Disney CEO Iger Confirms Holding Linear TV Networks Amid Rivals' Exits

Disney CEO Bob Iger has confirmed that the company will retain its linear television networks, including ABC, ESPN, and others, despite industry trends of companies like Warner Bros. Discovery and Comcast spinning off their TV assets. Iger emphasized that integrating these traditional TV networks with Disney's streaming services, including full ownership of Hulu, creates a significant competitive advantage by aggregating revenue from both subscription fees and advertising. This strategy has helped turn Disney's streaming business from a loss to profitability and is expected to improve margins further by amortizing program costs and consolidating audiences. While acknowledging that linear TV is not a growth business, Iger views it as an important element for consumer engagement and a valuable asset when paired with streaming. Disney has also undergone restructuring in its linear TV operations and plans to reduce investment in content specifically aimed at traditional networks. Iger sees the decision to hold onto linear assets as a strength, positioning Disney favorably against competitors exiting the business.