20 Jun Disney’s Bob Iger On Need For Fox Deal: “The Consumer Is Voting — Loudly” [Deadline]
By Dade Hayes and Dawn C. Chmielewski
June 20, 2018 | Disney CEO Bob Iger said changes in consumer habits are driving the company’s aggressive pursuit of 21st Century Fox studio and network assets.
Facing historic levels of competition from Netflix and other digital players, traditional media powers have no choice but to act, he said in a conference call this morning with Wall Street analysts.
“Direct-to-consumer distribution has actually become an even more compelling proposition in the six months since we announced the deal,” Iger said. “There has just been not only a tremendous amount of development in that space, but clearly the consumer is voting—loudly.”
Read more on Deadline.