Filing: Disney now owns 100% of streaming tech company BAMTech after paying $900M for MLB’s 15% stake in November 2022; Disney acquired a majority stake in 2017 (Alex Weprin/The Hollywood Reporter)

Alex Weprin / The Hollywood Reporter:
The Walt Disney Company’s board announces that Bob Chapek will step down as CEO, and Bob Iger will return to take his place, effective immediately  —  Disney’s board of directors announced the move Sunday evening.

Sarah Krouse / Wall Street Journal:
Bob Iger returns to a more competitive and challenging streaming landscape and should steer Disney+ to profitability without cannibalizing Disney’s other units  —  Incoming CEO championed Disney+, but needs to steer streaming business toward profitability without cannibalizing other Disney units

Lauren Forristal / TechCrunch:
Disney hit 235.7M global streaming subscribers in its Q4, above Netflix’s 223.1M in its Q3; Disney+ had 164.2M subscribers, Hulu had 47.2M, and ESPN+ had 24.3M  —  Disney reported results for the final quarter of its 2022 fiscal year today, revealing a total of 164.2 million Disney+ global subscribers …

Wall Street Journal:
Sources: Disney explores a membership program similar to Amazon Prime, bundling streaming, theme parks, and merchandise, and adding commerce features to Disney+  —  Entertainment giant looks to package streaming, parks and merchandise offerings together; aims to add commerce feature to Disney+

Joseph De Avila / Wall Street Journal:
Disney rolls out ad-supported Disney+ for $7.99 per month; the ad-free version will now cost $10.99 per month, up from $7.99  —  The overhaul of Disney+ comes after a slowdown in subscriber growth for streaming services  —  Walt Disney Co. DIS .68%increase; green up pointing triangle rolled …

Ingrid Lunden / TechCrunch:
Airwallex, which provides cross-border banking and other financial services for businesses, raised a $100M Series E2, bringing its total funding to over $900M  —  The economy may be showing many signs of contraction right now, but many companies still need to do business internationally.