Bob Iger Reflects on Disney’s Streaming Launch: “We Invested Too Much” ...Middle East

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Bob Iger Reflects on Disney’s Streaming Launch: “We Invested Too Much”
source : NY Times News ( Middle East ) () 104
Disney CEO Bob Iger gave a mea culpa for big losses incurred while launching streaming platforms like Disney+ during an investor conference appearance on Wednesday. “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 a $4 billion loss,” Iger told the MoffettNathanson Media, Internet & Communications Conference during a session that was webcast. Iger addressed a falling out with his hand-picked successor, former Disney CEO Bob Chapek, whose tenure he called out for lavish and misplaced content spending. “It was clear to me that ou

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