According to the report, the sale announcement was a subtle but unmistakable one. Iger made the announcement during his disastrous CNBC interview last week, where he was caught lying with the false claim that Disney is not sexualizing children.
By declaring its cable and broadcast TV assets “noncore,” the report says, Iger told the world ABC TV, the FX cable networks, National Geographic, and Freeform are all for sale. He’s also looking for a partner for the failing ESPN.
Bloomberg does the math. “Disney’s media networks generated 35%, or $24.8 billion, of company revenue and more than 50%, or $7.5 billion, of its operating income.” Yep, that’s a big sell-off.
I noticed something about what they are selling off and apparently so did someone else...
Note the properties he’s considering selling are, mostly, companies that were purchased by Disney before Iger. FX and FXX were acquired by Iger when he bought Fox’s entertainment divisions. But neither of those, I think, has ever been sold as standalone units and so do not have any valuations attached to them.
… Iger does not want to sell off the big properties he bought — LucasFilm, Marvel, Pixar, and even Fox, as a whole — because the selling price will be much, much lower than the purchase price. This would expose him as rube who consistently overpaid for other people’ successful studios to cover-up Disney’s own struggling creative output. And it would also confirm everyone’s strong suspicion that all of these properties are worth only 25-50% of what was paid for them, and therefore maybe all of Disney is similarly only worth 25-50% of the current market valuation.
Amusing that he's selling off property simply because he wasn't involved in the purchase, probably not the most intelligent way to handle things...
… Iger does not want to sell off the big properties he bought — LucasFilm, Marvel, Pixar, and even Fox, as a whole — because the selling price will be much, much lower than the purchase price. This would expose him as rube who consistently overpaid for other people’ successful studios to cover-up Disney’s own struggling creative output. And it would also confirm everyone’s strong suspicion that all of these properties are worth only 25-50% of what was paid for them, and therefore maybe all of Disney is similarly only worth 25-50% of the current market valuation.
LucasFilm was worth 4 billion for Star Wars alone. It was not overvalued. Disney just beat it with a sledgehammer, and only now is it not worth even half what they paid for it.
So if they're not selling off shit they bought under his leadership as it would expose how much he screwed up.....does that mean people can buy the rights to fucking Mickey and fairytales as that would be hilarious.
Mickey is about to enter public domain (again). So they need to cough up a shit ton of money to bribe the government to change all of copyright laws (again) to protect him.
So I imagine they will be in desperate need of finances soon just for that, and there draining coffers are diametrically opposed to that goal.
Disney doesnt have that kind of money though. They have barely $4B in assets and liquid cash they can use for acquisitions, and they are already being forced to either sell Hulu or buy out Comcast share (they dont have the cash for that, by the by). So you know damn well they dont have the cash to get copyright changed again, especially when they have pissed off a significant chunk of one party who will probably still say no just to spite them.
It really is amazing how much Iger has fucked it all up for his own pride.
Disney's stock value is currently sitting lower than it was during the pandemic. I'm genuinely considering grabbing some to pop off when they inevitably get bought out or otherwise restored.
I noticed something about what they are selling off and apparently so did someone else...
Amusing that he's selling off property simply because he wasn't involved in the purchase, probably not the most intelligent way to handle things...
LucasFilm was worth 4 billion for Star Wars alone. It was not overvalued. Disney just beat it with a sledgehammer, and only now is it not worth even half what they paid for it.
What was the "false claim" thing?
It's a link to another BB article.
https://www.breitbart.com/entertainment/2023/07/13/nolte-liar-bob-iger-claims-disney-not-sexualizing-children/
Which doesn't demonstrate him lying. Just that he contradicted their accusation.
"You're sexualizing children" "no I'm not" isn't catching someone lying.
To be clear, he's lying, but that isn't "caught lying"
BlackRock buys.
Goes deeper woke.
"You have to force behaviors"
Accurate and underrated assessment.
So if they're not selling off shit they bought under his leadership as it would expose how much he screwed up.....does that mean people can buy the rights to fucking Mickey and fairytales as that would be hilarious.
Mickey is about to enter public domain (again). So they need to cough up a shit ton of money to bribe the government to change all of copyright laws (again) to protect him.
So I imagine they will be in desperate need of finances soon just for that, and there draining coffers are diametrically opposed to that goal.
Disney doesnt have that kind of money though. They have barely $4B in assets and liquid cash they can use for acquisitions, and they are already being forced to either sell Hulu or buy out Comcast share (they dont have the cash for that, by the by). So you know damn well they dont have the cash to get copyright changed again, especially when they have pissed off a significant chunk of one party who will probably still say no just to spite them.
It really is amazing how much Iger has fucked it all up for his own pride.
I hope we all live long enough to see it happen.
Disney's stock value is currently sitting lower than it was during the pandemic. I'm genuinely considering grabbing some to pop off when they inevitably get bought out or otherwise restored.