Disney’s potential sale gains traction following CEO’s hints.
Is Apple the “Bigger Fish” That Could Buy Disney?
One of the most memorable lines from “Star Wars: Episode I” comes from Jedi Master Qui-Gon Jinn after he and his crew are saved from a sea monster by an even bigger sea monster:
“There’s always a bigger fish.”
For decades, the Walt Disney Company has been that “bigger fish,” swallowing up its competition with its seemingly endless resources. However, a seismic report from The Hollywood Reporter suggests that this dynamic could be about to change.
The report begins with a stunning question: “Facing the staggering problems afflicting all legacy studios, is Disney CEO Bob Iger contemplating a once-unthinkable option? The signals he sent in Sun Valley suggest that it could happen.”
According to an unnamed “veteran Hollywood executive” interviewed by the Reporter, the potential “bigger fish” for Disney could be tech giant Apple.
While many top executives have scoffed at the idea, the executive revealed that discussions about this possibility have been ongoing. The executive believes that Apple may not want to buy Disney as it currently exists, but if Disney CEO Bob Iger starts divesting assets, it could be a sign that a sale is being prepared. And according to the executive, there is no buyer quite like Apple.
This speculation comes after Iger publicly acknowledged that major Disney assets could be on the chopping block. In a July interview with CNBC, Iger stated that the company would be open-minded about the future of businesses like ABC, FX, and National Geographic.
Reports also surfaced that Disney had reached out to major sports leagues to explore the possibility of purchasing a stake in ESPN.
While the feasibility of this potential deal is uncertain, the math is compelling. Apple has a massive cash reserve of $62 billion and a market cap of $2.8 trillion. The Reporter suggests that while Apple may not want to buy a studio, it might be interested in buying Disney, a studio with a vault full of priceless intellectual property and the most valuable brand in entertainment.
Disney is currently facing significant challenges. Park attendance is at an all-time low, Disney+ is struggling, and the collective Disney studios have been underperforming. These struggles have led to global layoffs at Disney.
While a sale of Disney assets to Apple still seems unlikely, the fact that it is being reported on indicates that the idea is not completely unfathomable. The future of these two entertainment giants remains uncertain, but the possibility of a major shake-up in the industry is certainly intriguing.
Read More: Buzz About ‘Once-Unthinkable’ Disney Sale Grows After CEO’s ‘Signals’
Source: The Western Journal
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