The Dark Herald offers a prediction concerning the future of the Walt Disney Company:
The Future of the Walt Disney Company
Not bankruptcy.
Dismemberment.
Given the absurd amounts of debt Bob Iger accumulated the only real way forward for the company is load up as much of its debt as possible on those sections of the company that have no future and spin it off.
Those would be the ones closest to Iger’s heart. Linear broadcasting and cable TV. Especially ESPN. There’s no way that Disney can outbid Netflix, Amazon and Apple TV for sports broadcast rights.
Although, once that happens stockholders will want Parks and Experiences spun off from entertainment. It’s been mismanaged for 20 years.
I don’t know about the IPs, but it’s possible. Roll Marvel and Lucasfilm together and then dump them with as much debt as possible.
Debt allows individuals and corporations to live well beyond their means for a time. And it looks like genuine success, as long as it lasts. But sooner or later, the debt ogres will appear and demand their interest-laden pounds of flesh.