Tha Realest
Well-Known Member
“It’s just one bad day.”
So how do you explain the 5D/month/6mo/YTD/5Yr comparisons being absolutely dreadful compared to S&P/other streamers/media companies of comparable size/scope?
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News The Walt Disney Company Board of Directors Extends Robert A. Iger’s Contract as CEO Through 2026
- Thread starter DCBaker
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So how do you explain the 5D/month/6mo/YTD/5Yr comparisons being absolutely dreadful compared to S&P/other streamers/media companies of comparable size/scope?
CinematicFusion
Well-Known Member
It’s been a down two years for Disney starting in Feb 2021 when it was 189.00
ESPN is considering charging between $20 and $35 a month for the new streaming service, which could make it the most expensive streaming service in the U.S.
Amazon in talks to stream ESPN and become a minority partner with Disney
Sirwalterraleigh
Premium Member
Espn generated pretty much half their profits for 15 years…and has been collapsing for the last 15.
I’m willing to bet at least 50% of semi-hardo Disney fans don’t understand that at all.
It really affects everything…
Tha Realest
Well-Known Member
And live sports rights (NFL, NBA, CFB) are getting increasingly expensive while at the same time the channels/networks revenue streams are increasingly unreliable.
Sirwalterraleigh
Premium Member
Well espn was the king of cable
But cable continues to collapse because of the customization/localization that streams can offer…
ESPN has little value anymore. It’s never gonna recover/rebound. The tech changed and that makes it kinda like Kodak
Basil of Baker Street
Well-Known Member
And this $30/month ESPN subscription that has been floating around is going to be a hard sell. I guess that is why we are hearing Bezos' name entering the mix for a partnership.
Sirwalterraleigh
Premium Member
They’re trying to sell of the unattractive parts for cash…or at least try to defray some costs
I think Bezos is retired now?
LSLS
Well-Known Member
It's completely crazy if that is true. I can't imagine even a quarter of their subscribers stay at that price.
Sirwalterraleigh
Premium Member
Frankly it’s barely worth the $10 I pay just for hockey part of the year…
“programming” has almost zero DTC value in sports. It’s only games/specific teams that can draw year over year
LSLS
Well-Known Member
Agreed. Honestly I've debated if I want it for the season this year with the threats of shutting down sharing accounts. Not sure it's worth it for 6 months a year.
Basil of Baker Street
Well-Known Member
He may be. I don't keep up. ESPN better hope the SEC contract works out for them.
Bezos recently donated $100M to the Maui wildfire relief efforts. He's got money to spend if need be.
Tha Realest
Well-Known Member
He could buy TWDC in its entirety and still be a multi billionaire.
Even Bezos ex wife when awarded $35B in the divorce settlement, she already gave away $17B to charity and causes.
Sirwalterraleigh
Premium Member
That’s as good of league as you can get these days
Comcast gave a ton to the Big 18
The problem with NCAA is people only really key in 15 Saturdays and 3 weeks a year
It flatlines after those days. Like Christmas in January
Tha Realest
Well-Known Member
Bob’s really become a lightning rod in all of this
Sirwalterraleigh
Premium Member
Sirwalterraleigh
Premium Member
I actually think there is a bit of a Hollywood cabal there
Both in amongst the major studio players and between Disney shareholders and Iger
Disney shareholders - especially institutional and fund managers - are heavily invested in other tech/entertainment.
It only makes sense there’s a bit of a United front here
CinematicFusion
Well-Known Member
ESPN was the lifeblood of Disney. Nothing replaces that revenue stream
Sirwalterraleigh
Premium Member
And that’s a big part of the management story for Disney for 30 years
Everyone thought Eisner was nuts buying Capitol cities…but the ESPN buy worked beyond his wildest dreams 95-2010
Since…Iger reaped profits as they crescendoed…but obviously didn’t know how to navigate the fall.
I don’t blame him…If he didn’t know, literally no one could have
But their tentative move to stream was twofold:
1. They wanted to suck every penny out of old costs with cable. Sound familiar in parks these days?
2. They don’t buy the stream profits either. It’s a sales pitch to investors. If they knew the money was there…they wouldn’t have waited so long to get in the game. Same goes for the other studios
Easy money draws like bugs to a light. “Wait and see?” Is a gigantic red flag