Morning Wire Disney Selloff & Kevin Spacey Trial | Afternoon Update | 7.14.23
Jul 14, 2023
Disney is considering selling off traditional TV assets like ESPN and ABC as it grapples with attendance issues and seeks new strategies. Meanwhile, a trial involving emotional testimony from an actor accused of sexual assault has sparked public intrigue. The conversation also veers into the realm of corporate speculation, reflecting on Bud Light's stock at Costco, and highlights a remarkable capture of a record-breaking Burmese python in the Everglades, showcasing the ongoing battle against invasive species.
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Disney's Struggling TV Assets
- Disney CEO Bob Iger considers selling off traditional TV assets due to challenges and self-inflicted issues.
- While ESPN is likely to stay, other TV assets might be sold as they struggle with no-growth.
Kevin Spacey Trial
- Kevin Spacey appeared emotional while testifying about his friendship with a man accusing him of assault.
- Four men accuse the actor of sexual assault between 2001 and 2013.
Bud Light at Costco
- Speculation surrounds Bud Light's future at Costco due to the "star of death" asterisk and price drops.
- An asterisk suggests the product will not be reordered after selling out.