04-12-19_JC_DISNEY

Credit: The Street
Published on April 12, 2019 - Duration: 00:51s

04-12-19_JC_DISNEY

There was a lot of Disney DIS headlines last night during Disney's investor event.

But, towards the end of the event, Bob Iger, CEO of Disney, announced that he would be stepping down and that the board has started discussing succession plans.

Disney CEO Bob Iger said he plans to step down at the end of 2021 when his current contract ends.

Iger made the announcement near the conclusion of Disney's investor day presentation devoted to unveiling Disney+.

Iger has been CEO of Disney since 2005 The Disney event showcased the announcement of Disney+, Disney's competitor to Netflix .

Rounding out Disney's existing portfolio of direct-to-consumer services - which includes ESPN+ and Hulu, as well as Hotstar in India - Disney+ is a "family-friendly" offering that brings together content from various Disney-owned brands, including National Geographic, Marvel, Pixar, Star Wars, the Disney Channel, as well as The Simpsons and other select programming from Fox, wrote TheStreet's Joseph Woelfel.

Disney+ will launch on Nov.

12, 2019, and will be priced at $6.99 a month, or $69.99 a year.

Kevin Mayer, head of Disney's direct-to-consumer and international segments, said the company "might" offer bundling with ESPN+ and Hulu at a discounted rate.

Related.

Here's My Earnings Cheat Sheet for the Bank Stocks

Advertisement

You are here

β€Ί Videos β€Ί 04-12-19_JC_DISNEY

Recent related news from verified sources

BURBANK, Calif.--(BUSINESS WIRE)--The Walt Disney Company (NYSE: DIS) Board of Directors today announced a semi-annual cash dividend of $0.88 per share, payable...
3 hours ago • Business Wire

When Hulu buys series for the streaming service, The Walt Disney Co. wants in on the action. The studio aims to produce most of the platform’s original content...
5 days ago • bizjournals

Recent related videos from verified sources

Dow Movers: DIS, MRK 01:03
Credit: Market News Video - Published 2 days ago 

Dow Movers: DIS, CVX 01:02
Credit: Market News Video - Published 5 days ago 

Dow Movers: MCD, DIS 01:02
Credit: Market News Video - Published 2 weeks ago 

Dow Analyst Moves: DIS 01:14
Credit: Market News Video - Published on May 21, 2019 

You might like