Walt Disney (DIS) may incur impairment charges under returning CEO Bob Iger’s restructuring plans, the entertainment and media giant said this week.
Iger, a Disney CEO from 2005 to 2020, reclaimed the job on Nov. 20 after the company’s board abruptly ousted his chosen successor Bob Chapek. Iger has since indicated his priority is restructuring the company’s Disney Media and Entertainment Distribution (DMED) segment.
The business, created during Chapek’s tenure, subordinated Disney’s film production; TV assets including ABC, ESPN and other cable channels; and streaming platforms Disney+, Hulu, and ESPN+ to a single companywide distribution group. Iger has said he’s planning an overhaul “that puts more decision-making back in the …
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