Money maker: In February Disney+ added a film of the Taylor Swift Eras Tour
Disney is set to report a jump in profits just weeks after the chief executive Bob Iger won a boardroom showdown with billionaire investor Nelson Peltz.
City and Wall Street experts predict it will report a profit of around £3.6 billion for the six months to March, thanks in part to a cost-cutting programme. This would be the best performance in six years.
Long-serving boss Iger, 73, left in 2020 but returned less than a year later after Disney’s earnings – and share price – slumped.
In March he had to fend off an attack from Peltz, who claimed the company had ‘lost its way’ and was seeking two seats on the Disney board. Disney has also benefited from a boom in its theme parks business. It runs six resorts worldwide.
But it is the £165 billion firm’s streaming business, Disney+, which investors are watching most closely.
As well as showing hit shows such as The Bear and Renegade Nell, in February it added a film of the Taylor Swift Eras Tour.
The business has attracted subscribers but has run up large losses. Iger has said he wants to make Disney+ profitable by the end of this year.
