Disney warns restructuring could result in impairment charges


(Reuters) -Walt Disney Co on Tuesday said it anticipates organizational and operational changes in the company that could result in impairment charges, according to a regulatory filing.

The changes follow Bob Iger's return as Disney's chief executive officer.

Disney said Iger's mandate is to put the company on the path for renewed growth. As he sets a strategic direction for the company, Disney said it anticipates changes in the coming months.

On the first day on the job, Iger announced plans to restructure the Disney Media and Entertainment Division, a unit his predecessor created in October 2020 to centralize the distribution of content.

The restructuring and change in business strategy, once determined, could result in impairment charges, the company said in its filing.

Read more:

'Boomerang CEOs' don't always work out; Disney hopes this one bucks trend

Disney brings back Bob Iger as CEO in surprise move to boost growth

Disney CEO Iger makes profitable streaming a priority

(Reporting by Dawn Chmielewski in Los Angeles; Editing by Mark Porter and Lisa Shumaker)


More Related News

Peltz's Trian seeks to rally Disney shareholders against board director Froman

Activist investor Nelson Peltz's hedge fund Trian Fund Management wrote to Walt Disney Co shareholders on Thursday to make the case for replacing the media...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply


  • mamparas de ducha a medida
    (2022-11-30 09:59:10Z)

    Cheap screens Catch these Offers that fly! Modern shower and bathroom screens Are you looking for the best brands The best prices Frontal, Corner, Fixed, Sliding.

  • visit us
    (2022-11-30 10:49:53Z)

    Handmade Irish Baptism Dresses Christening Gowns to hand down to future generations Quality Irish Linen hand sewn by Helen Marie Suitable for Boys Girls.Please click here and in our website for more details.


Top News: Economy