Disney's Major Shift: Bob Iger's Yard Sale of Assets and Streaming Services

The Walt Disney Company is reportedly exploring options to sell or find a joint venture partner for its India digital and TV business as part of its ongoing strategic evaluation. The talks are in the early stages, and no specific buyer or partner has been identified yet. Disney is also evaluating its portfolio of TV networks, including ABC and ESPN, and is open to selling certain networks while retaining others. The company is actively cutting costs and focusing on making Disney+ and Hulu more profitable as it transitions from traditional TV to streaming. Disney is facing challenges in the Indian market due to intensified competition, particularly from Reliance Industries' JioCinema streaming platform, which secured digital rights for the popular Indian Premier League cricket tournament. The loss of streaming rights for the IPL had a significant impact on Disney's reputation and subscriber base in India.