Bottom Line The Disney quarter had a lot to offer for the bulls.
In the current quarter, management expects operating results to improve by $200 million, pegging losses at around $800 million, which is in line with estimates on Factset.
By extension, Disney is reorganizing into three core business segments: Disney Entertainment, an ESPN division, and a Parks, Experiences and Products unit.
Iger wants Disney to be more efficient, and he believes this overhaul will make for a more cost-effective and streamlined approach to its operations.
Bob Iger, former CEO, The Walt Disney Company Scott Mlyn | CNBC