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Bob Iger Explores the Sale of Extra Movies and TV Sequence to Rivals



https://www.bloomberg.com/information/articles/2023-02-03/disney-explores-the-sale-of-more-films-tv-series-to-rivals?sref=ExbtjcSG

Walt Disney Co. is exploring extra licensing of its movies and tv sequence to rival media shops as stress grows to curb the losses in its streaming TV enterprise.

The Burbank, California-based leisure big is looking for to make more money from its content material library, in line with individuals acquainted with the discussions who requested to not be recognized because the talks are non-public. The transfer would characterize a shift in technique, as Disney has in recent times tried to maintain a lot of its authentic programming solely on its Disney+ and Hulu streaming companies.

A spokesperson for Disney declined to remark.

Disney is underneath stress to enhance its monetary efficiency and alter its streaming technique. Final yr, the corporate turned in its worst inventory market ends in a long time. After Disney reported a $1.5 billion loss for its on-line video enterprise within the third quarter, the board fired Chief Govt Officer Bob Chapek, changing him with Bob Iger, who had beforehand held that job for 15 years. Amongst his many challenges, Iger should additionally deal with a proxy struggle by activist Nelson Peltz, who’s looking for a seat on Disney’s board and pushing for higher efficiency.

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