nelsonmuntz
Point Center
- Joined
- Aug 27, 2011
- Messages
- 44,485
- Reaction Score
- 34,029
I like Disney's streaming potential long term. I think there is a lot of room for price increases in the core Disney platform. Streaming services are very cheap for what you get. I like Hulu's original content is excellent, and I think it can be very successful as a DTC platform for ABC, FX and the other channels it resells. I am struggling a bit with Hulu's reseller model, but there is a solid business in there somewhere.
On the other hand, ESPN is losing value by the minute. The fact that Iger had to give away streaming subscriptions to Charter to maintain ESPN's carriage charges shows how desperate he is to put lipstick on the ESPN pig. Rumor is that Iger is asking for $50 billion for ESPN, but Iger will go down in history as a legendary CEO if he is able to dump that dumpster fire of dogspit for anything over $30 billion.
From a Barron's article this month:
On the other hand, ESPN is losing value by the minute. The fact that Iger had to give away streaming subscriptions to Charter to maintain ESPN's carriage charges shows how desperate he is to put lipstick on the ESPN pig. Rumor is that Iger is asking for $50 billion for ESPN, but Iger will go down in history as a legendary CEO if he is able to dump that dumpster fire of dogspit for anything over $30 billion.
From a Barron's article this month:
KeyBanc’s Nispel did the math and puts ESPN’s value at about $30 billion currently but he compared it to a “melting iceberg”, as he argued the broadcaster is set to struggle with an eventual transition to being primarily a streaming service.