Bob Iger, the Chief Executive Officer of The Walt Disney Company, is considering a potential sale of its streaming services and other major assets, according to a report from Bloomberg. In a surprising turn of events, the sale could even include the entirety of the Disney Company.
The news comes after Iger's now famous interview with David Faber on "Squawk Box", held at a media conference in Sun Valley, Idaho. Notably, Iger's comments about the writers and actors strikes have gained significant traction and resonated across the internet.
During the interview, Faber speculated about a possible sale of ABC and its local stations, which he suggested "may not be core" to Disney's business. In response, Iger agreed and stated, "We have to be open-minded and objective about the future of those businesses."
Bloomberg's report indicates that Iger is responding to the steady decline of cable TV by considering the sale of most of Disney's TV assets. This includes popular networks such as ABC, Freeform, and FX.
The potential sale represents a significant shift in the entertainment landscape, given Disney's dominant position in the industry. However, it also reflects the ongoing transformation of the media industry, with streaming services gaining more prominence and traditional cable TV steadily losing ground.
These revelations have sparked widespread speculation about the future of Disney and its various properties. As of now, it remains uncertain whether a sale will proceed and, if so, who the potential buyers might be.
However, one thing is clear: Iger's willingness to consider such a move signifies a radical rethink about the shape and direction of one of the world's most iconic entertainment companies.