As a new organizational structure is underway at The Walt Disney Co., CEO Bob Iger said some of your favorite Disney characters are returning to the big screen.
During Wednesday's earnings call, Iger said new sequels to the movies "Frozen," "Toy Story" and "Zootopia" are currently in the works. He also said the "Avatar" experience will be coming to Disneyland in Anaheim.
In a statement, Iger said Disney is embarking on a "significant transformation" that management believes will lead to improved profitability at the company's streaming business. In its latest results, solid growth at Disney's theme parks helped offset tepid performance in its video streaming and movie business.
Revenue grew 8% to $23.51 billion from $21.82 billion a year earlier. Analysts were expecting revenue of $23.44 billion. Disney+ ended the quarter with 161.8 million subscribers, down 1% from since Oct. 1. Hulu and ESPN+ each posted a 2% increase in paid subscribers during the quarter.
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