‘There is a lot to do’: Bob Iger outlines vision for Disney as he returns as CEO - The Guardian

Priorities will be creativity and profitability, a shift from a costly streaming services growth strategy pursued by predecessor.

Returning Disney boss Bob Iger told employees that he will prioritize creativity and profitability at a staff meeting at the company’s Burbank headquarters on Monday – outlining a shift from a costly streaming services growth strategy pursued by his predecessor, who was dramatically ousted from the company eight days ago.

After a two-year break, he was reinstated after the company ousted Bob Chapek following an earnings report that showed the company lost close to $1.5bn in just three months on its streaming services platform.

But the chief executive also said that he did not plan to lift a hiring freeze at Disney and that the company would take cost-cutting measures seriously