Will 'quiet the noise' in culture wars, Disney CEO tells investors

Robert Besser
25 Sep 2023, 03 GMT+10

A note by Needham media analyst Laura Martin released this week revealed that CEO Bob Iger told investors that Walt Disney would "quiet the noise" in its culture war against social conservatives in the U.S.
Iger's statement was part of an investors' presentation on Tuesday at Walt Disney World Resort in Orlando, Florida
Iger also announced that Disney will double its investment in theme parks and cruise ships over the next decade

BURBANK, California: A note by Needham media analyst Laura Martin released this week revealed that CEO Bob Iger told investors that Walt Disney would "quiet the noise" in its culture war against social conservatives in the U.S.

Iger's statement was part of an investors' presentation on Tuesday at Walt Disney World Resort in Orlando, Florida.

Iger also announced that Disney will double its investment in theme parks and cruise ships over the next decade.

The global media and entertainment conglomerate faces many challenges, such as making its streaming business profitable, improving the quality of its films, and potentially closing its television networks.

In 2022, Disney publicly criticized Florida legislation restricting classroom discussion of sexual orientation and gender identity.

In response, Governor Ron DeSantis responded by campaigning against "woke Disney," and used state legislature to remove the company's self-governing authority over its parks in the state.

Conservative commentators have also criticized Disney for its casting of Halle Bailey, a Black actress, in the lead role of Ariel in its recent live-action version of "The Little Mermaid."

In 2022, several countries banned the Pixar Animation Studios film "Lightyear," which depicts a same-sex couple kissing.

During the company's annual shareholder meeting in April, Iger responded to an investor who said that Disney was becoming too concerned with social issues.

"Our primary mission needs to be to entertain and to have a positive impact on the world. I am very serious about that. It should not be agenda-driven," he said.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Colorado Star.

More Information

34 ℉

Fair in Aurora/Buckley Afb

International Business

Section

Microsoft president denies super-intelligent AI possible in 12 months

REDMOND, Washington: Microsoft President Brad Smith said there is no chance of super-intelligent artificial intelligence (AI) being developed within the ...

India to become world's third largest economy S&P

The South Asian nation will be the fastest-growing emerging market in the coming years, the rating agency saidIndia is set ...

SIAL India and Vinexpo India set to showcase global culinary diversity in New Delhi exhibition

New Delhi [India], December 5 (ANI): The culinary world is gearing up for a showcase at the 5th edition of ...

ADB, GEAPP and MAS join forces for energy transition finance partnership in Asia

New Delhi [India], December 5 (ANI): The Asian Development Bank (ADB), the Global Energy Alliance for People and Planet (GEAPP), ...

US Commerce Secy Raimondo, Piyush Goyal discuss future collaboration on supply chains

Washington DC [US], December 5 (ANI): US Secretary of Commerce Gina Raimondo and Union Minister for Commerce and Industry Piyush ...

Yellen Heads to Mexico to Boost Work on Fentanyl, Supply Chains

washington - U.S. Treasury Secretary Janet Yellen will travel to Mexico City this week to boost cooperation with Mexican counterparts ...

US

Section