Disney Is Selling ABC For $20 Billion, New Owner Declares ‘The View’ Worst Show Ever and Demands It Be Canceled Due to Negative Reviews.
It’s the end of an era in the broadcasting world as Disney is set to sell ABC for a mere $20 billion, a move that has not only shocked the industry but also ignited a series of debates about the future of television and, more specifically, the fate of the long-standing talk show, “The View.”
With the myriad streaming services dominating viewers’ screens and traditional TV networks grappling for a foothold, the broadcasting landscape is witnessing seismic shifts. Even then, no one saw the Disney-ABC sale coming, especially at such a staggering low price.
ABC, the American Broadcasting Company, has been a household name since its inception in 1943, offering a wide range of programming that has often defined American pop culture. So, why would Disney, which acquired ABC in 1995 in a landmark deal, part with such a historic piece of its media empire?
While Disney has not publicly detailed its reasons, insiders suggest it might be a strategic move to double down on its streaming ventures, like Disney+, as traditional network television continues to see a decline in viewership.
The acquisition of ABC has been credited to billionaire entrepreneur Vincent Marquez, a relatively unknown name in the entertainment industry but a significant player in real estate and tech sectors. While Marquez has managed to keep a low profile over the years, this acquisition has thrust him into the spotlight.
Marquez, upon acquiring the network, has made his intentions clear: he wants to overhaul ABC’s programming. His first order of business? The potential cancellation of “The View,” a talk show that’s been a cornerstone of daytime television for over two decades.
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