NFLX - Disney Refocuses On Entertaining Experiences That Helped Build Its Magical Kingdom In The First Place | Benzinga
During last week’s interview, Walt Disney Company (NYSE: DIS) CEO Bob Iger clearly stated Disney's main mission is to capture broad and increasingly diverse audiences. Experiences division that is home to the happiest places on Earth, a.k.a. theme parks, is the best-performing business of the world’s biggest entertainment company. On the other hand, the more than a century old company is struggling to adapt to changes in movie and TV viewing habits.When it comes to streaming, Disney will be taking a page from the book of Netflix Inc (NASDAQ: NFLX) to make its platforms profitable.
The interview took place a day after Iger won a key battle for boardroom control against a group of outside investors, but Iger still has a daunting task at hand, and it has to do with getting Disney back to sustained growth. Iger needs to find a way to restore magic to Disney’s kingdom that has been struggling with a lackluster performance over the last decade.
The experiences segment has plenty to brag about.
In 2023 fiscal year, the segment was the best-performing of Disney’s business as it made 36% of total revenue and 70% of the operating income, posting record revenue of $32.5 billion or revenue ...