
Share
FacebookTweetEmailLinkedIn

Related Stories

Seattle Takes The Crown For Advanced Tech Talent

by PJ Howland Leaders Staff
Tech

Oct 24, 2023

Seattle tech talent

Seattle has emerged as the metro area with the most advanced tech talent, beating out tech hubs like San Francisco and Silicon Valley.

Key Details

  • According to a new ranking by the Burning Glass Institute, Seattle has the highest proportion of advanced tech workers compared to other cities with similarly sized tech workforces.
  • The ranking evaluated 60 million high-paying, in-demand tech job postings and histories to identify cities with cutting-edge roles like AI and cybersecurity rather than legacy tech positions.
  • With tech giants Amazon and Microsoft headquartered in Seattle, the city edged out the San Francisco Bay Area, Boston, Austin, and Raleigh on the list.
  • The report found that demand for software developers and IT support specialists has declined over the past five years as companies seek more specialized tech talent.

Go deeper

FacebookTweetEmailLinkedIn

More Americans Can’t Keep Up With Car Payments

by Colin Baker Leaders Staff
Loans and Borrowing

Oct 23, 2023

car loans, used cars

A record number of Americans are behind on their car loan payments as higher interest rates and prices weigh on consumers.

Key Details

  • According to data from Fitch Ratings, 6.11% of car loans were at least 60 days delinquent in September, the highest since tracking began in the early 2000s.
  • Some interest rates on used cars can rise to as much as 21%, according to Bankrate.
  • Soaring prices and rising interest rates are squeezing consumers, making it difficult for some to keep up with their auto loans.

Go deeper

FacebookTweetEmailLinkedIn

Chevron Makes $53 Billion Deal Amid Surging Gas Prices

by PJ Howland Leaders Staff
Markets

Oct 23, 2023

Chevron Gas Deal

Chevron is acquiring Hess Corp. for $53 billion, the second significant oil producer acquisition this month as crude prices climb.

Key Details

  • Chevron is purchasing Hess in an all-cash deal worth $53 billion, including debt and preferred stock redemption.
  • This comes just weeks after ExxonMobil announced its $59.5 billion purchase of Pioneer Natural Resources.
  • With oil over $80 per barrel, major producers are using their windfall profits to acquire smaller players and boost payouts to shareholders.
  • Chevron expects the deal to close in H1 2023 pending regulatory approvals and Hess shareholder vote.
  • Hess CEO John Hess will join Chevron's board once the acquisition is complete.

Go deeper

FacebookTweetEmailLinkedIn
nike logo
Company Culture

Oct 20, 2023

Nike to Require More In-Office Days From Employees

by Colin Baker Leaders Staff
blue collar workers
Retirement

Oct 20, 2023

Explaining The ‘C+ Grade’ Retirement Ecosystem in The United States

by PJ Howland Leaders Staff
netflix building
Entertainment

Oct 19, 2023

Netflix Hiking Prices While Adding Millions of Subscribers

by Colin Baker Leaders Staff

Recent Articles

Hiring

Nov 1, 2023

Learn the Winning Answers to the Most Common Phone Interview Questions

Come to your next phone interview fully prepared

Personal Growth

Oct 30, 2023

85 Quotes on Self-Love to Boost Your Self-Esteem

Don’t fall into the trap of harsh self-criticism

Company Culture

Oct 27, 2023

What is a Sabbatical? Your Ticket to Restful Growth and Meaning

Sabbaticals can benefits both employees and businesses

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2025 Leaders.com - All rights reserved.

Search Leaders.com