Iger says Disney bought Fox because of value it adds to streaming service: 'The light bulb went off'

Iger says Disney bought Fox because of value it adds to streaming service: 'The light bulb went off'

5 years ago
Anonymous $fWzGa1uP8i

https://www.cnbc.com/2019/04/12/disney-wouldnt-have-bought-fox-assets-without-streaming-plans-iger-says.html

Disney wouldn't have spent $71 billion on 21st Century Fox assets including National Geographic, "The Simpsons" and its movie studio if it didn't have plans to launch its own streaming service, according to the company's top executive.

Disney Chairman and CEO Bob Iger told CNBC on Thursday that his conversations with Fox's Rupert Murdoch were predicated on the introduction of Disney+ and followed its 2017 purchase of BAMTech, a New York-based streaming media company.