Posted on 07/18/2023 6:32:01 AM PDT by Red Badger
Disney extended the contract of CEO Bob Iger for two years last week, and since then he has wasted no time in admitting that the company has a difficult road ahead of it.
In a recent interview with CNBC's David Faber, Iger suggested that Disney was perhaps spreading itself too thin and may reign in its television production to focus on films, which have been its bread and butter for decades.
"I'm extremely optimistic about the company and its assets," Iger told Faber, "but in some cases the challenges are greater than I had anticipated." He said his prior "pessimistic" predictions about the future of traditional TV had come true, noting that as CEO, he was open to the idea of selling off assets in that category, which "may not be core to Disney."
Included in Disney's TV portfolio are ABC and ESPN, both giants in their respective fields, as well as a number of in-house productions.
"The studio and its movie assets are number one at the global box office this year so far," Iger boasted. "That said, we're extremely realistic and I'm very objective about that business. There have been some disappointments; we would have liked some of our recent releases to perform better."
Iger argued that the perceived failures were not reflective of a personnel problem, but rather the fact that Disney, in its attempt to beef up its streaming content, had simply run its employees to the ground.
"Marvel is a great example of that," he argued. "They 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."
Iger, who ran Disney from 2005 to 2020, was briefly replaced by Bob Chapek, before being rehired in November 2022. Since then, he has overseen mass layoffs in addition to a restructuring to help ease some of the company's woes.
Awwwwwwwww! How will that effect YOUR bottom line there bobby? Not the company, YOUR bottom line. Dizzknee can phu cough!
Disney’s assets will live forever. The Disney Company...not so much.
I might get ESPN again if it goes back to its pre-Disney level of wokeness. Key word: “might”.
ESPN was good before it went political..............
So, Ole Bob Iger or Tiger or whatever his name is, embraced WOKE, made it his brand and decided to double down on it. In short, he took out the revolver, filled it with ammo, played Russian Roulette and now wonders why the “challenges” are higher than he anticipated.
The solution to their problems stares them right in the face but they’re too woke to see it.
“Loses trust in the American People”?
Sorry but that’s not remotely what he said or implied.
Basically he is acknowledging some truths.
Broadcast and cable TV are withering and never going to grow again.
Disney is all but guaranteed to be buying Hulu so they need to get the cash to do it so selling of ABC and other cable assets is not a bad move.
Dilution of their brands is a known fact, acknowledging that is also true.
About the only thing I would take exception to, is the following paragraph:
“ Iger argued that the perceived failures were not reflective of a personnel problem, but rather the fact that Disney, in its attempt to beef up its streaming content, had simply run its employees to the ground.”
And I agree with the latter part , but the prior part is definitely not true.
He could try following the very successful vision of the company that Walt founded. But I suppose that’s off the table.
Walt and this A hole had two distinct visions of the country.
Quite literally the easiest company to turn around. Just make good content without the indoctrination agenda.
Goodness, wholesomeness, children appropriateness are still cherished by a lot of people. Businesses that lose sight of that might, as they say, encounter headwinds.
Liberals ALWAYS DOUBLE DOWN ON STUPID.
ALWAYS........................
Trumpland? Trumpworld? Trumpcot Center?
When they bring back Song of the South I will consider forgiveness.
Is their real plan to sell Disney to the Chinese Communist Party ? LOL
Their bread and butter lost $800 million this year. Virtue Grandstanding is expensive.
So Bob, “Don’t Say Gay”?
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