Page 13 - Ob Iger News Today

Disney reported strong fiscal fourth quarter earnings and raised its cost-cutting target by another $2 billion. Wall Street is taking notice.

Disney's fiscal Q4 report marks the first time the media giant is delivering earnings under a new reporting structure that breaks out ESPN's financials.

LOS ANGELES (Reuters) -Walt Disney exceeded Wall Street's earnings expectations on Wednesday as higher attendance at its Shanghai and Hong Kong theme parks offset a decline in advertising revenue at television network ABC. Shares of the entertainment company rose 3% in after-hours trading to $87.14, signaling investor confidence in Chief Executive Bob Iger's aggressive cost-cutting, the company's better-than-expected streaming subscriber gains and Iger's declaration that Dis...

The entertainment giant has been under pressure as its traditional movie and film businesses decline.

The future dominance of Disney is uncertain amid an unprofitable streaming business, ongoing actors strike and questions about succession plans.

(Bloomberg) -- Walt Disney Co., embroiled in another fight with activist investor Nelson Peltz, posted fourth-quarter profit that beat analysts’ expectations and said it will cut an additional $2 billion in expenses. Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’US 30-Year Mortgage Rate Tumbles by Most in More Than a YearVIX Notches Its Longest Slide Since October 2015: Markets WrapVirginia Democrats Fend Off Republican Sweep in Win...

Disney's fiscal Q4 report marks the first time the media giant is delivering earnings under a new reporting structure that breaks out ESPN's financials.

Disney's former streaming chief says CEO Bob Iger will weigh all his options in trying to solve the entertainment giant's myriad problems.

Disney and Lucasfilm have altered their upcoming release slate. Pray they do not alter it any further.

Disney's fiscal Q4 report marks the first time the media giant is delivering earnings under a new reporting structure that breaks out ESPN's financials.