Disney answers activists with gaming investment, ESPN streaming plans ...Middle East

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Disney answers activists with gaming investment, ESPN streaming plans
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Walt Disney CEO Bob Iger hit back at activist investors on Wednesday with a slew of announcements, including a splashy investment in "Fortnite" maker Epic Games and plans to launch an ESPN streaming service in 2025. Iger revealed the plans after Disney's board of directors authorized a $3 billion share repurchase program for the current fiscal year, and declared a dividend of 45 cents a share, a 50% increase from the dividend paid in January. Earnings-per-share topped Wall Street forecasts.

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