The rest in incremental and will fully materialize by the end of fiscal 2024.
Disney is the latest conglom to wield the axe on content from giant Warner Bros.
Discovery one down as challenges mount for streaming, advertising and stock prices.
Disney
That said, Disneys DTC losses narrowed last quarter.
Discovery CEO David Zaslav has promised investors $3.5 billion in cost cuts.
The rest of the savings will materialize by 2024.
Disney said today its laying off 7,000 staffers.
The company said its committed to running its business more efficiently to enhance profitability.
