BREAKING: CEO Bob Iger Considering Selling Streaming Services and Other Assets, May Even Try to Sell Entire Disney Company
Submitted 9 months ago by realcaseyrollins to moviesandtv@lemmy.film
https://wdwnt.com/2023/07/disney-ceo-bob-iger-looking-to-sell-abc-fx-and-freeform/
Comments
midway@soapbox.midwaytrades.com 9 months ago
In the ultimate twist of irony, George Lucas buys Disney for $1B less than he received for selling them LucasFilms. :)realcaseyrollins 9 months ago
That's the good ending
maxmustermann@shitposter.club 9 months ago
@realcaseyrollins Pisney is toast.realcaseyrollins 9 months ago
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.
EyesEyesBaby@lemmy.world 9 months ago
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.
YoBuckStopsHere@lemmy.world 9 months ago
Netflix and Hulu will eventually win the streaming wars. Disney owns most of Hulu though.
realcaseyrollins 9 months ago
I didn't even know that there were profitable streaming services
echoplex21@lemmy.world 9 months ago
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.
TheOneCurly@lemmy.theonecurly.page 9 months ago
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.
realcaseyrollins 9 months ago
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
moobythegoldensock@geddit.social 9 months ago
May Even Try to Sell Entire Disney Company
In India.
JoumanaKayrouz@lemmy.world 9 months ago
Damn, I was going to buy it too.
moobythegoldensock@geddit.social 9 months ago
You should still consider it. I hear it’s only going to cost about tree fiddy.
LazaroFilm@lemmy.film 9 months ago
He’s that worried of loosing his house now?
realcaseyrollins 9 months ago
He should be. Disney is clearly in trouble.