Kathleen Kennedy, president of Lucasfilm, is reportedly planning to retire by the end of 2025. Her tenure has seen both successes and challenges, including the revival of the Star Wars franchise and financial disappointments with recent films.
Disney stock experienced a significant rise of over 9% after the company's fiscal fourth-quarter earnings report exceeded Wall Street forecasts for both revenue and profits. The conglomerate reported revenue of $22.57 billion, surpassing analyst predictions, and demonstrated growth from the previous year. Disney showcased notable profitability in its direct-to-consumer streaming segment, a key driver of this positive financial performance. Disney's succession planning also came to light as it looks for a successor to CEO Bob Iger. This earnings report illustrates a broader strategic focus on streaming services, amidst challenges in traditional media sectors.