Bloomberg Surveillance
Bloomberg Surveillance: Disney CFO Hugh Johnston
Feb 8, 2024
Disney CFO, Hugh Johnston, discusses cost-cutting efforts, the new sports bundle with Fox and Warner Bros. Discovery, and meeting viewers' needs. They emphasize delivering a great product and focus on bringing joy to families.
06:50
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Quick takeaways
- Disney has achieved $500 million in savings, resulting in a significant margin jump of 350 basis points.
- The focus in streaming is on enhancing the sports consumer experience and meeting fans wherever they choose to be.
Deep dives
Cost Cutting and Margin Improvement
The podcast episode discusses the progress made on cost-cutting measures and the resulting margin improvement. The speaker highlights that $500 million in savings have flowed to the bottom line, leading to a significant margin jump of 350 basis points. This success in managing costs while reinvesting in the business is expected to continue driving the top line.
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