Disney May Sell TV Assets

  • last year
Walt Disney CEO Robert Iger has said the company may sell off its traditional TV assets, including ABC and FX, as the distribution and business model for traditional TV is "definitely broken". The company will likely seek a strategic partner for its ESPN sports business to help it transition to a direct-to-consumer model. The announcement follows the company's extension of Iger's contract through 2026. The traditional TV business saw a 35% decline in operating income to $1.8 billion in Disney's most recent quarterly earnings report, as cable TV cord-cutting picked up.

Recommended

0:40
I
Up next
Dell Sees 9% Revenue Boost as AI-Optimized Server Sales Surge. AI Server Backlog Hits $3.8 Billion Amid Revenue Growth
Benzinga
0:39
Lululemon Misses Revenue Target for First Time in Two Years Amid Botched Launch. CEO Defends Brand's Strength
Benzinga
0:36
Ulta Beauty's Earnings Miss Expectations as Same-Store Sales Decline. CEO Dave Kimbell Attributes Defends Company's Engagement and Operations.
Benzinga
0:42
Nvidia May Invest $100 Million in OpenAI, Joining Apple and Microsoft. Massive Funding Round Could Value the AI Startup at Over $1 Billion.
Benzinga
0:29
Former First Lady Melania Trump Opens Up About Emotional Journey of Writing Her Memoir as It Climbs up Amazon's Best Sellers List Ahead of Release Date
Benzinga
3:40
Double Blast in West Bank: Car Bombs Rock Gush Etzion and Karmei Tzur; Involved Militants Killed
Oneindia
3:09
‘NO Support for F-16s’: Biden Nixes Zelensky’s Fix Request As F-16s Fall Flat Against Russia
Oneindia
12:12
WATCH| Jamaat-e-Islami Enters Kashmir Politics: Will Independents Assist BJP in Elections?
Oneindia
0:38
Alibaba Concludes 3-Year Regulatory Overhaul, Aligns with China's Antitrust Rules
Benzinga
0:37
Elon Musk's X Lawsuit Against Nonprofit Media Watchdog Media Matters for 'Deceptive' Report to Proceed
Benzinga
0:38
Nvidia Posts Impressive $30 Billion in Q2 Sales, but Shares Slip 5%. Are Investors Souring on the AI Chip Giant
Benzinga
1:31
Recently Spotted Asteroid Set for Near Miss With Earth
Wibbitz Top Stories
1:05
5 Facts About Cameras (National Camera Day, June 29)
Wibbitz Top Stories
1:02
Surprising Stats That Highlight the Power of Social Media (Social Media Day, June 30)
Wibbitz Top Stories
0:40
U.S. Economy Surpasses Expectations with 3% GDP Growth in Q2. Inflation Remains Above Target, But Far from Pandemic Highs.
Benzinga
0:38
Chinese Military Leader Calls for End to U.S. Military Support and 'False Narratives' of Taiwan During National Security Advisor's Visit
Benzinga
0:37
Dollar General Shares Dive 25% After Slashing Sales Outlook, Cites Struggles Among Its Lower-Income Customers
Benzinga
0:41
Could New Footage Tie Saudi Arabia to 9/11?  Families Urge Harris and Trump to Oppose Saudi Peace Deal Amid New Evidence
Benzinga
0:40
Trump and Harris Unveil Diverging Tax Plans, But Which Plan Can Address the Nation's Fiscal Challenges?
Benzinga
0:31
Trump Seeks Federal Court Transfer in NY Hush Money Case, Citing Election Interference
Benzinga
0:38
Trump and Harris's Hot Mic Debate: Republicans and Democrats Aim to Flip Strategies as September 10th Debate Nears
Benzinga
0:34
U.S. Army Stands Behind Cemetery Employee Pushed Aside During Trump Visit. Why Trump's Visit Is Stirring Debate Among Veterans.
Benzinga
0:37
RFK Jr.Struggles to Have Name Removed from Ballot in Key Battleground States as He Throws His Support Behind Trump
Benzinga
0:37
Trump VP Pick JD Vance Urges Billionaire Peter Thiel to 'Get Off the Sidelines' and Financially Support the Former President's 2024 Campaign
Benzinga
0:37
Melania Trump's Memoir Cover Sparks Controversy Over Resemblance to Books 'Chanel' and 'A Book About Absolutely Nothing'
Benzinga