Part 8/10:
Adding to Disney’s woes is the shuttering of projected expansions like the Disney Star Wars Galactic Star Cruiser hotel, which was closed after being deemed a failure. The project incurred over $100 million in losses, exemplifying the company's struggles to find successful innovation or profitable new ventures in an increasingly competitive entertainment landscape.
CEO Bob Iger’s Address and Future Outlook
CEO Bob Iger has been pressed to address these dwindling fortunes, especially in terms of box office disappointments and the broader entertainment strategy. While he maintains a positive outlook, analysts and observers remain skeptical about the company's ability to reverse these trends swiftly.