The Walt Disney Company (NYSE: DIS) gave an indication about some changes that could occur with Robert Iger at the helm in its annual filing.
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Iger took charge as CEO of Disney from November 20 onwards after succeeding Robert Chapek who had served as Disney’s CEO since 2020.
The entertainment giant stated in its SEC filing that it anticipates “Mr. Iger will initiate organizational and operating changes within the Company to address the Board’s goals.”
Disney added, “While the plans are in early stages, changes in our structure and operations, including within DMED [Disney media and entertainment distribution] (and including possibly our distribution approach and the businesses/distribution platforms selected for the initial distribution of content), can be expected. The restructuring and change in business strategy, once determined, could result in impairment charges.”
Shares of Disney have dropped 11% in the past month and more than 15% in the past three months. The company’s fiscal Q4 results proved to be disappointing for investors.
