Submitted 1 year ago by realcaseyrollins to moviesandtv@lemmy.film
https://wdwnt.com/2023/07/disney-ceo-bob-iger-looking-to-sell-abc-fx-and-freeform/
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.
That's the good ending
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.
He’s that worried of loosing his house now?
He should be. Disney is clearly in trouble.
moobythegoldensock@geddit.social 1 year ago
In India.
JoumanaKayrouz@lemmy.world 1 year ago
Damn, I was going to buy it too.
moobythegoldensock@geddit.social 1 year ago
You should still consider it. I hear it’s only going to cost about tree fiddy.