Part 7/11:
The fundamental problem lies in Disney’s management. Buying and expanding content has been driven more by hype and investor demand than by sustainable strategy. Iger's approach of spending massive amounts of money on acquisitions and content without clear profitability or management controls long-term value.
Commentators often overlook that Iger is perhaps better at fundraising and managing creative ventures rather than implementing austerity or operational efficiency. His return hasn’t changed this fact, and the ongoing push for cost reduction is merely him running the company on a short-term balancing act—at best.