TECH - Disney CEO Bob Iger Reveals Cancellation Of Several Projects Amid Box Office Slump: 'And That's Not Easy In This Business' | Benzinga
Walt Disney Co. (NYSE:DIS) CEO Bob Iger disclosed that the company has axed several projects as part of a studio overhaul to counter a box office downturn.
What Happened: On Tuesday during an investor conference Q&A, Iger revealed that Disney has terminated multiple projects that were deemed not strong enough, as the company strives to revitalize its film slate, reported Deadline.
"We're doing a lot. When we talk about improving our film, slate, there are really three approaches. One is you have to kill things you no longer believe. And that's not easy in this business. Because either you've gotten started, you have some … costs. It's a relationship with either ...