Part 6/11:
Many critics contend that Bob Iger is ultimately responsible for Disney’s precarious position. His aggressive acquisitions—most notably the $70 billion purchase of Fox—have been blamed for overextending Disney’s financial and operational capacity. The Fox acquisition, in particular, is seen as a costly misstep that has yet to yield meaningful returns.
Additional strategic blunders include overpaying in bidding wars, notably with Comcast’s Brian Roberts, which resulted in Disney overpaying significantly for assets like Hulu and Fox properties. These decisions have contributed to an erosion of Disney’s market value and operational focus.