Part 14/16:
In late 2022, Disney’s valuation halved, and subscriber numbers plummeted. Facing this crisis, Disney’s board turned to the man who had built its empire: Bob Iger. Returning as CEO in late 2022, Iger immediately announced sweeping cuts: 8,000 layoffs, cost reductions of $7.5 billion, and shrinking the movie slate. He promised a return to quality and storytelling focus, but the truth remains stark—Disney no longer leads with innovation.