Bob Iger wants more Zootopia, Frozen, and Toy Story sequels from Disney
Following last month’s rumblings that Disney might be gearing up for a massive round of layoffs, CEO Bob Iger confirmed during this week’s earning call that the company plans to let go of 7,000 employees in an effort to deal with our current “challenging economic environment.” Firing off swaths of workers is one way to cut costs in the short term, but as Iger looks to the future, he also sees doubling down on the studio’s massive movie franchises with sequels as its key to continued growth.
Iger insisted on Wednesday that this newest chapter of Disney’s story will be defined by structural transformation meant to “improve margins and returns and better [position’] us to weather future disruption.” But the newly returned CEO also made...