Share
Facebook
Twitter
Whatsapp
Linkedin
Email
Copy link

Disney Warns “Restructuring, Change In Business Strategy” May Weaken Financial Results; Announces $900 Million Payment For Remaining BamTech

2022/11/30 (Nov 30th, 2022 8:55 am)
T
SMALL
T
MEDIUM
T
LARGE

Expectations can be made (depending on the distribution platforms chosen for the content’s initial distribution),” the 10K filing stated.
Previously owned by Disney and MLB, Bamtech is now known as Disney Streaming.

Beyond what has already been reported, there wasn’t much information about the new administration in the lengthy filing that summarized the previous year’s financials (Disney’s fiscal year ends on September 30).

As was previously announced, Robert A. Iger will rejoin the company as CEO and a director on November 20, 2022. Previously, Mr. Iger worked for the company for more than 40 years, 15 of those as CEO.
One of the first targets in Iger’s sights is DMED, the Disney Media and Entertainment Distribution division. Chapek founded this new organization, which is now led by Kareem Daniel, a Chapek protege who was also fired. Many seasoned executives and well-known members of the creative community expressed their frustration with the distribution hub, which controlled P&Ls and decision-making for all divisions. It also stated that, as anticipated, it had paid $900 million to purchase the remaining 15% of streaming technology company BamTech.

“As anticipated by the leadership change announcement, we anticipate that Mr. Iger will start making organizational and operational changes within the Company over the next few months to meet the objectives of the Board. Changes in our operations and structure, including those within DMED (and possibly our distribution strategy and the businesses), even though the plans are still in their early stages, could

Bitcoin

19,157.7
-13.2
25.65%
13:00:30 - Real-time Data
Related articles
Bitcoin holds steady around $19,000 amid growing signs of institutional adoption
2022/10/11
Bitcoin holds steady around $19,000 amid growing signs of institutional adoption
2022/10/11
Bitcoin holds steady around $19,000 amid growing signs of institutional adoption
2022/10/11
Name
Price
Chg.
Chg. %

European Stock Futures Largely Lower;U.S. Inflation to Guide Fed Thinking

CoinUnited.io Market
Oct 10, 2022
FTSE 100 above 7000 but pound slips further slips further after
Oct 10, 2022
FTSE 100 above 7000 but pound slips further slips further after
Oct 10, 2022
FTSE 100 above 7000 but pound slips further slips further after
Oct 10, 2022
FTSE 100 above 7000 but pound slips further slips further after
Oct 10, 2022

Subscribe To Our
Newsletter

Get the latest updated