Iger additionally stated there was a necessity for some consolidation within the streaming trade and Disney was ultimately double-digit margins in streaming, in a wide-ranging interview with CNBC.
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The interview got here only a day after Disney buyers backed Iger and different firm administrators, defeating a marketing campaign by activist buyers together with Nelson Peltz who argued that Disney had underperformed within the streaming-television period.
“The proxy vote was a decisive, true endorsement of the board,” he stated, enjoying down criticisms of the activist buyers and saying that the corporate was targeted on succession – one of many main duties going through the board of Disney.
Requested about criticism from billionaire Elon Musk, who had backed Peltz within the proxy battle, Iger stated: “I ignore it.”
