Disney's CEO Bob Iger sat down with CNBC's Julia Boorstin for an in-depth interview about the media giant's latest earnings, a $1 billion video streaming investment and the election.
On Tuesday, Disney announced the acquisition of a 33 percent stake in BAMTech, the video streaming unit of Major League Baseball.
"We think that in today's world having the ability to stream on a scale basis live sports and live programming is a competitive advantage and something that's necessary," said Iger. "As a majority owner, we feel it gives us an ability to jump-start not only ESPN, but our other businesses as well," he added.
Other topics discussed in the interview include:
- Why it makes sense for Disney to acquire a BAMTech stake as opposed to renting the services.
- Earnings trends in the traditional television model, theme parks and other businesses.
- The upcoming election and whether it may have an impact on the company.
The full interview is only available to CNBC PRO subscribers.
