Bob Iger Acknowledges Rivalry Between Entertainment & Parks To Drive Disney Profits, Says Both “Have Ability To Grow Nicely”

Disney CEO Bob Iger spoke at length on the future of parks and entertainment as they vie for top billing at the company in terms of growth, telling investors on a call after earnings that, “we have a healthy competition now in our company in terms of which of those two businesses is going to essentially prevail as the number one driver of profitability for the company.”

“But I’m confident that both have that ability. Meaning both have the ability to grow nicely into the future, given all the investments that we’ve made and the trajectory that we’re on,” he said.”

“It’s clear that the future of both of those businesses [are] bright,” he added.

More to come.

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