Walt Disney Co.’s (NYSE:DIS) shares have been languishing at depressed levels as the entertainment giant grapples with economic and industry-specific challenges. Following the release of fourth-quarter results, Disney veteran Bob Iger, who was brought back to helm the company amid trying times, outlined four building blocks that can help reinvigorate growth.
What Happened: Speaking at Disney’s fourth-quarter earnings call, Iger said the four building blocks for the company would be “Parks and Resorts,” Studio, ESPN, and streaming. “While we still have work to do to continue improving results, our progress has allowed us to move beyond this period of fixing and begin building our businesses again,” he said.
Iger said the company is focused on achieving significant and sustained profitability in the streaming business, building ESPN into the preeminent digital sports platform, improving the output and economics of film studios, and turbocharging growth in the experiences business.
Streaming: The recent announcement concerning the purchasing of the remaining stake in Hulu and the upward adjustment of Disney+ premium prices will help turn ...