It is now about 6 years since Disney purchased Fox and Comcast purchased Sky. Which company did better?
We must start by looking at the Market cap of both companies in 2019. Comcast was worth just over $150 billion and Disney was worth a little less. So today Comcast has a market cap of $128.589 or about $22 billion less even though they paid over over $30 billion for Sky. Disney paid $71.3 billion for Fox but got about $25 billion for their Sky portion and RSN'S. They also got a bit more for other assest sales and as of today Disney's market cap is $204.027 billion or $74.438 billion more than Comcast's.
Now, honestly looking at the numbers Comcast is a complete and utter failure. Disney is worth a bit more that the addition net purchase but not by much. So, the purchase didn't work out as hoped but didn't fail like Comcast.
Looking towards the future Comcast is losing it's video business and broadband. The future of internet service will be a low cost and low profit business not what Comcast believed. Further their $90 plus billion dollar debt is a much bigger problem than Disney's $38 billion debt. The only business Comcast has that is really successful if their parks.
What assests can Comcast dispose of that can be used to pay off the debt? The spin off of the cable networks are designed to increase value to the shareholders so they won't be giving much of the debt to the new company. The cable and broadband are shrinking. The studio and NBC are profitable and because of sports needs Peacock. If Robert's wants to keep his father's legacy he will keep Comcast, NBC and Universal but be forced to sell or spin off the Parks. The only other option is sell Comcast to Charter and that might not be allowed.
We must start by looking at the Market cap of both companies in 2019. Comcast was worth just over $150 billion and Disney was worth a little less. So today Comcast has a market cap of $128.589 or about $22 billion less even though they paid over over $30 billion for Sky. Disney paid $71.3 billion for Fox but got about $25 billion for their Sky portion and RSN'S. They also got a bit more for other assest sales and as of today Disney's market cap is $204.027 billion or $74.438 billion more than Comcast's.
Now, honestly looking at the numbers Comcast is a complete and utter failure. Disney is worth a bit more that the addition net purchase but not by much. So, the purchase didn't work out as hoped but didn't fail like Comcast.
Looking towards the future Comcast is losing it's video business and broadband. The future of internet service will be a low cost and low profit business not what Comcast believed. Further their $90 plus billion dollar debt is a much bigger problem than Disney's $38 billion debt. The only business Comcast has that is really successful if their parks.
What assests can Comcast dispose of that can be used to pay off the debt? The spin off of the cable networks are designed to increase value to the shareholders so they won't be giving much of the debt to the new company. The cable and broadband are shrinking. The studio and NBC are profitable and because of sports needs Peacock. If Robert's wants to keep his father's legacy he will keep Comcast, NBC and Universal but be forced to sell or spin off the Parks. The only other option is sell Comcast to Charter and that might not be allowed.
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