Kolek planning to go pro
Old news. Been discussed frequently here. All of that cost-cutting (Cowherd, Simmons, Olbermann) took place for a reason.
I bought some today when it was down about $10.00. May buy some more tomorrow.I love Bob Iger, but thought he was a bit disingenious with his statement that they could go OTT today if they wanted to. From a technical perspective, he's correct. From a contractual perspective, not so fast. More importantly, he knows that if he did the amount of money he stands to lose is huge. That's why they are sticking with the bundle despite a lot of people screaming they shouldn't, because of those people simply don't understand the mechanics or the risk involved.Some day, yes, but not for awhile.
100% correctBut isn't the market saying that "someday" is actually a lot sooner than you think?
Star Wars Land...this is why I bought more Disney stock last week. With Marvel, Lucas, etc....Disney will be doing just fine.http://mashable.com/2015/08/15/star-wars-the-force-awakens-disney-d23/?utm_cid=mash-com-fb-main-link
The stock has not recovered from its ESPN cord-cutting dive.As noted above, on August 5 Disney closed down 9% at $110.53, its worst day since the financial crisis. On Friday (Aug 14) it closed at $107.Yes Disney may recover for non cord-cutting reasons, one of which you note. But, make no mistake, the market has decided that cord-cutting is accerlating faster than anyone imagined. The single biggest loser due to cord-cutting will be ESPN (and its owner Disney), quickly followed by sports properties (NFL, NBA, ACC etc.) that depend in sports networks to grotesquely overpay for their product.
Disney's stockis getting smashed again today. Down 6% to $100 Recall on August 4 it was trading $122, then the next day Disney said cord-cutting is much faster than anyone ever thought, which devastates ESPN. In three weeks the company has lost 20% of its value.Remember, the market makes it's own reality. You can give me tons of reasons why this is wrong, and you will be 100% correct. But the market has decided that bundles and the current business model is done. We are just waiting for industry execs to sign the death certificate. In the meantime the market is taking money away from "bundle sellers" (Disney, Time Warner, Fox, Comcast, etc) them and giving it to streaming serves (like HBO, Netflix and Google because it owns YouTube.)Again the biggest loser is ESPN which means the live sports will be killed. No more way overpaying for their broadcast rights. It will take a few years as the current contracts have to expire, but this could be the busting of the live sports bubble.
I agree that the paradigm is changing...but don't think ESPN will be the biggest loser. Even though it has traditionally made its money as part of a bundled package, ESPN has a big enough name that it should be able to get subscribers if/when all viewing becomes a la carte. I think the real losers will be the smaller networks (Hallmark, Oxygen, Comedy Central, FoxSportsOne), which seem to do OK as "add-on" channels as part of a bundle, but which may not have a large enough following to compete independently.
Do people really watch sports highlight shows anymore? If I want highlights I get it streamed from some website. Oftentimes straight from the league (MLB is pretty good about providing highlights).Isn't FS1 competing with ESPN for Sportscenter viewers two starving castaways fighting for the last coconut?
Buy buy buy
You lost $10 bucks a share when you bought Disney a week ago. Meanwhile, AT&T going sideways down. Sell, sell, sell. I will listen to Heise since he built The Al.http://www.marketwatch.com/investing/stock/t
Wow, I'm very concerned for Benny. Being able to mimic Myron Medcalf's writing so closely implies an oncoming case of dementia.
DIS is overvalued. Motley Fool has been selling its "four secret stocks to buy" report - which includes DIS - for a couple years now. A lot of people buying the dream... but it's no more rational than people who buy lottery tickets to get rich. The problem is, no one can come out and say it because Disney is still a corporate juggernaut and has the revenues to show for it. The real issue is that they have too many eggs in the media/entertainment sector, which is going through a major evolution in consumer demand right now... if the cord-cutting fad becomes fashion, the mouse is in serious trouble.