Iger eyes new plan for Disney

Walt Disney CEO Bob Iger is expected to discuss a turnaround plan Wednesday, when the company delivers its first quarterly results since the return of the executive who built the modern incarnation of Disney.

As anxiety sweeps across the rank and file at the entertainment conglomerate, according to employees and company observers, investors said they anticipate Iger will articulate a new vision for the company he ran for 15 years.

“It’s Bob Iger presenting for the first time in public. Everybody’s going to be listening,” said Bank of America analyst Jessica Reif Ehrlich.”

Disney is under pressure from activist investor Nelson Peltz, chief executive of Trian Fund Management, who has launched a proxy battle to place himself on the board. He has accused the company of underperforming financially.

Wall Street is waiting for Iger’s assessment of Disney’s streaming business, which he launched in 2017.

The company has 235.7 million subscribers across its three streaming services — Disney+, Hulu and ESPN+ — even as losses rose to $1.5 billion in the most recent quarter.