2y ago

BREAKING: CEO Bob Iger Considering Selling Streaming Services and Other Assets, May Even Try to Sell Entire Disney Company

https://wdwnt.com/2023/07/disney-ceo-bob-iger-looking-to-sell-abc-fx-and-freeform/

28 comments

May Even Try to Sell Entire Disney Company
In India.
Misleading title is misleading.
- Damn, I was going to buy it too.
  
  You should still consider it. I hear it’s only going to cost about tree fiddy.
Selling distribution seems like a decent move. Focus on production and sell to every other steamer.
Selling the whole company is click bait. Even Apple (suggested in the article), doesn't have the cash or desire to buy Disney outright. At best it would look like a merger and be mostly stock but it'd still be monumentally stupid for everyone.
- Yep, production is where the money's at. Paramount/Viacom figured this out long ago, with their CBS strategy of making cheap crappy shows with 25 episode seasons and then pawning them off on cable TV for syndication
I always thought Netflix and Disney+ were the only profitable streaming services. Turns out Disney+ is making huge losses.
Netflix and Hulu are the only ones making a profit.
- I didn't even know that there were profitable streaming services
  
  I knew about Netflix but had no idea Hulu was profitable as well. I wonder what Comcast will do with their stake in Hulu then.
- Netflix and Hulu will eventually win the streaming wars. Disney owns most of Hulu though.
In the ultimate twist of irony, George Lucas buys Disney for $1B less than he received for selling them LucasFilms. :)
- That's the good ending
The article mentions maybe selling to Apple. I hope not. Apple is already too big. Apple + Disney would be entirely too large a monopoly.
- Apple TV is actually good especially for sci-fi. They'd probably make Star Wars not suck again
- Apple would be a better custodian of Disney content than Disney themselves, at least.
  
  Id love to see the orville under apple.
- I guess this is a weird one because I think apple runs it’s streaming service the best out of all of them. They seem to actually let creatives control the shows instead of strong-arming them with an army of producers. Plus, apple wouldn’t buy all of Disney, just part of the entertainment division.
He’s that worried of loosing his house now?
- He should be. Disney is clearly in trouble.
@realcaseyrollins Pisney is toast.
- I hope not, because having more players in the space is better than losing one, but it's seeming like at the very least Disney will be stepping back.
  I think the best case scenario though is just for Disney to give the properties they bought from Fox Corp back to them.

28 comments