Disney management to host company-wide town hall on Nov. 28

FILE PHOTO: A view of the water tower at The Walt Disney Co in Burbank

(Reuters) - Walt Disney will host a company-wide town hall on Nov. 28 to discuss future projects, according to an internal memo from CEO Bob Iger.

The event will take place exactly a year after Iger hosted his first employee town hall upon returning to Disney as chief executive.

Film division head Alan Bergman, parks chief Josh D'Amaro, ESPN's Jimmy Pitaro, and Dana Walden, who leads the TV business, will also join Iger in the discussion moderated by ABC News anchor David Muir, according to the memo, which was seen by Reuters.

The talk will focus on "future building opportunities" at Disney, the memo said.

Disney is facing declining television ad revenue, a movie box office that has yet to return to pre-pandemic levels and a streaming business that has yet to turn a profit.

Iger has told investors that the company is evaluating options for dealing with those challenges, including whether to sell its television business.

It is also actively seeking partners in its ESPN division, though Disney plans to retain ownership of its sports brand.

Earlier this week, activist investor ValueAct Capital Management disclosed it has built a large stake in Disney. Nelson Peltz's Trian Fund Management also said it has boosted its stake in the company.

(Reporting by Yuvraj Malik in Bengaluru and Dawn Chmielewski in Los Angeles; Editing by Shilpi Majumdar)