Last year, Disney CEO Bob Iger found himself in the eye of a storm, with investor Nelson Peltz circling like a hawk. Movie and TV revenues were taking a nosedive, and even streaming wasn’t enough to buoy the ship. To make matters worse, park attendance was dwindling post-COVID.
However, Iger has not been idle. He has fended off Peltz and implemented a more cost-effective strategy for Disney’s media ventures. A notable shift includes ESPN’s transition to a streaming-only platform, featuring collaborations with major sports leagues like the NBA, NFL, MLB, and NHL.
This week is pivotal for Iger and The Walt Disney Company. With an earnings call scheduled and the D23 Expo kicking off, fans and investors alike are on the edge of their seats. Analysts expect Iger to announce a third-quarter profit, although the recent successes of “Inside Out 2” and Marvel’s “Deadpool & Wolverine” won’t be included. Plus, summer attendance dips at Disneyland and Disney World may darken the horizon for the fourth quarter.
ESPN’s new streaming service could be a game-changer, yet with the D23 Expo just around the corner, major revelations may be reserved for that event. At D23, Parks and Experiences Chairman Josh D’Amaro is expected to reveal updates on Disneyland Forward and the Animal Kingdom expansion at Walt Disney World. Perhaps more exciting details regarding Magic Kingdom’s “Beyond Big Thunder Mountain” and potential expansions at Hollywood Studios may also be unveiled.
No doubt, Universal’s rumored early launch of Epic Universe adds pressure on Disney to deliver. Therefore, Iger and D’Amaro must pull out all the stops to wow the fanbase and investors. Amid these shake-ups and announcements, the next decade for The Walt Disney Company hangs in the balance.
What are your predictions for Disney’s big week of announcements? Share your thoughts in the comments, and don’t forget to spread the word!
Source: Inside the Magic
