Disney Will Report Streaming Profitability After Revised Subscriber Projections and in the Wake of Cost Cutting
LOS ANGELES, CA – The entertainment giant, Disney, is gearing up to release its first-quarter earnings report, with CEO Bob Iger shifting the focus to profits, aiming to overcome a proxy battle and potential subscriber losses. The company faces challenges following a round of price hikes which is expected to result in a decline in the number of subscribers. Meanwhile, investors will be closely watching for signs of progress in the company’s cost-cutting initiatives and …