Disney+ Surpasses 150M Users Amid Fixes, Says CEO Bob Iger

The recent business update from Disney highlights CEO Bob Iger's acknowledgment of a challenging period necessitating a "fixing" process as the company adapts to industry upheavals. Despite these challenges, Disney is witnessing subscriber growth on its Disney+ platform, now surpassing 150 million subscribers, albeit with losses in the Indian market via Disney+ Hotstar. Moreover, Iger comments on cost-cutting measures, with intentions to save around $7.5 billion.

Disney's strategy included layoffs, with 7,000 positions cut since March 2023. Iger also notes a saturation of Marvel content, possible theatrical disappointments, and concerns about labor disputes. Reports suggest that Disney may be looking to expand into the gaming industry through potential acquisitions.

In the broader entertainment landscape, there's news on other Disney-related projects, including Marvel's upcoming ventures and a new "Ghostbusters" installment. A significant note for gamers is the anticipation of a new trailer for "GTA 6" in December and details on "Call of Duty: Modern Warfare 3" multiplayer and Zombies mode availability.

The article lastly touches on a collaboration between Nintendo and Sony for a live-action "Legend of Zelda" movie, featuring co-financing from Sony and production involvement from key industry figures.