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[Music] foreign were getting some headlines from the Disney investor call Cost cutting is the theme and you can see investors reacting to it with shares up more than eight percent Disney is looking to find 5.5 billion in cost savings and well be cutting 7 000 jobs to help do so CEO Bob Iger also announcing the companys going to restructure into three units and heres the key Disney entertainment ESPN and Disney Parks experiences and products Pros whats your reaction you know a lot to parse there right Dave you know so you hear about those cuts three billion coming from content alone but theyre not touching sports right theyre not touching Sports theyre leaving that alone three loving seven thousand job layoffs its hard its hard to say that but its true they do its it is going to be a big cost driver for the company and and then also talking about ESPN now its own separate unit right so what does that mean for the company does it make it easier to maybe spin off is it easier
