Updated Nov. 8, 2023 6:12 pm ET
Walt Disney said it would slash $2 billion more in costs than previously planned and has sharply narrowed losses in its streaming business, marking progress in two areas that Chief Executive Bob Iger has stated are crucial to the company’s future.
The entertainment giant said Wednesday in its earnings report that it is seeking $7.5 billion in annualized cost efficiencies, up from the $5.5 billion it targeted at the beginning of this year.
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