Nov 29 (Reuters) - Walt Disney Co on Tuesday
said it anticipates organizational and operational changes in
the company that could result in impairment charges, according
to a regulatory filing.
The changes follow Bob Iger's return as Disney's chief
Disney said Iger's mandate is to put the company on the path
for renewed growth. As he sets a strategic direction for the
company, Disney said it anticipates changes in the coming
On the first day on the job, Iger announced plans to
restructure the Disney Media and Entertainment Division, a unit
his predecessor created in October 2020 to centralize the
distribution of content.
The restructuring and change in business strategy, once
determined, could result in impairment charges, the company said
in its filing.
'Boomerang CEOs' don't always work out; Disney hopes this
one bucks trend
Disney brings back Bob Iger as CEO in surprise move to boost
Disney CEO Iger makes profitable streaming a priority
(Reporting by Dawn Chmielewski in Los Angeles; Editing by Mark
Porter and Lisa Shumaker)