The Walt Disney Company reported improved revenues in the second quarter and a narrowing of streaming losses, despite losing subscribers at Disney+.
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Disney+ shed 2.4 million subscribers in the first quarter of fiscal 2023, while overall revenues at The Walt Disney Company rose by 8 percent to $23.5 billion.
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Bob Chapek, chairman of Disney parks, experiences and products, has been named CEO of The Walt Disney Company, effective immediately, while Robert A. Iger assumes the role of executive chairman and will direct the company’s creative endeavors.
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