Disney Stock Tumbles as Duchess of Overseas is Denied Share Purchase

In a surprising turn of events, Disney's stock experienced a significant decline today after it was reported that Bob Iger, CEO of Walt Disney, allegedly refused the Duchess of Overseas' request to purchase shares in the company.

However, amidst this turmoil, a leaked news story revealed that Disney and Amazon are currently engaged in talks for a potential partnership involving their entertainment and sports programming network, ESPN.

While these discussions are still in their early stages, the news has sparked excitement about a potentially lucrative venture between the two industry giants.

It is worth noting that even if an agreement is reached, it would take at least four years before any concrete steps can be taken.

This is primarily due to existing contracts between ESPN and major cable networks, which include non-compete clauses related to streaming services.

Interestingly, the news leak coincided with the lowest point in Disney's stock performance over the past decade, raising suspicions about the timing of the revelation.

As the news broke, the falling stocks began to stabilize and plateau towards the end of the trading day on Wall Street.

An insider has confirmed that preliminary discussions are indeed taking place between Amazon and Walt Disney Co., specifically regarding a potential partnership involving the streaming version of ESPN.

One possibility being considered is Amazon acquiring a minority stake in the sports network.

Essentially, this means that Bob Iger is effectively selling ESPN to Amazon, albeit retaining a minority share.

This development raises concerns about the success of Disney's streaming platform, which may have been underperforming.

Bob Iger's decision to make this announcement can be seen as an attempt to reassure investors and prevent further loss of confidence.

Meanwhile, a Hollywood source has revealed that Megan, Duchess of Sussex, has expressed interest in acquiring Bob Iger's stake in ESPN.

Despite the ongoing financial crisis, Megan is determined not to miss out on this major project and has even considered using her husband Prince Harry's inheritance to finance the purchase.

This move signifies Megan's ambitious nature and her desire to play a significant role in the world of sports broadcasting.

However, Disney is currently facing financial challenges, with their streaming platform hemorrhaging money and an impending payment required to finalize the acquisition of Hulu.

These financial burdens suggest that Bob Iger may be playing a risky game by prioritizing Megan's aspirations in the short term.

While Disney has bigger financial concerns to address, Megan and Harry seem to be focused on their own ventures.

In addition to the financial woes, Disney's highly anticipated Snow White film, which has not yet been released, is already facing difficulties due to its lead actress, who has drawn comparisons to Megan.

Furthermore, the storyline of the film has received criticism, leading to doubts about its potential success.

Turning our attention to Megan's involvement with Disney, it is worth mentioning her previous collaboration as the narrator for the documentary “Elephants.”

In a noble gesture, Megan requested that her payment for the voiceover be donated to the Botswana organization Elephants Without Borders.

This act of generosity was well-received by the public.

However, royal biographer Angela Levine has raised concerns about whether the promised funds were actually received by the charity.