Get the latest gossip

Disney beat back activist investor Nelson Peltz. Now the real work begins

Disney CEO Bob Iger has a year to show investors they were right to back him and the board over Trian Partners' Nelson Peltz.

Iger's confidence that Disney will make streaming profitableby the end of the fiscal year stems from draconian cost-cutting on content, which includes new movies, sports rights spending and TV production. He'll want to make sure that person is prepared to run an expansive company, with a flourishing parks business, a declining legacy TV unit, a still young streaming division, and a struggling but legendary movie studio. CEO Bob Iger now must show investors he can follow through on a number of priorities, including improving box-office hits, getting streaming to profitability, clarifying ESPN's digital strategy and choosing a successor.

Get the Android app