It's rare for Disney Chief Executive Bob Iger to acknowledge his company has had creative missteps.
At the time, Disney's animation and live-action studio divisions had struggled with a string of failed movies, including including "The Alamo," and "Home on the Range" and "Pooh's Heffalump Movie."
He also acquired Pixar, giving Disney an immediate infusion of quality movies and a brand of storytelling that rubbed off on Disney's traditional animation studio.
In 2006, acquiring Pixar quickly improved Disney's film quality and box office results.
Iger noted the Disney animation studio's next release, "Wish," which stars Ariana DeBose and debuts in theaters on Wednesday, could begin a run of sustainable hits for Disney.
Persons:
Bob Iger, it's, I've, Iger, —, Alan Bergman, Ariana DeBose, Ralph, Coco
Organizations:
Disney, Pixar, Marvel, Star, Trian Partners
Locations:
Comscore