Disney is one of the largest conglomerates in the entertainment industry, but it is struggling to run the business. Since CEO Bob Iger’s return last year, the company has cut costs by billions of dollars and laid off thousands of employees. Now Disney is reevaluating its presence in TV and is considering selling its investments in the sector, at the same time betting on streaming and digital content.
disney and tv
Iger shares
Bog Iger already spelled bad news for the TV industry before returning to the company, and he’s back with a mission to make streaming profitable (the same mission as other companies in the industry, like Netflix and Amazon).
Despite splitting into three sectors — Disney Entertainment (which handles streaming and media operations), ESPN and a parks, experiences and products unit — the CEO has focused on the digital arm: he has announced a series of actions to reduce costs and upgrade this area. Some of the measures include adding Hulu to the Disney+ catalog and increasing the price of the plans.
In this one, the TV has been left out. Now, according to Iger, those investments “may not be essential for Disney,” which he is considering divesting.
What the channels say
With information from CNBC
The Disney CEO’s post says the company is considering leaving the TV that first appeared on Olhar Digital.
Source: Olhar Digital
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
