Former Walt Disney CEO Bob Iger is not bullish on the future of television.

While heading Disney, Iger was in charge of ABC Television, but he doesn’t see a bright future for the industry.

He believes that streaming is the future and he doesn’t think all streaming services will make it either.

“There will be haves and have nots,” the former House of Mouse boss added, predictably praising Disney+, Netflix, and the “deep pockets” of Apple and Amazon. “I’m not going to make predictions about the others, Iger went on to say, leaving the likes of HBO Max and Peacock dangling in the wind.

“Linear TV and satellite is marching towards a great precipice and it will be pushed off,” the man who worked for and ostensibly controlled ABC for years asserted, prophesying a “world of hurt” coming “I can’t tell you when, but it goes away,” he added.

Stay tuned…

H/T Deadline