Could National Geographic And The Disney Channel Also Be Shutting Down Across Africa By The End Of 2023?

Last month, it was reported that The Walt Disney Company plans to shutter the remaining linear offering in Hong Kong, Southeast Asia and Korea by the fourth quarter of the year with several content being integrated to Disney+ as the streaming service becomes their top priority.

During the week, it was learnt by Bob Iger, the current CEO of The Walt Disney Company that a possible restructure could be underway for their linear offering which could see some brands under their care being sold to foreign companies if not closed down as seen internationally.

MultiChoice extended their agreement with them for their remaining linear offering through 2024 and this included factual brands National Geographic and National Geographic Wild, sports brands ESPN 1 & ESPN 2 and children's channels Disney Channel and Disney Junior.

It's likely that these channels might be going dark by the end of the year if not later in 2024. Taking to account, the previous terminations: Disney XD closed September 2020 which coincides with the UK's Disney Channels followed by the FOX feeds in Africa, Germany and Asia in 2021.

Another thing, although MultiChoice states these channels will be carried through 2024 it's clearly stated in their 2021 press release that these channels stick around for "another two years" possibly hinting at a December 2023 closure which coincides with Asia.

Although not much has been confirmed on an end date, the blue brands favourite months for such escapades are January, February, June, September and December - kind of seasonal when you look at it.

In the past months, Disney Channel has been promoting a bulk of Disney+ content as well aired rebroadcasts of Walk The Prank and Lab Rats. Disney Junior schedules on the other hand is overcrowded by Bluey with some repeat variety in between.

Marketing for these brands had been downsized with further feeds seen internationally being merged as seen with Disney XD before it's demise.

Disney Branded Television Could Be Put Up For Sale

Disney CEO Bob Iger sat down with CNBC's David Faber at Allen & Co.'s annual conference in Sun Valley, Idaho, on Thursday.

Disney announced Wednesday that it was extending Iger's contract by two years through 2026. Iger returned to the helm of Disney late last year. The company has since undergone thousands of layoffs and cut billions of dollars in spending, including from content.

Disney CEO Bob Iger on media landscape: Challenges are greater than I had anticipated

DisneynhhCEO Bob Iger opened the door to selling the company's linear TV assets as the business struggles during the media industry's transition to streaming and digital offerings.

Iger appeared Thursday on, the morning after the company announced it would extend his contract by two years through 2026. He returned to the helm of the company in November after Disney's board ousted Bob Chapek with a two-year contract through 2024 and plans to find a next successor.

"After coming back, I realized the company is facing a lot of challenges, some of them self-inflicted," Iger told David Faber at Allen & Co.'s annual conference in Sun Valley, Idaho, noting he's accomplished a lot of work in seven months but there's more to be done.

At the top of the list is assessing the traditional TV business, Iger said. Disney owns a portfolio of TV networks, from broadcast station ABC to cable TV channels like ESPN. 

Disney is going to be "expansive" in its thinking about the traditional TV business, leaving the door open to a possible sale of the networks. "They may not be core to Disney," Iger said, adding the creativity that has come from those networks has been key for Disney. 

On Thursday, ABC News President Kim Godwin to employees expressed support for Iger's contract extension, according to a person familiar with the matter. Godwin encouraged ABC staffers to focus on their work and audience, the person added.

Cable TV channel ESPN is in a different bucket, however. On that front, Iger said Disney is open to finding a strategic partner, which could take the form of a joint venture or offloading an ownership stake. 

Iger said when he had left the company he had predicted the future of traditional TV and had been "very pessimistic," and has found since his return that he was right in his thinking, adding it's worse than he expected. 

When Iger last spoke with Faber in February, soon after announcing a major restructuring at the company, he said that he felt "a sense of obligation" to return to Disney and that his preference was to stay for his two-year contract.

"We've gotten a lot done very quickly, significant cost reductions and significant realignment of the company," Iger said. "But dealing head on with some of our biggest challenges."

The appearance in February came shortly after Disney announced a sweeping restructuring that included thousands of layoffs and billions of dollars cut in spending.

The reorganization warded off a potential proxy fight with activist investor Nelson Peltz.

Disney reorganized into three segments: Disney Entertainment, which includes most of its streaming and media operations; an ESPN division; and a parks, experiences and product unit.

These were some of Iger's most significant actions in the months after his return. Disney revealed it would cut $5.5 billion in costs, consisting of $3 billion from content, excluding sports, and the remaining amount from noncontent costs. The company earmarked 7,000 layoffs.

In addition to looking for his next successor, Iger has been tasked with bringing Disney's streaming business to profitability. In the last year, media executives across all companies have focused on how to make streaming profitable, particularly after behemoth Netflix lost subscribers early last year and since instituted an ad-supported tier and a crackdown on password sharing to drive revenue.

While the company posted revenue and profit in line with Wall Street estimates last quarter, it saw a loss of 4 million subscribers at its flagship streamer Disney+.

Those subscriber losses were offset by price increases, which Iger said in May weren't to blame for the lower numbers. Instead, he said it showed room for further increases when it comes to streaming, and pushing customers toward the ad-supported tier, with the aim of reaching profitability.

In an effort to bulk up Disney+ and attract more subscribers to its cheaper, ad-supported tier – which it launched last year – the company announced last quarter it would add Hulu content to Disney+.

