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Disney's Bob Chapek orders hiring freeze, cost cuts to make Disney+ profitable

Por: Los Angeles Times Business November 12, 2022

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Bob Chapek wants Disney+ to be profitable by fiscal 2024, but meeting that goal is going to cause some pain at Walt Disney Co. The Disney chief executive on Friday confirmed what he'd signaled in his fourth-quarter earnings call earlier this week: Cost cuts are coming to the Mouse House, in the latest example of a broader retrenchment in Hollywood as the industry tries to figure out how to make money from streaming. In a memo to Disney... + full article



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