Disney’s New CEO May Have to Cut Costs to Restore Profits as Streaming Loses Money

Disney’s New CEO May Have to Cut Costs to Restore Profits as Streaming Loses Money

Bob Iger must show Wall Street a new side to his character as he returns to lead Walt Disney by cutting costs and restoring profits in just two years after splurging cash on acquisitions and a streaming business last time round. The entertainment giant shocked investors late on Sunday evening…