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In a recent investor meeting, Disney CEO Bob Iger assured stakeholders that the major issues plaguing the entertainment behemoth have been resolved. Iger expressed his belief that the company is now entering an "era of building" after a difficult year of workforce reduction and restructuring. These efforts have resulted in significant cost savings and overall growth for the company. While acknowledging that there is still work to be done, Iger stated that the progress made by Disney has allowed them to move past the challenging period of fixing and focus on expanding their business once again. One of the main challenges faced by Disney has been the decline in their traditional television and movie business. After observing substantial losses in its new streaming service, Disney+, the company recalled Bob Iger from retirement and reinstated him as CEO. The company's stock price has since dropped significantly, and it has faced pressure from activist investors demanding improvement. However, Disney reported that losses in its streaming business are narrowing. The core streaming offering, excluding Hotstar in India, gained nearly 7 million subscribers in the three months ending in September. This growth was attributed to the release of popular films like Guardians of the Galaxy 3, Little Mermaid, and Elemental. As a result, operating losses reduced to $420 million, compared to over $1.4 billion during the same period last year. Disney has also been taking steps to enhance its online offerings, including ESPN+. Additionally, the company recently announced plans to acquire the remaining stake in Hulu to strengthen its content. Mr. Iger stated that a trial version combining Hulu and Disney+ shows would be launched in the coming weeks. According to Paolo Pescatore of analysts PP Foresight, integrating Disney+, Hulu, and ESPN in the future will position the company strongly to increase subscribers, engagement, and revenue through subscriptions and advertising. Disney is on track to cut expenses by $7.5 billion, exceeding their original target by $2 billion. These cost-cutting measures follow the significant workforce reduction of over 8,000 jobs. However, the company is currently facing a strike by Hollywood actors, causing production delays. Iger attributed some of Disney's challenges to a focus on quantity rather than quality as they expanded their streaming service. The company is now prioritizing the production of fewer, high-quality titles to boost profitability and popularity. Looking ahead, Disney plans to allocate $25 billion for content over the next 12 months, with 40% of that going to purchasing sports rights. Despite recording a 5% revenue growth over the last quarter and a 7% increase for the financial year ending in September, with a profit of $264 million and $2.4 billion respectively, there are still significant hurdles ahead for the entertainment giant. Overall, these positive results provide some relief and breathing space for CEO Bob Iger to move Disney into its anticipated "building" phase, as noted by Paul Verna, principal analyst at Insider Intelligence. However, challenges lie ahead that will require strategic navigation by the company.