Disney Ceo Iger At The Dealbook Conference Says ABC Is Not For Sale; "The Marvels" Production Suffered From Covid Challenges
Portfolio Pulse from Benzinga Newsdesk
At the Dealbook Conference, Disney CEO Bob Iger stated that ABC is not for sale, despite speculation to the contrary. Additionally, he mentioned that the production of 'The Marvels' faced challenges due to COVID-19, which may have affected timelines and costs.
November 29, 2023 | 7:43 pm
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Disney's CEO Bob Iger announced that ABC is not for sale, dispelling rumors and indicating stability in Disney's portfolio. He also noted that 'The Marvels' production was challenged by COVID-19, potentially hinting at delays or increased costs.
The confirmation that ABC is not for sale suggests a stable strategy for Disney, which could reassure investors. However, the news about 'The Marvels' could be seen as negative due to possible delays and cost overruns, but the impact is likely to be limited as the market is aware of the ongoing challenges posed by COVID-19 in the entertainment industry.
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