Twenty-First Century Fox CEO James Murdoch is actually in an advantageous position after the Disney deal, Hollywood mogul Jeffrey Katzenberg told CNBC on Friday.
Disney announced on Thursday its intention to buy major Fox assets in a transaction worth $52.4 billion in stock. Murdoch, son of Fox chairman in addition to media titan Rupert Murdoch, will help Disney with the transition.
“James is actually from the catbird seat,” said Katzenberg, co-founder of DreamWorks in addition to former Disney studio chairman. “I mean he is actually one of the smartest, most articulate, most intelligent media executives today.”
“He’s young, he’s bold, he’s been an entrepreneur, he’s got a bunch of billions of dollars,” Katzenberg added in an interview on “Squawk Box.” “I mean he’s got a heck of a path in front of him.”
Earlier This kind of month, the Financial Times reported James Murdoch could be a potential successor to Disney Chairman in addition to CEO Bob Iger.
nevertheless in which won’t happen anytime soon. As part of the Fox deal announcement, Disney said Iger would certainly remain chairman in addition to CEO of through 2021
In an interview Thursday, Iger said he would certainly be in talks with the younger Murdoch over the next few months in addition to they’ll discuss “whether there is actually a role for him or not at our company.”
Katzenberg said Murdoch will likely be successful no matter what he does. “Whether if in which’s with the Walt Disney company or not — in which I think will reveal itself over the next year,” he said.
Katzenberg, managing partner of media in addition to tech company WndrCo, was chairman of Walt Disney Studios by 1984 to 1994. After leaving Disney, Katzenberg began Dreamworks with music mogul David Geffen in addition to Hollywood director Steven Spielberg. In August 2016, DreamWorks was sold for $3.8 billion to Comcast, owner of CNBC’s parent NBCUniversal.