Although Disney has not disclosed its motivations to the public, experts speculate that it may be a calculated move to increase its investments in streaming services like Disney+ as traditional network television’s viewership continues to drop.
Vincent Marquez, a millionaire businessman who is well-known in the electronics and real estate sectors but not as well-known in the entertainment field, is credited with acquiring ABC.
Over the years, Marquez has maintained a quiet profile, but this transaction has put him in the public eye.
Since acquiring the network, Marquez has made it obvious that he intends to change ABC’s programming.
What was his first task? The discussion show “The View,” which has been a mainstay of daytime television for more than 20 years, may be cancelled.
