Walt Disney Co.’s shares climbed after Chief Executive Officer Bob Iger announced plans for a dramatic restructuring of the world’s largest entertainment company, including 7,000 job cuts and $5.5 billion in cost savings.
The reductions include plans to trim $3 billion from its budget for movies and TV shows and the rest in non-content related areas. About $1 billion of the savings are already underway, Iger said Wednesday on a conference call with investors.
As part of the change, Disney’s CEO also announced that the company will be reorganized into three divisions: an entertainment unit that includes its ...
Read Full Story: https://news.google.com/rss/articles/CBMibmh0dHBzOi8vbmV3cy5ibG9vbWJlcmdsYXcu...
By RealWV Staff, WHITE SULPHUR SPRINGS, WV – In a revised court filing yesterday, as first reported by Brad McElhinny with WV MetroNews, The Greenbrier Hotel’s ownership leveled charges that Omni...