A merger between Apple and Disney is “pure speculation,” Iger said, as he looks to right the ship at Disney, whose stock is down nearly 40% year-to-date.
Disney bleeding money in streaming coincided with its shares’ roughly 50% drop from its March 2021 peak, and Iger’s return comes amid several rumors of Disney’s next steps, including pursuing another major acquisition — like Disney’s purchase of 21st Century Fox and Marvel Entertainment under Iger’s watch — or potentially merging with the world’s most valuable company Apple.an Apple merger as “pure speculation” and saying he doesn’t expect Disney to make any large purchases any time soon.
In addition to overseeing widening losses in its crucial subscription business, Chapek faced a flurry of criticism amongand outside critics for his early refusal to speak out against Florida’s Parental Rights in Education Act, also known as the “Don’t Say Gay” bill for its restriction on educators discussing sexuality or gender identity in classrooms, given Disney’s outsized political influence in the state.
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