Disney CEO Vows to Silence Culture War Noise

1 min read
Source: Yahoo Finance
TL;DR

Disney CEO Bob Iger has stated that the company will "quiet the noise" in the ongoing culture wars that have involved social conservatives and the media conglomerate. This statement was made during an investor presentation where Iger also announced that Disney will double its investment in theme parks and cruise ships over the next decade. The company is facing challenges in making its streaming business profitable, improving film quality, and positioning ESPN for direct consumer streaming. Disney has been at the center of culture wars due to its criticism of Florida legislation and casting choices, but Iger emphasized that the company's primary mission is to entertain and have a positive impact on the world.

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