Final hours! Save up to 55% OFF InvestingProCLAIM SALE

Disney management to host company-wide town hall on Nov. 28

Published 11/16/2023, 02:56 PM
Updated 11/16/2023, 03:02 PM
© Reuters. FILE PHOTO: A view of the water tower at The Walt Disney Co., featuring the character Mickey Mouse, is seen at the company's headquarters in Burbank, California, February 7, 2011.   REUTERS/Fred Prouser  (UNITED STATES - Tags: BUSINESS)/File Photo
DIS
-

(Reuters) - Walt Disney (NYSE:DIS) will host a company-wide town hall on Nov. 28 to discuss future projects, according to an internal memo from CEO Bob Iger.

The event will take place exactly a year after Iger hosted his first employee town hall upon returning to Disney as chief executive.

Film division head Alan Bergman, parks chief Josh D'Amaro, ESPN's Jimmy Pitaro, and Dana Walden, who leads the TV business, will also join Iger in the discussion moderated by ABC News anchor David Muir, according to the memo, which was seen by Reuters.

The talk will focus on "future building opportunities" at Disney, the memo said.

Disney is facing declining television ad revenue, a movie box office that has yet to return to pre-pandemic levels and a streaming business that has yet to turn a profit.

Iger has told investors that the company is evaluating options for dealing with those challenges, including whether to sell its television business.

© Reuters. FILE PHOTO: A view of the water tower at The Walt Disney Co., featuring the character Mickey Mouse, is seen at the company's headquarters in Burbank, California, February 7, 2011.   REUTERS/Fred Prouser  (UNITED STATES - Tags: BUSINESS)/File Photo

It is also actively seeking partners in its ESPN division, though Disney plans to retain ownership of its sports brand.

Earlier this week, activist investor ValueAct Capital Management disclosed it has built a large stake in Disney. Nelson Peltz's Trian Fund Management also said it has boosted its stake in the company.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.