From Culver City to New York City, the U.S. media and entertainment industry's powerbrokers are spinning scenarios about the future and the possible breakup of the industry's most powerful conglomerate.
The three businesses that will drive the greatest growth over the next five years, he said, are the company's film studios, theme parks and streaming video. A fourth media executive who has run traditional and digital media companies said Disney may need to attract outside investors in ESPN so that it can competitively bid for increasingly expensive sports media rights, such as for NBA games, which expire after the 2024-25 season.
"There's no way a FAANG company is going to buy his company when he has all these cable channels, a broadcast network and a cable sports network," said the executive, using an acronym for the five major U.S. technology companies, Facebook , Apple, Amazon, Netflix and Google."It's not the business they're in, and it's unlikely the government would ever allow it."
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