Disney wouldn’t have spent $73 billion on 21st Century Fox assets if it wasn't already planning to launch its own streaming service, Disney CEO RobertIger says.
Disney wouldn't have spent $71 billion on 21st Century Fox assets including National Geographic,"The Simpsons" and its movie studio if it didn't have plans to launch its own streaming service, according to the company's top executive.
"The opportunity to buy Fox first came up later that year. In fact, just a few months after the board approved us buying the majority share of BAMTech — which was done for one reason, to go into the direct-to-consumer business — Rupert and I sat down and talked about a transaction," Iger told CNBC's David Faber.
"But by the time the acquisition opportunity came up, and we knew we were going in this space, we evaluated what we were buying through this new lens of: 'Wow, what could National Geographic mean to us?'"
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