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Disney CEO Bob Iger Says WBD and NBCU Spinning Off Cable Networks ‘Gives Us an Advantage’
Bob Iger positioned Disney's linear networks as an advantage over rivals like WBD and Comcast/NBCU that are spinning off their cable TV assets.
Discovery announced it would split the company in two, with one half comprising largely WBD’s U.S. cable networks and the other consisting of its streaming and studios businesses. Comcast, meanwhile, has announced plans to jettison NBCUniversal ‘s cable networks (excluding Bravo) into a new, publicly traded company called Versant by the end of 2024. In May 2024, Iger said at an investment conference that Disney would “reduce pretty dramatically our investment in content specifically aimed at those traditional networks.” At the time, Iger said the conclusion he reached after reviewing Disney’s TV business when he returned as CEO in the fall of 2022 was that “it’s not a growth business, but it could become an important component to our ability to basically engage with the consumer.”
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