Will Bob Iger Sell Disney’s Linear TV Networks? Insiders, Analysts Debate

As the ongoing WGA strike hits 100 days, the entirety of Hollywood wonders how long both that and the SAG-AFTRA strike will last. In the case of WGA, this strike is no officially longer than the 2007-2008 strike, but has a ways to go before it hits the 1988 writers’ strike 153 days, the longest in the union’s history.  Disney CEO Bob Iger hopes neither strike lasts that long, though.

Todd Spangler NY Digital Editor Disney is coming for the streaming password-sharing freeloaders. Taking a page from Netflix’s playbook, Disney chief Bob Iger announced that the media conglomerate has put a priority on finding ways to convert password-borrowing users into paying customers.

Disney CEO Bob Iger shook up the entertainment industry and Wall Street last month when he declared to CNBC at Sun Valley that linear television may be non-core and that he’s looking for partners for ESPN as the company pivots to streaming.

“It is my fervent hope that we quickly find solutions to the issues that have kept us apart these past few months, “said Bob Iger today of the Writers Guild and actors’ union’s strikes on Disney’s earnings call. “And I am personally committed to achieve this result.”

Jennifer Maas TV Business Writer Disney CEO Bob Iger addressed the ongoing writers and actors strikes during the Mouse House’s quarterly earnings call Wednesday, just as the WGA’s work stoppage hit the 100-day mark. “Nothing is more important to this company than its relationships with the creative community. That includes actors, writers, animators, directors and producers,” Iger said.

Disney saw direct-to-consumer losses shrink and adjusted EPS top estimates for the three months ended in June as CEO Bob Iger said the company’s on track to exceed $5.5 billion in anticipated cost savings.

actors and entertainers are striking in Hollywood and around the country with the Writers Guild of America (WGA) as they demand a rise in pay and residuals in the streaming era.And while the strikes may have a positive outcome in store for actors, Porter is already dealing with the negatives of the situation.“I have to sell my house. I don’t know when we’re gonna go back [to work],” the “Pose” star, 53, told the Evening Standard.“The life of an artist, until you make f–k-you money, which I haven’t made yet, is still check-to-check,” he added.Porter, who played ballroom emcee Pray Tell in “Pose” from 2018 to 2021, revealed he was gearing up to work on a couple of upcoming projects in September.However, due to the strike, “none of that is happening,” according to Porter.“So to the person who said, ‘We’re going to starve them out until they have to sell their apartments’ — you’ve already starved me out,” Porter told the outlet.The actor’s comments come after it was reported that film execs were willing to “allow things to drag on until union members start losing their apartments and losing their houses,” according to Deadline.The newly-single Porter also slammed Disney CEO Bob Iger who said actors’ expectations of treatment are “just not realistic.”“The business has evolved,” Porter said, referring to the streaming era of film and TV.“So the contract has to evolve and change, period.

Billy Porter has revealed the tough reality of being an actor amid the SAG-AFTRA strike.

Zack Sharf Digital News Director Billy Porter revealed in a recent interview with Evening Standard that he has to sell his house amid the ongoing strikes in Hollywood in order to save money. Porter, an Emmy winner for his work on FX’s “Pose,” was speaking to the outlet to promote his music career and stayed clear of discussing any of his film and television work. When the topic of the strikes was brought up, Porter said he’s having to take cost-saving measures in his real life as various projects he was set to work on in September have been tabled.

Jennifer Maas TV Business Writer Paramount Global hosted its second-quarter earnings call Tuesday amid the ongoing writers and actors strikes in Hollywood. Just like every other major media company that has reported its Q2 results already, the CBS parent company’s execs addressed the work stoppages with hopes for a timely resolution and comments on how it will affect their business operations. “We anticipate continued delays in production for the duration of the strikes, and as such, we estimate free cash flow in the back half of the year will be significantly higher than previously expected,” Paramount CFO Naveen Chopra said.

S&P today affirmed its A- investment grade credit rating for Disney after CEO Bob Iger, in a recent interview with CNBC, injected a big dose of uncertainty into what the company may look like going forward.

Bob Iger, with pressure mounting on multiple fronts, has turned to former top Disney executives Tom Staggs and Kevin Mayer, hiring them as consultants to the media giant as it defines its strategy.

Joe Otterson TV Reporter Bryan Cranston delivered a fiery speech at a SAG-AFTRA strike rally in Times Square on Tuesday, which included a message directed at Disney head Bob Iger. “We’ve got a message for Mr. Iger,” Cranston said from the stage of the “Rock the City for a Fair Contract” rally.

“To survive in Hollywood, all you need is an occasional miracle.”

Netflix stands to benefit from the dual strikes underway in Hollywood while competitors like Disney and Apple will get “weaker,” in part because of the streamer’s vast international production pipeline, a top media-stocks analyst said Wednesday on the brink of earnings season.“The strike plays to their advantage,” Michael Nathanson, founding partner of SVB MoffettNathanson, said on CNBC’s “Squawk Box.” “I’ve not been a Netflix bull, but their setup for this quarter and the next 12 months is incredibly strong.”Co-host Andrew Ross-Sorkin seized on that notion, seeking to clarify whether Nathanson meant Netflix would get stronger merely relative to its competition – or if it could help the streamer overall. The answer seemed to be: a bit of both.“I think relative, clearly, right?” Nathanson said.

Marc Malkin Senior Film Awards, Events & Lifestyle Editor Disney didn’t let the SAG-AFTRA strike get in the way of its “Haunted Mansion” world premiere. None of the stars of the movie were expected to be in attendance, including LaKeith Stanfield, Tiffany Haddish, Danny DeVito, Rosario Dawson, Chase W. Dillon, Daniel Levy, Jamie Lee Curtis, Hasan Minhaj, Marilu Henner and Lindsay Lamb all observing the SAG-AFTRA strike. The studio still rolled out the red carpet at Disneyland in Anaheim Saturday night. Director Justin Simien told Variety he was “sad” his cast couldn’t attend, but understands why and supports the actors walkout. Later in, he gave a shoutout to the cast while introducing the movie.

"Guardians of the Galaxy" star Sean Gunn blasted Disney CEO Bob Iger over comments that the executive made about the Writer's Guild of America and the Screen Actors Guild – American Federation of Television and Radio Artists (SAG-AFTRA)  strikes. Shortly before SAG-AFTRA joined the WGA on strike Thursday, Iger, 72, made an appearance on CNBC's "Squawk Box" during which he said that the pending actors union strike would have a "very, very damaging effect on the whole business." "It will affect the economy of different regions, even, because of the sheer size of the business.

Disney CEO Bob Iger recently sat down with CNBC for an interview during which he shared his views on the SAG-AFTRA strike.

Fran Drescher is opening up about the SAG-AFTRA strike and how long it might go on.

Disney CEO Bob Iger has said the company will be pulling back on creating new Star Wars and Marvel content.The announcement comes on the back of the company’s attempts to cut costs, having seen a number of their recent films, from Marvel to animation, underwhelm at the box office.“You pull back not just to focus, but also as part of our cost containment initiative. Spending less on what we make, and making less,” Iger told CNBC on Thursday (July 13).Iger said that many of the decisions were made to prop up the company’s flagship streaming service, Disney+, and attract more customers.The Disney CEO went on to note that an influx of new Marvel content, both on the big and small screens, had “diluted focus and attention”.“It had not been in the television business at any significant level, and not only did they increase their movie output, but they ended up making a number of TV series,” said Iger.