Walt Disney Co (NYSE:DIS) shares are trading lower. Disney CEO Bob Iger spoke at a media investment conference Wednesday hosted by MoffettNathanson.
What To Know: According to a Bloomberg report, Iger announced plans to cut marketing expenses for Disney+ at the MoffettNathanson investment conference on Wednesday.
After years of investments focused on driving subscriber growth, Disney will now cut costs in an effort to realize profits in the streaming business by the end of Disney’s fiscal year. Disney reportedly expects to have double-digit profit margins in its direct-to-consumer streaming business ...