So a few pages back there was talk about Disney selling Star Wars. I mentioned that this rumour was related to Disney needing to stump up a few billions in cash to complete a transaction. Well bob Iger has just put up a third of Disneys businesses up for sale. No indication that Star Wars is amongst the items on sale. Clearly they still have more work to do, to run it into the ground
Edit: timing of the news seems to correspond with the steep loss in share price a few days ago.
Bob Iger shifts from building an empire to a Disney yard sale
Bob Iger built Disney into the world’s most powerful entertainment company by acquiring Pixar, Marvel and Lucasfilm. Now he’s looking to downsize.
Iger put roughly a third of the company up for sale this week, declaring Disney’s linear TV assets noncore. That includes TV networks ABC, FX and Freeform. He also said Disney is looking for a strategic partner for ESPN — though he’s not willing to sell the whole thing — and the company is already looking to sell or restructure its TV and streaming business in India.
Bob Iger Shifts From Building an Empire to a Disney Yard Sale
Netflix just had its best month in years and Disney is looking to sell its TV assets. What does that mean for the future of Hollywood?
www.bloomberg.com
Edit: timing of the news seems to correspond with the steep loss in share price a few days ago.
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