Why Disney Shares Are Tumbling After Iger's Comments

The transcript discusses Disney's strategic move to take ESPN direct-to-consumer, similar to Netflix, bypassing traditional cable networks. Disney plans to launch an ESPN app, though details on pricing and content remain unclear. The transcript also highlights challenges in Disney's CEO succession planning, with Bob Iger extending his contract and uncertainty about his successor. The company may look outside for leadership to navigate a more technical future.

What initiatives did Bob Iger outline for ESPN's future?

What is the key issue regarding ESPN's distribution model?

What did Disney announce about the ESPN app?

What challenges does Disney face regarding its succession plan?

What are the implications of Bob Iger's contract extension for Disney?