Disney’s Streaming Transformation
By Mike Kuczkowski In the summer of 2015, Disney Chairman and CEO Bob Iger wanted to be candid with the investment community about an issue that had been haunting the company for a while. ESPN was a very big and very profitable part of Disney’s $52 billion business, which at that point included Pixar, Marvel Entertainment and Lucasfilm. But things were changing. The rise of high-speed internet connections had led young people, in particular, to drop their cable...