Hello and welcome back to What I’m Hearing...
Hello and Happy Hanukkah to those who celebrate.
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Discussed in today’s email: Scott Stuber, Ann Sarnoff, Channing Tatum, Bob Iger, Jeremy Zimmer, Nancy Tellem, Adam Silver, Bill Block, and Disguised Toast.
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There are big hurdles—including a potential $2 billion price tag. But if everything falls in place, Iger could get that gracious Disney exit he has coveted. It’s crunch time for Bob Iger if the outgoing Disney executive chairman wants to announce another gig before he leaves the company at the end of the year. Several options are still on the table, I’m told, but one potential scenario could be particularly interesting: NBA owner. Iger has told at least a couple friends that he’d love to front a bid for the Phoenix Suns if the hoops team were to become available, which it just might in the next couple months.
To be clear, there haven’t been any formal conversations, and Iger’s Disney rep declined to comment. But if you haven’t been following, Robert Sarver, the Suns’ controlling owner, was the subject of a damning ESPN report earlier this month that alleged a bunch of bad behavior, including using the n-word in front of a Black head coach, passing around pictures of his wife in a bikini, and asking a female employee if he “owned” her. NBA commissioner Adam Silver launched an investigation of Sarver, the results of which are expected in the next few months.
If the probe fails to unearth additional bombshells, most NBA people believe Sarver won’t be forced to sell. But smoke often signals fire, and the investigation is being handled by the Wachtell Lipton law firm, which also looked at L.A. Clippers owner Donald Sterling’s use of racist language before Sterling was forced to sell the team in 2014. Steve Ballmer then bought the Clippers for $2 billion as his follow-up move after stepping down as Microsoft C.E.O.
Could Iger follow that path?... FOUR STORIES WE'RE TALKING ABOUT A chat with James Andrew Miller about the HBO-Netflix rivalry, the disastrous AOL merger, and what's next for David Zaslav. MATTHEW BELLONI It’s a wild paradox: Harris is the second-most powerful office holder in American history, but suddenly facing nothing but downside PETER HAMBY One of the country’s most respected copyright experts joins the Quentin Tarantino's battle with Miramax over script NFTs. MATT BELLONI Inside the dynastic politics, boardroom dramas, and M&A land-grabs that are reshaping the media-tech-financial landscape. WILLIAM D. COHAN AND DYLAN BYERS
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