Disney ready to start building its business anew

Transcript

00:00 Walt Disney CEO Bob Iger addressed employees at a town hall meeting, acknowledging the

00:05 challenges the company has faced, but expressing optimism about its future.

00:10 He highlighted the company's efforts to rebuild and emphasized that building is more

00:14 enjoyable than fixing.

00:16 The presentation coincided with pressure from activist investor Nelson Peltz, who plans

00:22 to challenge the company's board.

00:25 Disney has undergone restructuring under Iger's leadership, aiming to make the business more

00:30 cost-effective.

00:31 The company is also evaluating options for its declining television business and seeking

00:36 investors for ESPN's streaming service.