Bob Iger Shifts From Building an Empire to a Disney Yard Sale
Netflix just had its best month in years and Disney is looking to sell its TV assets. What does that mean for the future of Hollywood?
Good afternoon from New York, and thanks to Thomas Buckley for the help with a packed newsletter.
While we will get to the major Disney news in a minute, let’s look ahead to a big week for Netflix and the entire entertainment business. The worldwide leader in streaming TV will report second-quarter financial results on July 19, and expectations are high. Shares of Netflix are up more than 90% since the market bottomed out in October, and the company is the 11th best stock in the S&P Index since then.