Bob Iger was recently put back in charge as the CEO of Disney. According to new rumors, however, he could be preparing to sell Disney following their current financial situation.
Obviously, this is surprising news. Disney has gradually made its way to the top of the entertainment food chain. Their acquisitions include Pixar, Marvel, and Lucasfilm. But, as noted via Bloomberg, Iger could be considering the opposite with the decision to sell Disney altogether.
This rumor follows as Iger puts the company’s television assets up for sale. It looks like the company’s streaming goals with Hulu and Disney Plus haven’t quite been hitting their mark. In fact, their “streaming business is expected to register a loss of about $800 million in the company’s just-ended third quarter.”
Here’s what was stated about the rumor regarding his consideration to sell Disney to Apple:
“Rumors have long swirled that Iger will end up selling all of Disney to Apple. It’s still hard to imagine Iger selling Disney to anyone. He was always a builder – not a seller. But Bob the builder is doing a lot more cutting this time around.”
Several insiders have confirmed to have heard the rumors as well as shared below:
This is a rumor I am hearing as well…
Not happening like, tomorrow, but it’s now in the realm of possible…
— Grace Randolph (@GraceRandolph) July 17, 2023
“Rumors have long swirled that Iger will end up selling all of Disney to Apple. It’s still hard to imagine Iger selling Disney to anyone. He was always a builder — not a seller. But Bob the builder is doing a lot more cutting this time around.” https://t.co/ad2wQDTEhi
— Scott Gustin (@ScottGustin) July 17, 2023
Obviously a transaction of this size wouldn’t happen immediately. But in a world where MGM and Warner Bros have been involved with massive mergers, it certainly seems like a possibility. We’ll just have to see what happens going forward. But it’ll no doubt change the entertainment industry forever going forward.
As one might be able to imagine, this would give Apple a massive advantage with their streaming service. Especially if they could add properties like Marvel and Star Wars to their catalogue. One can only imagine what this means for the technological side of things as well.
Stay tuned to ScreenGeek for any additional updates regarding Disney and Apple as we have them.