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Does Iger go wobbly on his streaming-centric worldview?
Well, it depends on what your definition of backing away is.
So we decided at the time that we would stop licensing to Netflix and do it ourselves.
And it resulted in a substantial decrease in our revenue, because we weaned ourselves off all that licensing.
But it thrust us into a business that is the most compelling growth engine in the media today.
This suit doesnt argue with the logic of Igers 2017 decision to bring that content back home.
Does Iger ditch ABC and ESPN?
Linear TV is marching towards a great precipice and it will be pushed off,he said.
I cant tell you when, but it goes away.
(ABC can also be a great incubator for streaming hits, as evidenced byAbbott Elementary.)
Disneys local-TV-station business also makes a ton of money, thanks to ever-increasing spending on political ads.
What seems more certain is that Greenfield and Nathanson will get their wishes for cost reductions.
What happens with Hulu?
I dont pretend to know what Iger will do here.
The immediate financial benefits dont seem worth it in the big picture.
