President of Animal Kingdom
Was it worth 70 billion? In theory is was even more. Disney needs to service the debt it caused. How mush is interest on 70 billion? Regardless, may in the industry say it's only with 1/3 what Iger paid for it.
Too late now! The PARKS profits will sucked out to pay for that Fox deal over the next decade. Thank you Bob Iger!
Disney sold off Fox's Sky, sports channels, and other assets. In the end, they only paid $30B net.
Then Disney made Fox worth more by integration with existing Disney corporate infrastructure such that it had a lot less expenses.
Then Disney made money on Fox's library through D+ and Hulu, including the profits from now owning 66% of Hulu, basically doubling their profit from Hulu.