2/9, 3:37 PM (Source: TeleTrader)
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Iger: Disney to focus on its streaming business

Disney's Chief Executive Bob Iger confirmed on Thursday that he plans to stay at the company's helm for two years, in accordance with his contract and personal preference.

In an interview with CNBC, Iger said that Disney's main goal remains making its streaming business profitable, explaining that Disney has to grow the subscriber numbers to reach this goal.

Iger's remarks come a day after the entertainment giant presented its earnings report, and announced new reorganization plans under which it will lay off about 7,000 employees.

Baha Breaking News (BBN) / ND