From CNBC: 2024-11-14 11:34:48

Disney has decided not to separate its TV networks business due to operational complexities and cost outweighing benefits. Comcast is exploring a separation of its cable networks business. The industry lost 4 million traditional pay TV subscribers in the first six months of the year. Disney reported a 6% revenue decline in traditional TV networks in its most recent quarter.

Disney’s apparent commitment to the traditional TV segment has shifted, with CEO Bob Iger previously considering selling TV assets. Disney CFO Hugh Johnston stated that divesting networks or other businesses did not lead to clear value creation. Fox Corp. CEO Lachlan Murdoch also noted the complexity of separating cable TV networks. Warner Bros. Discovery CEO David Zaslav emphasized the importance of the TV bundle despite challenges.

Disney’s focus on content integration with streaming was highlighted, with the acquisition of Fox’s entertainment assets in 2019 driving streaming growth. Activist investor Nelson Peltz criticized the deal for eroding shareholder value. Disney received 60 Emmy Awards this year for content including FX’s TV series “Shōgun,” “The Bear,” and “Fargo.” Comcast owns NBCUniversal and is a co-owner of Hulu.



Read more at CNBC: Disney doesn’t plan to change its TV networks portfolio anytime soon