Part 3/12:

Historically, Iger's strategy involved aggressive expansion. Disney became a dominant entertainment conglomerate leveraging its acquisitions and cable networks, with media networks generating over $24 billion annually before the pandemic. However, the landscape of entertainment has drastically changed. The decline of cable TV and linear networks has eroded a significant revenue source. Disney’s media operations now see a critical shift, with Iger emphasizing trimming non-core assets.