“Netflix Is Worth DOUBLE” - Bob Iger EXITS As Disney LOSES The Streaming War
Episode Stats
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Summary
Bob Iger steps down as CEO of Walt Disney, the world's largest entertainment company, stepping down after eight years at the helm of the company. In this episode of the podcast, we discuss why Iger is stepping down and why it's a good thing.
Transcript
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Bob Iger, okay, I believe he is stepping down today, if I'm not mistaken, if we go to news.
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Bob Iger at Disney CEO, transformative leader, you know, look at his tenure as a dynamic, transformative leader with an asterisk or two.
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And I don't know if the stories in the articles that we have, but I do know I think today he is stepping down.
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As building long-term valuation, his report card didn't stand up to Michael Eisner.
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And the transition, Pat, unless you're walked to the door or you have a heart attack at your desk, who is responsible for a CEO's transition?
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And Bob Iger now has presided over not one, but two guys that come from the theme park side of it, which I believe is the wrong way to focus.
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So my asterisk for Iger is, look, Chapek was not the guy, and you were the CEO, and you could have helped influence that.
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The board just didn't run it down your throat for absolutely nothing.
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will be known as a guy that built a great big library of content but he was also the guy that
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missed a couple spots on streaming um made a couple things on streaming the way disney went
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through step by step by step by step to acquire hulu which i think is a master class in uh
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sequential acquisition i love how that turned out and i think he gets credit for that but the
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transition to theme park and then what's happened over the last eight years is this was just not
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handled well but i got a lot of respect for the guy and he's a guy i think he'll look back and say
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man i wish i stayed retired the first time jeff yeah i think disney is just struggling with the
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change the evolution of the entertainment space and everything else and they had an opportunity
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here to reset everything which tom's right they should have done it years ago but to really reset
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their strategy and their focus and they didn't take it so i think they're they're another one
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of these big corporations that hasn't got the message yet that the landscape has completely
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change and they need some kind of radical reset to uh first of all where they doing things well
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or at least they could be doing things well their content library it definitely needs to be reset
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too but also they need to get with the fact that you know the legacy media is no longer going to
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be a profitable center for the business uh they should do something about that before it's too
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late um which they haven't it's just continue to to drag that baggage ever forever forward
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with Iger's retirement to go in a radically new direction
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And never known as a jerk CEO, always known as a genuinely good guy.
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Yeah, and you know, we were having dinner with somebody about a month ago
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He's one of the guys that's got a massive nine-figure contract with Iger.
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he's a good guy he's this he's that to me uh there's a couple things you got to be thinking
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about here he was involved in his replacement the first time shapek that came in and then he
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came back and i'm sure he was involved with the new guy that they replaced him josh what's his
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last name i'm going to get the amaro uh which i think both of them were from the parks right if
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i'm not mistaken tom um both of these guys are from parks both of them are from the parks if
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If Josh D'Amaro fails, Bob Iger will be the first person that found two new replacements that both failed.
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And failure to me is if he steps down within 36 months.
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That to me is failure because 36 months is generally the shortest lifespan of hiring a CMO.
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The lowest lifespan of a C-suite executive a company hires is a CMO.
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CFO, CEO a little bit longer, and CEOs definitely longer, you know, 5, 7, 10 years.
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They say you're judged by, to judge how great of a father you were,
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Maybe they do it right, maybe they do it wrong.
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But in the business economic side, Rob, can you pull up,
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what is the difference in valuation between Disney and Netflix?
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What is Disney worth, valuation versus Netflix?
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So Disney is worth, as of right now, what's the market cap as of right now?
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Now, if you just go to their stock, let's just say $180 billion today.
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and they didn't get into streaming until 2007, I don't know what it was,
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Even recently when they moved away from Paramount,
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they're like we're builders we don't need to buy anybody the philosophy with disney was they went
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and bought companies now what companies did disney buy let me give you some names here tom we've
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talked about it many times they bought pixar which was steve jobs's company toy story they bought
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marvel that came with avengers iron man spider-man all of that right they bought star wars they bought
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indiana jones they bought x-men they bought avatar they bought simpsons they bought hulu
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Okay, you got ABC, Strategic Buys, ESPN, you got Miramax.
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Even though they bought all of those companies,
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they're still less than half the price of Netflix.
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And so the opportunity here lies to think about if you're just going to go up and buy up everybody and you're going to stop building, it's okay to buy up everybody while you're still building.
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Maybe critics could say, you're a great deal maker, but Netflix beats you.
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And Netflix did it without buying up everybody.
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we've had the last 40 years. I've studied his stuff
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going to get him on some charities and helping out with some
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so we'll see what happens there. Owns a soccer team.
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on his hand to do stuff, but I don't see him being a guy
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Yeah, I mean, they haven't had a – it makes me think of that video you made a long time ago called –
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I think it was How to Strategize as an Entrepreneur.
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And you spoke about how there's linear growth and exponential growth.
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And it makes me think of the next innovative campaign category with the exponential growth.
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I mean, when's the last time they've had an explosive innovative campaign?
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So, like I said, no creativity, not building anything, just trying to acquire things that are already built by others.
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So, yeah, I'm not too impressed with them as a CEO, but I think if they get hungry again, if they try to, like, get bold and take some risks, which they haven't taken risks in a while.
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They've been in, like, preserve and survival mode.
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If they take some risks, then they could do some things.
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I mean, you know, Jeff talked about it earlier, you know, risks and gambles.
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And if the president's doing it at the political level, at the highest job,
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sometimes some of these other companies, as big as they are,
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they have to sit there and realize America's a bigger company than you.
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And I do want to talk to you guys about something.
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A lot of you guys DM me and message me and say, hey, you know,
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how do I become a member of the cigar lounge, the boardroom that you have here?
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Last night, I can't tell you how many people were here
00:10:01.340
watching the great game of Venezuela against U.S.
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When Bryce Harper hit the home run, I mean, it was beautiful.
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and I was I'm like this is the moment my son Dylan called it that he was going to hit the home run
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he hit the home run but then we fell one short and the score ended up being 3-2 uh congratulations
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to Venezuela I know how much this means to Venezuela Venezuela's had a great 2026 some
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may call it the greatest year 90 days Venezuela's had in 20 30 40 years is what people are talking
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about the way they're celebrating so congrats to the venezuelan team uh as much as i'm uh was
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rooting for america i want to judge to hit that home run and have that victory but you got to
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recognize it a ton of people were here watching it you know just yesterday i did a podcast with
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joey merlino here the the allegedly rob we have to say this correctly the allegedly boss of the
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philadelphia crime family that podcast will come out we had the eric trump here we've had steven
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Smith here. We had Tate here. We have a lot of people here
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it's by invitation only. Everybody goes through
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background checks. You can't bring a cell phone inside.
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kind of events here that you'll come in and be involved.
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boardroomcigarlounge.com. Rob, if you want to put
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