To Save Disney, Bring Back the Takeover Market.

This article discusses the challenges facing Disney CEO Bob Iger and the potential impact of the Biden administration on the company's future. The author suggests that a lively market for control, including potential sales or breakups, could inspire new strategic ideas for Disney. However, the author also highlights the potential deterrent effect of Biden's regulators on proposed deals. The article explores the idea that conservative populism and a negative view of corporate transactions could harm the dynamism of the economy. The author also raises questions about Iger's ability to make necessary changes and suggests that selling the company, while potentially seen as a defeat, could be a viable option. Finally, the article proposes a strategy for Disney to focus on supplying high-quality content to streaming platforms rather than investing heavily in its own streaming efforts. [Extracted from the article]