Bob Iger Asserts Disney's Current Assets Are Sufficient Amid Media Disruption
Bob Iger, Disney's CEO, defended the company's $71 billion acquisition of 20th Century Fox assets in 2019, emphasizing its strategic importance for Disney's streaming ambitions. The deal, which included control of Hulu and content like "Avatar" and numerous Emmy-winning shows, was seen as crucial for Disney's content and distribution capabilities. Despite mixed reactions from Wall Street and increased debt, Iger highlighted the acquisition's role in Disney's streaming success and future outlook.