Comment on The new 'tone deaf' Bob Iger might just be focused on a Disney and Apple M&A

The new 'tone deaf' Bob Iger might just be focused on a Disney and Apple M&A

The Walt Disney Company announced that they are extending Bob Iger's contract as CEO through 2026.RB/Bauer-Griffin/GC Images Fearless Media is a newsletter about the future of entertainment, media, and tech by Creative Media chairman Peter Csathy. Disney CEO Bob Iger's comments regarding the strikers may hint at his deeper M&A state of mind. Many pundits believe Iger is considering a sale of Disney's TV assets. The following article was originally published July 28, 2023 on Fearless Media.For the past decades, Disney CEO Bob Iger has been perhaps the most revered media and entertainment titan, beloved by both employees and Wall Street — a rare feat and balancing act to be sure.That's what made it so surprising to the creative community when the usually friendly and disciplined Iger, fresh off his private Jet at "summer camp for billionaires" in Sun Valley, chose to castigate writers and actors for their "very disturbing" strike."It has been a great business for all of these people," he lectured — apparently expecting Hollywood to be grateful for the industry's tech-fueled, business model changing gyrations that have left less for more.SAG President Fran Drescher joined voices across entertainment in calling Iger's comments "tone deaf" and rich for someone who reportedly makes more than 500 times the median salary of Disney employees.

 

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