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Bob Iger Defends Disney’s Pricey 2019 Fox Acquisition – Emmys, ‘Avatar’ Came From That Deal, “I Could Go On And On”
Bob Iger said Disney's Fox acquisition, which has been criticized for its high price tag, was key to fireproofing the company with content and distribution in the age of streaming.
On a call with analysts today after quarterly earnings, Bob Iger strongly defended the move as critical to completing Disney’s content and distribution heading into the streaming era. “So in a way, we’ve already consolidated, and while we’ll always look opportunistically … We don’t really need more assets right now, either from a distribution or from a content perspective, to thrive in basically a disruptive media world.” The former PepsiCo chief financial officer said he’d looked carefully at creating value through divestitures at the beverage giant, then at Disney.
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