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    Disney got ‘The Simpsons’ and ‘Avatar.’ But some now see the Fox deal as a mistake

    LOS ANGELES — Will history judge Walt Disney Co.'s $71.3 billion purchase of 21st Century Fox a success? Or will the 2019 acquisition turn out to be Disney Chief Executive Bob Iger's biggest blunder? Activist investor Nelson Peltz's excoriation of Iger's decision to load up on content for the streaming wars by buying Rupert Murdoch's TV and movie studios and other entertainment assets has ...
    by Meg James, Los Angeles Times Feb 20, 2023 4 minutes
    Bob Iger arrives at the 92nd Academy Awards on Sunday, Feb. 9, 2020, at the Dolby Theatre at Hollywood& Highland Center in Hollywood, California.

    LOS ANGELES — Will history judge Walt Disney Co.'s $71.3 billion purchase of 21st Century Fox a success?

    Or will the 2019 acquisition turn out to be Disney Chief Executive Bob Iger's biggest blunder?

    Activist investor Nelson Peltz's excoriation of Iger's decision to load up on content for the streaming wars by buying Rupert Murdoch's TV and movie studios and other entertainment assets has touched off a spirited debate.

    Peltz, through his Trian Fund Management, accused Disney executives of exhibiting "poor judgment" by "materially overpaying for the Fox assets." Earlier this month, his firm ended its proxy fight against Disney.

    But the hangover from the Fox deal has come into sharp focus this month in light of Iger's including eliminating 7,000 jobs. It is among the largest reductions in the history of the storied entertainment company, which cut thousands of jobs following the Fox deal.

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