Disney losing $30 m per day | Page 2 | The Boneyard

Disney losing $30 m per day

B1GEast said:
ESPN has asked talent to take pay cuts

www.usatoday.com

ESPN asking its top talent to take 15% pay cuts amid COVID-19 pandemic

ESPN asked its 100 highest paid commentators, including most of its top talent, to take voluntary 15% pay cuts over the next three months.
www.usatoday.com www.usatoday.com
Expand ...
I don't even peak at ESPN (TV) anymore lately. The website has turned into a TMZ type site, with no relevant information.

They would be better served in covering the virus with sports stories, current virus heroes, stadium workers, recovery/survival stories, etc..

Only because right now sports is irrelevant yet sports figures not so much.
 
Tuna said:
The fact that you once owned SCO in the hundreds, crude is at a 20 year low yet SCO is trading at $33 should tell you everything you need to know.

Just trying to be helpful. Hope you make $.
Expand ...

It had a stock split.

I didn't say you weren't helpful. I just think stocks rising by that amount in a year is an incredible gain.

SCO was at $10 or 11 just a couple months ago. It hit $50 a couple weeks ago. That would have been a $500% gain in a couple of months if anyone was crazy to hold on for that long.

When I bought SCO at its lows many years ago, oil was trading at $100 a barrel. Oil then fell to $20. That's why SCO skyrocketed from $15 (presplit) to $150 (presplit).

This time the fall came from $60 which explains the smaller rise from $10/11 to $50.
 
Last edited:
Kitaman said:
I don't even peak at ESPN (TV) anymore lately. The website has turned into a TMZ type site, with no relevant information.

They would be better served in covering the virus with sports stories, current virus heroes, stadium workers, recovery/survival stories, etc..

Only because right now sports is irrelevant yet sports figures not so much.
Expand ...

In the 80's and early 90's ESPN's afternoons were filled with replays of the previous night's games. I would be more likely to watch that than their talking heads. Sure, as a UConn fan I can record any UConn game and watch it. But there's a good chance every night there is a sporting event that has some cool storyline, finish or drama that you don't have recorded. I'd put that on in the background.

I've actually enjoyed some of the classic boxing matches, UFC and other sporting events from year's past during this down time.
 
upstater said:
It had a stock split.

I didn't say you weren't helpful. I just think stocks rising by that amount in a year is an incredible gain.

SCO was at $10 or 11 just a couple months ago. It hit $50 a couple weeks ago. That would have been a $500% gain in a couple of months if anyone was crazy to hold on for that long.

When I bought SCO at its lows many years ago, oil was trading at $100 a barrel. It fell to $20. That's why it skyrocketed from $15 (presplit) to $150 (presplit)
Expand ...

Not really relevant to the discussion but a math correction; $10 to $50 would have been a 400% gain. Still pretty damn good in my book.
 
Honestly, I'm surprised their losses are that low. That level of daily loss for a year would be $11 billion, or only 16% of 2019 revenue.
 
.-.
UConnJim said:
Disney+ going from 0 subscribers to 50 million in months vs taking Netflix about 14 years is remarkable and speaks to the brand. And it debuted in Europe last month and in India in the past week. We don’t know the net revenue per sub, but probably $5+ which is very respectable.

As for concerns about movies, Disney will take a hit for a while. Streaming first run movies could mean greater revenues for Disney than starting in theatres, but nobody can prove that yet.

ESPN is a cash cow that’s not growing. My guess is it will not be part of Disney in 5 years.

The parks will come back as a visit is on every families vacation must visit list. Parks won’t rebound overnight.

Disney stock was $80 recently and I thought it was a buy and now it’s $104. Great company with great brands, but business is being hit pretty hard so you will probably get another chance to buy it at a lower price.
Expand ...
ESPN was Disney’s main cash cow for almost 20 years. They focused on buying content. Their sports library is unparalleled anywhere. When people stop watching sports, then you can start that rumor again.
 
You must log in or register to reply here.

Forum statistics

Threads
168,204
Messages
4,556,794
Members
10,442
Latest member
Virginiafan


Top Bottom