There are some major things going on with the Walt Disney Company right now.
The 100th Anniversary celebration is underway, and new restaurants and resort expansions have been announced. The Company is also in the middle of a number of lawsuits and facing ongoing battles in Florida and elsewhere. While there are thousands of folks whose hands touch these matters, there’s one person at the forefront that’ll have some big questions to answer tomorrow — CEO Bob Iger.
According to CNBC, current Disney CEO Bob Iger will be speaking with CNBC’s David Faber on “Squawk Box” tomorrow — Thursday, July 13th — at 8AM ET.
The program will be live from Sun Valley, ID and it will be a CNBC exclusive interview.
The exact matters on which Iger will talk during this interview have not been revealed, and unfortunately, Madame Leota is a bit busy at the moment so we can’t tell you everything that’ll happen in the future, but if the past and the major problems of the present are any indication, we could get some important info from Iger tomorrow.
Why? Well, let’s talk about some things that Iger has discussed in the past with CNBC on “Squawk on the Street.” Back in February, that’s when Iger gave an important update about his “preference” to stay at Disney just for the 2 years he has been brought back for and whether he would stay longer.
Back in early 2023, Iger also discussed the Company’s plans with Hulu and whether Disney was still interested in buying the remaining interest in Hulu. It was at that point that Iger interestingly pointed out that the assumption that Disney would buy out all of Hulu might “not necessarily be the case,” marking a stark reversal in strategy for Disney.
In the past, CNBC has also been the spot for HUGE updates on Disney battles, like the one that happened with Nelson Peltz.
So what big questions could Iger address tomorrow? Well, he could once again talk about his remaining time with the Disney Company — which is quickly passing by — and the search for a new CEO successor, particularly considering the recent departure of some major executives from Disney (like Christine McCarthy — the former CFO).
Iger could also be questioned about Disney’s stock value, which is actually doing worse today than it was a year ago. Many investors may be wondering what Iger is doing or will do to increase that stock value, and whether they should be concerned about its value at the moment.
On top of that, the writers strike has already impacted Disney. Iger may seek to address concerns regarding that strike and the looming threat of an actors strike. Some may be curious as to how Disney plans to handle this situation, what steps they’re taking now, and how it could impact Disney+ — particularly since Iger has made it a focus of his to improve Disney+ and work toward its profitability.
On the parks side, we’ve seen LOTS of discounts announced and some surprisingly low crowds at times, hinting toward a potentially EMPTY summer season. Some may be curious to know what Disney’s outlook is on all of this, how attendance numbers are looking, and what we might be able to expect in terms of the parks’ financial results in the coming quarter.
Plus, Disney is still involved in an ongoing battle with Florida Governor Ron DeSantis and lawsuits involving the Reedy Creek Improvement District (now Central Florida Tourism Oversight District). How is Iger planning to handle the situation? What could be next for the Company and this conflict? Iger could give some insight there.
Those are just a few of the big questions investors and others might have surrounding the Walt Disney Company which Iger could answer tomorrow.
We’ll be watching the interview to share ALL the updates with you, so be sure to stay tuned for news on that. And check back with us for the latest Disney info.
Click here to see 10 controversial things Iger has said about Disney’s alleged “Woke Agenda”
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