Bob Iger met with Disney leaders after his comments about possible sale of company and assets caused ‘extreme concern’

Disney CEO Bob Iger met with fellow company leaders on Tuesday to calm nerves over his comments regarding the potential sale of its television assets.

Eiger TV Comments

During an interview with David Faber on CNBC’s “Squawk Box,” Iger agreed with Faber that ABC “may not be primary” to The Walt Disney Company. He said they should be “open” to selling their TV assets, a comment that essentially puts them in the market.

sources said CNN BusinessOliver Darcy said that employees of Disney’s General Entertainment Content division were “very concerned” about the notes and felt that Iger had left them “in the dark”. Darcy noted that there have been no company-wide memos or town halls since interviewing Egger.

One of Darcy’s sources said Iger told senior leaders at a meeting Tuesday that content created by Disney TV teams is “incredibly valuable to our business.”

Regarding ABC News specifically, Iger said, “I’m very excited about the news. It’s important to this company. We need to see how it transitions into broadcast. And I think we’ll stay. It’s very good, it’s very important, and it’s really fun.”

The CEO reportedly answered various questions from the leaders. However, a Disney insider said his answers were “the usual jewel in the crown of things — except now we know he’s selling the jewel.”

They continued, “It’s great to say he loves the jewel.” “It’s great to say a gem is important. It’s great to say a gem is fun. But he’s revealed the truth: he wants the highest possible price for the gem because he can’t afford it anymore.”

It’s also been rumored that Iger could sell the entirety of Walt Disney to Apple as he tries to offload their streaming services in India.

Bob Iger and Disney

Iger got his start at ABC in 1974, before Disney acquired it. He did menial work on television and worked his way up the ranks. He was named president of ABC Entertainment in 1989. He was president of the ABC Network Television Group from January 1993 to 1994. He was named senior vice president of Capital Cities/ABC in March 1993 and then executive vice president in July 1993. The following year, he was named president and chief operating officer of Capital Cities/ABC.

When ABC was acquired by The Walt Disney Company in 1995, Iger was acquired and he worked his way up to CEO of the entire company over the next decade, finally reaching number one in 2005 after ousting Michael Eisner. Iger served as CEO until his retirement in 2020, but returned to the position in November 2022 after Bob Chapek was also fired.

The Walt Disney Company’s board of directors has extended Iger’s contract through 2026.

What do you think of Egger’s recent comments? Let us know in the comments.

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