Marvel is a great example of that.
They had not been in the TV business at any significant level.
That surge diluted focus and attention both internally and for audiences awash in new titles, Iger said.
That is more the cause than anything else.
The exec took pains to note that its not a problem from a personnel perspective.
In addition to staff reductions, Disney is reining in spending across the board.
Pulling back will refocus employees and talent, Iger said, and also suits the cost-containment moment.
Faber asked Iger if he regretted foregoing that longtime revenue source to prop up Disney+.
As it turns out, I think we made the right decision there to go into that business.
it will be a growth business for us.
We will turn it around, Im confident of that.
