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Viewsroom

Viewsroom: A Fox in the Mouse House

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 15 December 2017

⏱️ 24 minutes

🧾️ Download transcript

Summary

Disney’s $66 bln deal for the bulk of Rupert Murdoch’s entertainment empire is a reaction to the rapid rise of streaming-content providers like Netflix, and lets CEO Bob Iger delay retirement again. Elsewhere: the Democrats win in Alabama, and Chinese bike-sharing rides towards M&A. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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But it knows nothing about your work. Slackbot is different. It doesn't just know the facts.

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0:20.0

Because Slackbot isn't just another AI.

0:23.3

It's AI that knows your work as well as you do.

0:26.4

Visit Slack.com forward slash meet Slackbot to learn more.

0:30.6

The views expressed on this podcast are those of the participants, not of Reuters News.

0:42.7

Thank you. of the participants, not of Reuters' news. Is Disney boss Bob Iger biting off more than he can chew in bidding for parts of Rupert

0:47.5

Murdoch's empire? Can China's competitive bike-sharing market turn a profit? And what are the

0:53.1

lessons of the Democratic Party's

0:54.6

Senate victory in Alabama? Those are the questions we'll be tackling on this week's

0:58.8

room, a weekly conversation among Breaking View's columnists about the ups and downs of the world

1:03.3

of finance. I'm Jennifer Sabah, and my co-host is Anthony Curry. Hello, Anthony. Good-day. So, Disney and Bob Iger, he's been cooking up a

1:13.9

transaction to buy a bunch of Fox assets valued at some $60 billion from Rupert Murdoch. It's a

1:19.6

complicated affair, but luckily, Jen, you're our resident expert on all things media. So,

1:24.3

Disney's huge already. It's worth $160-od billion. It's got his fingers in most pies. Why on earth does it need to buy even more businesses?

1:33.2

Yeah. So, first of all, this deal happened. No one ever thought that Rupert Murdoch would be a seller ever. He's an aggressive acquirer.

1:43.0

And, you know, Disney typically is very shrewd about the investments and acquisitions that it makes.

1:49.4

So this is sort of head spinning if you're like following media.

1:52.4

Yeah.

1:52.7

But really at the crux of it is Netflix, I mean, and the whole video streaming movement that's been going on, Disney is behind the game on

2:03.2

this. They did announce plans that they're going to start their own video streaming service,

...

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