Disney has been weighing whether it should buy all of Hulu, as it owns 66% and Comcast

 owns the rest. It's likely Comcast will sell its Hulu stake to Disney at the beginning of 2024, CNBC previously reported.

Iger said Thursday that since he returned to Disney, he ultimately concluded the company is "better off having Hulu." 

He added the combined Hulu and Disney+ offering would be available by the end of the calendar year, and the upcoming negotiations with Comcast over valuation wouldn't prevent that. 

"The combination of those apps is designed to obviously help the [streaming] business become profitable," Iger said.

Disney Exploring Possible Sale Of Indian Business Home To Star Life And Star Select

Walt Disney (DIS.N) is exploring options to sell or find a joint venture partner for its India digital and TV business, a source with direct knowledge said on Wednesday.

The talks are in a "very, very nascent" stage and no potential buyer or partner has been approached so far, and it remains unclear how the process will pan out, the person added.

"Talks have begun internally (on) what makes sense to do," said the source, adding discussions were being driven by executives at Disney headquarters in the U.S.

Disney did not respond to a Reuters request for comment. The company's shares closed up 1.6% on Tuesday.

The Wall Street Journal was first to report news of Disney's talks and said the company had reached out to at least one bank about ways to help the India business grow, while sharing some of the costs.

The discussions come at a time when Disney has faced increasing pressure due to the emergence of Reliance Industries' (RELI.NS) streaming platform JioCinema, run by Asia's richest man, Mukesh Ambani. He has been marketing his streaming platform by offering free access to Indian Premier League cricket tournament, digital rights of which were earlier with Disney.

Research firm CLSA has estimated Disney+ Hotstar's subscriber base shrank by nearly 5 million users in India after it lost the digital rights for IPL.

Reliance's broadcast venture Viacom18, which runs JioCinema, also struck a deal with Warner Bros in April for HBO and other popular content such as Succession. Several of these top rated shows earlier aired in India on the Disney platform.

Viacom18's shareholders include Reliance, Paramount Global (PARA.O) as well as Bodhi Tree, which is a joint venture between James Murdoch and a former Star India executive, Uday Shankar.

Disney's India business comprises the Disney+ Hotstar streaming service and Star India, which it took over when it acquired the entertainment assets of 21st Century Fox in 2019.

The source, who declined to be named as the talks are confidential, said it will be difficult to find an outright buyer in India as the enterprise value of the India business was seen around $15-16 billion when Disney took over Fox's business.

Star India, which was rebranded as Disney Star last year, encompasses dozens of TV channels and a stake in a movie production company.

Disney, like its peers in streaming and the wider media industry, is cutting costs as macro economic headwinds weigh on its advertising revenue and subscriber growth.

In February, the company said it would cut 7,000 jobs as part of an effort to save $5.5 billion in costs in a sweeping restructuring of the company.

Galaxy TV To Go Dark On MultiChoice's DStv And GOtv By The End Of July

Galaxy TV is set to be the next channel to exit MultiChoice's DStv and GOtv platforms in Nigeria. Established as a private television network, the channel featured a range of content from news, sports, business, entertainment and other local programming.

Statement from MultiChoice:

The decision to remove Galaxy TV comes in line with MultiChoice's strategy of continuously review local and international content and optimise their lineup. This is to ensure we deliver unbeatable content and that our services caters to the needs of our consumers.

Although, Galaxy TV wasn't accessible in South Africa or known in other parts of Africa it did however provide content on our Everyday Novelas column. Some of which can be accessible or awaiting release on the Mexican entertainment channel, TLNovelas.

During the year, Novela Magic went dark on their platforms another brand which was covered on our Everyday Novelas column. Since then, MultiChoice supplemented the offering with Magic Showcase and CineMagic which cater to low tiered consumers like DStv Easyview and GOtv Lite.

Disney+ Developing New Animated Series ‘Duckie’

Disney+ is gearing up for an exciting new animated pilot called Duckie. The project is in the casting phase, managed by Disney TVA Casting, to find the perfect voice talent. The production is scheduled to begin on August 1, 2023, and will be based in Burbank, CA.

The project, which falls under the umbrella of Disney+, is a 22-minute animated pilot that aims to captivate audiences with its unique storyline and relatable characters. The show will explore themes of personal growth, mentorship, and the power of overcoming challenges.

The storyline of Duckie revolves around the eponymous character’s journey of self-discovery. Having recently survived a feral creature’s attack, Duckie finds herself scarred and plagued by self-doubt. While she grapples with the aftermath of this traumatic experience, Duckie enters a pivotal phase in her life. However, her path crosses with a mentor whose unwavering belief in himself is both awe-inspiring and foolish. Initially, they clash, but as their journey progresses, they form a unique bond that holds the potential to save the universe.

The central character, Duckie, is a spirited and headstrong 15-year-old duck who grapples with the desire to be seen as a fully-formed adult within her extensive family. Despite her youth, Duckie possesses a curious nature, an adventurous spirit, sharp wit, and impressive technological skills. However, she is currently recovering from a traumatic attack, causing her to doubt herself in stressful situations. Nevertheless, her world changes when she encounters a mentor who might just help her navigate through her challenges and, together, they might have the power to save the universe.

Duckie is poised to be an exciting addition to Disney+’s animated lineup, promising a heartwarming and adventurous story that will resonate with audiences of all ages. Stay tuned for further updates on the casting process and production timeline as Disney+ continues to bring captivating content to its streaming platform.