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Bob Iger Won’t Rule Out Sale Of Smaller Networks As Cable Consolidates But Says Disney’s Linear Business “Not A Burden At All”
With Comcast planning to spin out NBCUniversal cable networks and Warner Bros. Discovery positioning itself to do the same, Bob Iger said Disney has no need to join in linear consolidation.
Bob Iger arriving at the 2024 Oscars Nominees Luncheon Red Carpet at the The Beverly Hilton Hotel.Getty Images With Comcast planning to spin out NBCUniversal cable networks and Warner Bros. Discovery positioning itself to do the same, Disney CEO Bob Iger said the company may or may not join an anticipated move towards consolidation since its linear business is doing just fine. Domestic linear television did not decline in the fiscal first quarter but was pretty much flat in terms of revenue and operating income, even as streaming profits accelerated.
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