The pending acquisition has made CEO Bob Iger see his own acquisition of 21st Century Fox as "extremely well priced," he said.

While Disney is watching the takeover of Warner Bros. Discovery from the sidelines, CEO Bob Iger said the battle has made him appreciate the value of his own company.

“If anything, the battle for control of Warner Brothers Discovery should emphasize or cause investors to appreciate the tremendous value of our assets, particularly our IP, that includes, obviously, all of our brands and our franchises. And also, let’s not forget ESPN,” Iger said on Disney’s earning call Monday.

Asked whether the pending deal, and Netflix’s and Paramount’s fight for Warner Bros., has changed Iger’s thinking about monetizing Disney’s IP, Iger said “I don’t really feel that we have a need to buy more IP. We’re just going to continue to create our own.” He highlighted the long-term value of Disney’s film slate, which he says crosses over onto the company’s streaming services as well as into the parks. In particular, he highlighted the billion dollar releases of Zootopia 2 and Avatar: Fire and Ash, as well as the upcoming opening of the World of Frozen in Paris.

He went on to reflect on Disney’s own acquisition of 21st Century Fox, which was completed in 2019 for $71.3 billion in cash and stock, and which he said was “ahead of its time.”

“I think it was extremely well priced, considering what’s being offered for the Warner Brothers Discovery assets,” Iger said.

The Source: https://www.hollywoodreporter.com/business/business-news/disney-warner-bros-discovery-battle-1236492681/