The company also owns a world-famous theme-park business and licenses its characters to toy and game makers. Investors cheered the move, expecting Iger will be able to work some Disney magic, just as he did during his original 15-year run as CEO. He replaced Bob Chapek, whom Iger had named as his replacement in early 2020. It generated more than $4 billion in operating losses from its direct-to-consumer segment in 2022 as content costs ballooned.Īfter a year of sluggish performance, Disney brought back former CEO Bob Iger. However, there is increasing pressure on the company to start producing a profit from streaming. ESPN has long-term contracts to broadcast premium sporting events, including Monday Night Football.ĭisney's push into DTC streaming has gone well since it acquired operational control of Hulu and launched Disney+. It also owns the Disney and ESPN television brands. It has a very strong portfolio of intellectual property, including Star Wars, Marvel, Pixar, and its many classic Disney brands. Walt Disney is one of the biggest media companies in the world, especially after acquiring most of 21st Century Fox. CEO David Zaslav has been ruthlessly cutting content costs on HBO Max, cancelling several series and films in an effort to make the segment profitable for investors. Additionally, it’s planning to launch a free ad-supported streaming television (FAST) service in 2023. It operates HBO Max and Discovery+, which it plans to merge into a single subscription in 2023. The newly merged company is heavily focused on direct-to-consumer streaming. It may be even stronger in international markets, where it owns an attractive portfolio of sports broadcast rights, including the Olympic Games. The company owns strong content and brands, including HGTV, the Food Network, Discovery, CNN, and HBO. studios, which creates film and television productions, DC Comics, and HBO. The result of a merger between Discovery and WarnerMedia, it has a sweeping portfolio of cable networks reaching a broad range of demographics. Discovery is one of the biggest pure-play television media companies in the market.

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