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With his public comments that Disney’s linear television business is no longer at the company’s core, CEO Bob Iger signaled that the media conglomerate is ready to let go of distribution assets previously at the center of its mission. As streaming redefines the future of entertainment, Iger’s decision previews how the industry overall might have to shrink their television assets to make room for future growth.
It’s been a long time coming. The decline of the linear TV business model has been apparent for years.