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Disney outlines cost-cutting and revenue strategies for growth

investing.com 09/12/2024 - 18:55 PM

Disney Financial Strategy Updates

Disney (NYSE:DIS) officials have emphasized the importance of ongoing cost reduction efforts as part of their financial strategy, according to Bloomberg.

The company anticipates that its fiscal year 2025 operating income growth will be more significant in the second half of the year.

To boost revenue streams in a competitive digital entertainment market, Disney plans to raise prices for its streaming services.

Additionally, Disney reported strong future bookings for Disneyworld, with rising reservations for the next summer season, indicating a positive outlook for its theme park division and overall profitability.

As part of its content strategy for Disney+, the company is also exploring the possibility of licensing content from other companies.

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