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Disney seeks strategic partner for ESPN

Mint Mumbai

|

July 14, 2023

Walt Disney will likely seek a strategic partner in its ESPN sports business, but is considering selling off other traditional TV assets, Chief Executive Robert Iger said.

- Robbie Whelan

Disney seeks strategic partner for ESPN

In an interview with CNBC on Thursday, Iger said the entertainment company's legacy TV networks, including ABC and FX, "may not be core to Disney" and could be unloaded as the traditional television model continues to be upended by streaming.

The announcement came after the company said it would extend Iger's contract through 2026. "We just have to be open minded," Iger told CNBC journalist David Faber in an interview from Sun Valley, Idaho, where Iger is attending a business conference. The distribution and business model that underpins traditional TV "is definitely broken and we have to call it like it is," he said.

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Paint firms strengthen moats as competition heats up

A bruising market-share battle is escalating in India's ₹70,000-crore paints sector, forcing companies to look beyond aggressive discounting and instead strengthen their foothold in key geographical areas while sharpening their product portfolios.

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Telcos slam Trai penalty plan for financial report flaws

Trai has proposed turnover-linked penalties for filing incorrect, incomplete financial reports

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Consumers warm up to Bolt as it aces 10-min hunger games

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Doing India’s needy a good turn: Everyone is welcome to pitch in

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GOING SOLO: FACING THE GROWING REALITY OF SOLITARY RETIREMENT IN INDIA

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Catamaran to boost manufacturing bets

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How the latest labour codes will benefit most employees

Workers may see an increase in some statutory benefits such as gratuity and leave encashment

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Tune into weak signals in a world of data dominance

World War II saw the full fury of air power in battle, first exercised by Axis forces and then by the Allies, culminating in American B-29 bombers dropping atomic bombs on Hiroshima and Nagasaki.

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Investors expect AI use to soar. That's not happening

An uncertain outlook for interest rates. Businesses may be holding off on investment until the fog clears. In addition, history suggests that technology tends to spread in fits and starts. Consider use of the computer within American households, where the speed of adoption slowed in the late 1980s. This was a mere blip before the 1990s, when they invaded American homes.

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Tech startups on M&A route to boost scale, market share

M&As were earlier used to enter new markets or geographies, but that strategy has evolved

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