Disney CEO Sees Theme Parks and Cruises As Growth Drivers
Skift Take
Walt Disney's Shanghai theme parks and its cruises showed particular strength early this year. That may help spare them from many of the broader cuts at the company.
Disney Parks, Experiences and Products will be a key growth driver for the Walt Disney Corporation, as it approaches its target of cutting $5.5 billion in costs across the company, said CEO and Director Bob Iger during an earnings call Wednesday.
In the first quarter, Iger announced plans to shed 7,000 jobs, cut billions of costs in content and non-content spending, and reorganize the company.
Disney Parks, Experiences, and Products Chairman Josh D’Amaro kept his position amid the reorganization.
Amid the shuffle, “authority and accountability” is returning to the company’s “creative leaders” and the company
