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 is the main challenge Disney faces in taking ESPN directly to consumers?

• Determining the pricing and content

• Finding the right technology platform

• Reducing production costs

• Competing with Netflix

What is the investor's main concern regarding Disney's new ESPN app?

• The app's marketing strategy

• The app's launch timing

• The app's user interface

• The app's compatibility with devices

What is a significant issue with Disney's succession plan?

• Lack of internal candidates

• Too many potential candidates

• A well-defined succession plan

• No interest in the CEO position

How long does Bob Iger have left on his contract?

• One year

• Two years

• Four years

• Three years

What is the potential solution for Disney's CEO position after Bob Iger?

• Promoting an internal candidate

• Hiring an external candidate

• Eliminating the CEO position

• Merging with another company