Disney Explores Strategic Shift Away from Traditional TV to Focus on Streaming: CEO Bob Iger
Portfolio Pulse from Anusuya Lahiri
Disney is considering a strategic shift away from traditional TV networks towards film studios, theme parks, and streaming. The company is exploring partnerships for ESPN, with the possibility of its premium sports programming shifting entirely to streaming. Despite a decline in traditional TV network sales and profits, Disney's streaming services showed reduced losses of over $500 million in the quarter. CEO Bob Iger aims to achieve profitability for Disney's streaming business by the autumn of 2024.
August 10, 2023 | 11:51 am
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Disney is considering a strategic shift from traditional TV to streaming, which could impact its future profitability. Despite a decline in traditional TV network sales, Disney's streaming services showed reduced losses. The company aims to achieve profitability for its streaming business by 2024.
Disney's potential shift from traditional TV to streaming could have a significant impact on its future profitability. The company's streaming services have shown reduced losses, indicating a positive trend. If Disney can achieve profitability for its streaming business by 2024 as planned, this could positively impact its stock price.
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