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Is Bob Iger right? Is broadcast TV dead?



The Walt Disney Company is one of the world’s largest media organisations. So when its CEO says that television might no longer be core to its business, writes Ticker’s Ahron Young.

Disney’s CEO, Bob Iger, shocked the industry when he said the company is contemplating the sale of ABC Television.

He says the TV assets may not be integral to Disney’s future.

That’s a shocking assessment of the industry and cannot be ignored.

“After coming back, I realized the company is facing a lot of challenges, some of them self-inflicted,” Iger told CNBC.

Disney is going to be ‘expansive’ in its thinking about the traditional TV business, leaving the door open to a possible ‘sale of the networks,’.

‘They may not be core to Disney,” Iger said.

‘There’s clearly creativity and content that they created at its core to Disney, but the distribution model, the business model that forms the underpinning of that business and that has delivered great profits over the years, is definitely broken,” Iger added.

What that means for the broader industry is uncertain. Television is still big business, albeit a slowly dying one. A slow death is better than a fast death.

Iger of course built his career at ABC in New York.

Cast on the set of one of ABC television’s most profitable shows, Good Morning America.


Disney’s TV assets

Disney’s extensive television portfolio, which encompasses properties such as broadcaster ABC and cable networks including National Geographic and FX, could potentially be up for sale.

While Iger did not explicitly confirm the sale, he acknowledged that these properties might not align with Disney’s core focus and emphasized the company’s objective evaluation of their future.

Having previously served as a senior executive at ABC, Iger expressed his belief that linear television is an industry in perpetual struggle.

He says they are plagued by a fundamentally flawed business model.

He stated that the transformational forces unleashed by new technologies have severely impacted traditional TV.

However, Iger made a notable exception for ESPN, the renowned sports media giant that Disney has owned since 1996, highlighting the company’s distinct approach to its evaluation.

In contrast to the broader television landscape, Iger pointed out that ESPN has navigated the industry’s evolution more successfully.

The impact of technology on ESPN has been different from that on traditional linear TV networks. Iger’s statement implies that Disney views ESPN as a valuable asset within their portfolio, distinct from the other TV properties they own.

With this perspective, Iger’s comments suggest that Disney is open to considering strategic decisions regarding their television properties.

While he acknowledged the challenges faced by the industry as a whole, he emphasized the need for Disney to critically assess the alignment of each property with the company’s core objectives.


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Streaming wars: can Apple compete with Spotify?



Spotify’s 2023 Wrapped has dropped prompting listeners to review their top artists, genres, and songs of the year.

Many are taking to social media platforms to share their listening trends with family, friends, coworkers, and even other fans on the internet.

While Apple Music, a rival platform, has its own year-end campaign—it hasn’t quite ignited the same online response.

Seth Schachner, the Managing Director at StratAmericas and a former Sony Music Executive joins Veronica Dudo to discuss. #Spotify #music #Apple #AppleMusic #SpotifyWrapped #streaming #featured #IN AMERICA TODAY

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What Australia can learn from NZ’s supermarket inquiry



Coles and Woolworths, two of Australia’s largest supermarket chains, are about to face a Senate inquiry that aims to scrutinise their market dominance and business practices.

The inquiry’s parallels with a past New Zealand investigation highlight the growing concern over the duopoly’s impact on consumers and smaller businesses.

The Senate inquiry, set to begin next month, comes as a response to mounting public pressure and allegations of anti-competitive behavior in the grocery sector.

New Zealand example

Similar concerns led New Zealand to conduct its own inquiry into the supermarket industry back in 2019, resulting in recommendations for increased regulation and transparency.

The central question here is whether Coles and Woolworths wield too much power in the Australian market, potentially stifling competition and limiting choices for consumers.

With the New Zealand example as a cautionary tale, many are wondering if this inquiry will result in meaningful changes to the Australian grocery landscape.

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Elon Musk: Nikki Haley’s ‘campaign is dead’



Elon Musk has thrown a verbal jab at former South Carolina Governor Nikki Haley, declaring her political campaign as “dead” on X.

The unexpected comment from the Tesla and SpaceX CEO has ignited a new wave of discussion within the political sphere, leaving many wondering about the implications for Haley’s political future.

In a tweet that garnered significant attention, Musk criticized Haley’s recent policy stance, writing, “Nikki Haley’s campaign is dead on arrival if she continues to ignore the urgency of climate change.

We need leaders who prioritize the planet’s future.” The tech mogul’s remarks come as Haley, a prominent Republican figure, has been exploring the possibility of running for president in the upcoming election cycle.

Musk’s statement has reignited the debate over climate change within the Republican Party, with many conservatives emphasizing economic interests over environmental concerns.

This raises questions about whether Musk’s endorsement or critique could influence the GOP’s stance on climate issues and potentially impact the 2024 presidential race.

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