CES 2018: Sherwood Won’t Comment on Fox Deal

Disney exec sees ‘opportunity in chaos’

Las Vegas -- At this point, TV is disrupting the internet, said Ben Sherwood, president of the Disney/ABC Television Group.

Read More: Complete Coverage of #CES2018

While obituaries for the TV business are written periodically, Sherwood said at the 2018 CES in Las Vegas: “The sky is not falling. I think the sky is rising.”

ABC’s parent, The Walt Disney Co., is betting on TV, agreeing to acquire TV studios and cable networks from 21st Century Fox.

Related: Disney Pulls Fox Trigger

Sherwood said he couldn’t say much about how the deal would change the company.

“I wish I could be entertaining or offer something insightful, but with the regulatory process ahead, the company has said everything it’s going to say in public,” Sherwood said, adding, “I’m excited about it, and we’ll leave it at that.”

Sherwood noted that “the pace of change is unbelievably fast. Some of us love the volatility and uncertainty and see the opportunity in all that chaos.”

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Disney, he said, “sees a new era ahead.”

Sherwood noted Disney's plans to launch over-the-top subscription streaming video products based on the Disney and ESPN brands.

Asked about producer Shonda Rhimes, who is inked a production deal with Netflix, Sherwood said “I wish Shonda had stayed.”

Read more at broadcastingcable.com.