Disney CEO Sees a Future Without Netflix, Comcast or DirecTV
- Iger moves to offer films, TV shows directly to viewers online
- Disney declines most since Feb. 2016; Netflix also drops
Disney Chairman and CEO Robert Iger discusses the decision to stop selling movies to Netflix and begin offering ESPN sports programming and family films directly to consumers via two new streaming services. He speaks with David Westin on “Bloomberg Technology.” (Source: Bloomberg)
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Walt Disney Co.’s Bob Iger is ready to embrace the cord cutter.
Disney, the world’s largest entertainment company, outlined plans Tuesday to sell some of its premiere content directly to consumers online starting next year. It will offer live sports and animated films including “Toy Story 4,” sidestepping partners from Netflix Inc. to pay-TV providers like Comcast Corp. and DirecTV.