Bob Iger Answers Hot Topics Like Elon Musk, Box Office Bombs, Ron DeSantis And More: Here's What The Disney CEO Said
Portfolio Pulse from Chris Katje
Bob Iger, CEO of Walt Disney Company (NYSE:DIS), addressed various issues at the NYT DealBook Summit 2023. He discussed underperforming box office results, particularly citing 'The Marvels' and admitted that increasing Disney+ content was a mistake leading to diluted quality. Iger commented on the advertising pullout from Twitter, now known as X, due to Elon Musk's public positions. He walked back on asset sales, stating Disney's linear TV networks are not for sale. Iger also touched on the conflict with Florida Governor Ron DeSantis and the company's special district rights. He spoke about succession planning, ensuring a robust process, and mentioned the activist investor battle with Nelson Peltz. Disney announced the addition of James P. Gorman and Jeremy Darroch to its board of directors.
November 29, 2023 | 10:40 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Disney CEO Bob Iger discussed challenges and strategies at NYT DealBook Summit, including box office performance, Twitter ad pullout, asset sales, and governance issues. He emphasized a robust succession plan and addressed the activist investor battle.
While Iger's comments address several concerns and outline future strategies, the mixed nature of the news (some positive, some negative) is likely to have a neutral short-term impact on Disney's stock price. The commitment to not selling assets and robust succession planning may reassure investors, but the admission of recent mistakes and the ongoing conflict with DeSantis could be seen as negative. The addition of new board members could be viewed positively, indicating a proactive approach to governance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100