Connect with us

Hi, what are you looking for?

Jewish Business News

Entertainment

Bob Iger Talks Live Streaming for Disney’s Channels

Meanwhile Disney stock is beating expectations.

Bob Iger

Disney’s chief Bob Iger is talking about ways his media empire will try to bypass traditional cable networks and move into live streaming. This while Disney is blowing away the financial experts with its success.

This may seem strange since Disney owns a large number of cable networks itself such as The Disney Channel and ESPN as well as the broadcast network ABC. But it does not own any cable companies and must constantly negotiate terms with Comcast, Cablevision and the rest over the fees that it receives for its channels.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

This is why everyone is switching to live streaming. That and because consumers are cutting the cord everywhere in favor of using their mobile devices instead of their stationary televisions. NBC just offered the Super Bowl for free on line and HBO is planning a live streaming service of its own.

On the matter of live streaming, the Jewish boy from Long Island who grew up to be a business king said that there is, “definitely an opportunity [to live stream Disney owned channels]. We think we have that opportunity with a Disney branded service. We may have an opportunity with a Marvel type product and possibly even Star Wars.”

On whether he would take advantage of his position to see the new Star Wars movies, Iger told Bloomberg, “I will see it before it comes out, probably a couple of times. I have that right.”

Meanwhile Disney stock is beating expectations. The company announced on Tuesday that it earned $1.27 per share in its fiscal first quarter on $13.4 billion in revenue where analysts only predicted $1.07 per share on revenue of $12.9 billion.

Iger, who took over the company 10 years ago, just saw its stock break the $100 mark where it was only worth $15 when he first took over. This has happened in spite of the great economic recession.

Jim Cramer, host of CNBC’s Mad Money show, is high on Disney. “Consider Disney a collectible; it’s not a trade it’s a keepsake, it’s a gift that keeps giving thanks to the hard work and insight of Bob Iger—one of the most remarkable and unpretentious executives of all time.” said Cramer

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.