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Disney CEO Hints At Major Changes Coming Soon…


It’s no secret that Disney is struggling. …

The entertainment giant’s stock price continues to plummet amid boycotts, negative PR, and broken business models.

Now CEO Bob Iger is mulling over selling many of Disney’s media properties like ABC News and National Geographic. …

Even portions of ESPN may reportedly be sold-off, though Iger stated that ESPN’s situation is different from the other media properties in question and that ESPN will be treated differently.

It bears mentioning that none of this is concrete—Iger and insiders at the corporation are merely thinking about making these moves.

Iger recently sat down with CNBC to explain which media entities were being considered for sale from the entertainment giant’s portfolio:

Rasmussen Reports shared this poll indicating that ABC News is the least trusted mainstream news outlet, according to Americans polled.

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Forbes had more on the story:

Iger said the properties “may not be core to Disney” and that the company would be “objective” about their future—though he didn’t explicitly say the networks would be sold.

Iger, who previously worked as a senior ABC executive, said linear TV “clearly is a business that’s going to continue to struggle” and the business model is “definitely broken.”

Front Office Sports noted: “Disney is open to potentially selling an equity stake in ESPN — and is looking for a strategic partner in the business, CEO Bob Iger said Thursday morning.”

 

Variety offered this quote from Iger regarding Marvel IPs: “[Marvel] had not been in the TV business at any significant level. Not only did they increase their movie output, but they ended up making a number of television series, and frankly, it diluted focus and attention.”

 

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ABC News reported that Iger’s contract was recently extended:

The Walt Disney Company has announced that Bob Iger will remain CEO for two additional years, extending his contract through Dec. 31, 2026.

The Walt Disney Company Board of Directors voted “unanimously” to extend Iger’s contract.



 

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