Cultural news Disney is considering getting rid of its various streaming platforms, even Disney+ could join in!
Is Disney experiencing any turbulence right now? However, its president Bob Iger has spoken about the company's future and intends to make some concessions and restructuring. And that, which seems like nothing, is very important to a giant like Disney.
Towards the end of TV?
If television still has a bright future, some people still predict that the future of television will be limited, this is due to the development of the web and technology. from a new generation that is clearly watching less, if not more, TV. In fact, Bob Iger, the famous CEO of Disney, thought so when he confided in a press conference in Sun Valley, Idaho, United States.
In fact, the brains behind the entertainment giant also shared his desire to more or less separate himself from certain companies, such as first of all the television channels he owns. ABC, FX and even Freeform are completely targeted: “we have to be open-minded and objective about the future of these companies”, even said Iger, who intends to sell most of the platform's assets. The problem is that Disney also has problems on the web.
Disney Plus in the viewfinder, but in India
With the massive increase in Star Wars and Marvel series, Bob Iger admitted, Disney got a little lost in its content and so did the public, leading to an overall decrease in excitement. Therefore, to say, Disney Plus is expected to suffer a loss of more than $800 million in the third quarter.
However, the worst score was recorded in India and therefore this is where Disney wants to concentrate its efforts. Therefore, the company will consider selling or at least restructuring its activities in television (again, for sure), but also in streaming (hence Disney Plus). There is also a reason, namely the loss of streaming rights for IPL cricket matches, the big league of this discipline. This alone led to the loss of a staggering 8.4 million subscribers.
Besides that, the sale of television channels should bring huge profits, namely about 8 billion dollars ealon Steve Cahall, Wells Fargo analyst. It's always a surprising fact to learn that Disney specializes in brazen purchases and expansion, rather than demolition. Like what…
