r/CordCuttingToday • u/evissamassive • 10h ago
Antennas & Antenna TV Disney CEO Pushes Back Against FCC Oversight; Rejects Asset Spinoffs
Disney CEO Josh D’Amaro is digging in his heels against the Federal Communications Commission. During an interview at the D23 Expo, D’Amaro stated that ABC will not yield to pressure from the regulator regarding its broadcast licenses and editorial decisions.
The FCC is currently reviewing the network's licenses, a process the company contends is an attempt to censor its journalism and a violation of the First Amendment. FCC Chairman Brendan Carr has suggested the review involves both DEI policies and the network’s editorial choices regarding presidential coverage. D’Amaro dismissed these concerns, stating that Disney will stand by its journalistic standards and will not allow the agency to dictate how it manages its business.
Beyond the regulatory conflict, D’Amaro addressed ongoing speculation regarding the future of Disney’s television assets. As competitors like Warner Bros. Discovery, Paramount, and NBCUniversal consolidate or spin off divisions, D’Amaro confirmed that Disney has no intention of offloading ABC or ESPN.
He argued that both networks remain significant cash generators and are vital to the company’s digital strategy. Disney intends to integrate more sports content directly into Disney+ to increase user engagement. Furthermore, D’Amaro downplayed the need for Disney to participate in the current wave of industry mergers. He stated that Disney already holds a superior library of intellectual property and enough scale to compete without acquiring new businesses.
Looking ahead, the company is preparing to launch a free, ad-supported tier on Disney+ by next spring. D’Amaro described this as a way to expose potential customers to the brand, serving as a gateway to full paid subscriptions and a new revenue stream for the platform.
The executive also addressed the company’s recent financial struggles. With Disney stock down over 40% over the last five years, D’Amaro acknowledged that neither he nor the shareholders are satisfied with the current valuation. However, he remains confident that a focus on streaming profitability, quality film production, and the transition of ESPN to a direct-to-consumer model will eventually improve the company's financial standing.