News The Walt Disney Company Board of Directors Extends Robert A. Iger’s Contract as CEO Through 2026

[CinematicFusion]

It was a down day for the whole market.

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]

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

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]

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…

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]

And live sports rights (NFL, NBA, CFB) are getting increasingly expensive while at the same time the channels/networks revenue streams are increasingly unreliable.

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 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

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]

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.

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]

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.

It's completely crazy if that is true. I can't imagine even a quarter of their subscribers stay at that price.

 

[Sirwalterraleigh]

It's completely crazy if that is true. I can't imagine even a quarter of their subscribers stay at that price.

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]

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

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]

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?

He may be. I don't keep up. ESPN better hope the SEC contract works out for them.

 

[Lilofan]

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.

Bezos recently donated $100M to the Maui wildfire relief efforts. He's got money to spend if need be.

 

[Tha Realest]

Bezos recently donated $100M to the Maui wildfire relief efforts. He's got money to spend if need be.

He could buy TWDC in its entirety and still be a multi billionaire.

 

[Lilofan]

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]

He may be. I don't keep up. ESPN better hope the SEC contract works out for them.

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]

Bob’s really become a lightning rod in all of this

 

[Sirwalterraleigh]

Even Bezos ex wife when awarded $35B in the divorce settlement, she already gave away $17B to charity and causes.

And she has like $50 in the bank now

Money breeds more money

 

[Sirwalterraleigh]

Bob’s really become a lightning rod in all of this

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]

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…

ESPN was the lifeblood of Disney. Nothing replaces that revenue stream

 

[Sirwalterraleigh]

ESPN was the lifeblood of Disney. Nothing replaces that revenue stream

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

 

[el_super]

ESPN was the lifeblood of Disney. Nothing replaces that revenue stream

Why? Because people don't like sports anymore?