Los Angeles | Walt Disney CEO Bob Iger has hit back at activist investors with a slew of announcements, including a splashy investment in Fortnite maker Epic Games and plans to launch an ESPN streaming service in 2025.
Mr Iger revealed the plans on Wednesday (Thursday AEDT) after Disney’s board of directors authorised a $US3 billion ($4.5 billion) share repurchase program for the current fiscal year, and declared a dividend of 45 US cents a share, a 50 per cent increase from the dividend paid in January. Earnings-per-share topped Wall Street forecasts.
