Perhaps Amazon and others have already low-balled Disney regarding an acquisition of the Company? I know if I were Amazon, YouTube or Apple, and I was to lob an offer into Disney, I would not impute much value to ESPN. Sure, ESPN is a widely-recognized brand, but so is Amazon, YouTube and Apple. Further, ESPN … Continue reading Perhaps Disney Has Already Been Low-Balled?
Disney (DIS) needs additional hit content for its Disney+ streaming platform. The streaming game is a scale game. Production houses that own their own streaming platform (Netflix, Disney, Comcast, Warner Bros. Discovery), need to ensure they have sufficient "hit" content to drive profitable streaming operations. Ideally those content producers want to achieve streaming profitability primarily … Continue reading Disney Should Acquire Warner Bros. Discovery
ESPN+ is the strongest component of Disney+ when one considers ESPN+'s subscriber growth and average monthly revenue per paid subscriber. ESPN+'s "anchor tenant" is the UFC (Disney signed a 5-year, $1.5 billion deal with Endeavor-owned UFC that became effective January 2019). Disney will want to renew its UFC deal. Therefore, why not acquire the asset … Continue reading Why Disney May Acquire Endeavor
Disney CEO Bob Iger's end game for the house of mouse does not necessarily have to be a sale to Apple (AAPL), Amazon (AMZN) or Google (GOOGL), nor does it have to be a merger of equals with someone such as Comcast (CMCSA, the leading candidate to acquire WWE). Batman to the rescue. An acquisition … Continue reading Disney’s Next Deal
I am not buying the talk that Bob Iger's mission is to identify his successor at Disney (DIS). A sale will most likely be Iger's final act as Disney CEO. Iger already whiffed once with his selection of Bob Chapek as his successor. Iger will not make the same mistake twice. Rather than name a … Continue reading Bob Iger’s Mission? Sell Disney.
New Bain study suggests that 1 in 4 streaming subscriptions is shared. Disney+ tops the list with approximately 33% of people who use the service access it with someone else's subscription. Netflix is #2 with approximately 30% of people accessing the service via someone else's subscription.Read about Apple TV+, Amazon Prime Video, HBO Max and … Continue reading May I Borrow Your Password?
Will Apple, Disney or Netflix pursue an acquisition of NewCo? Last year we wrote that AT&T should sell WarnerMedia. On Monday AT&T (tkr: T) led by John Stankey agreed to spin-off its WarnerMedia asset and to combine it with John Malone's Discovery (tkr: DISCA) in a new, publicly-traded company led by Discovery CEO David Zaslav. … Continue reading AT&T Took Our Advice But It Does Not Solve The Scale Problem
As we wrote in September of last year, Netflix (tkr: NFLX), Should Acquire Video Game Publishers. Netflix teased a video game strategy on tonight's earnings call. Disney (tkr: DIS), proved the model on the feature film side with acquisitions of Pixar, Marvel and Lucasfilm. The video game space will prove no different. After all, hit … Continue reading Netflix & Video Games Can’t Happen Soon Enough
We migrated off of AT&T's (tkr: T) mobile plan over the weekend in favor of Alphabet's (tkr: GOOGL), Google Fi mobile phone service. Google Fi charges less for unlimited calls and texts: Google Fi charges $20 for unlimited calls and texts per user per month vs. $25 for AT&T; Google Fi charges less per GB … Continue reading AT&T Is Caught In A Pickle. Google Is Benefitting.
Disney recently refined its segment reporting into two major categories: "Media and Entertainment Distribution" and "Parks, Experiences and Products" detailed in this filing. We have advocated for a separation of Parks from Media, most recently in March 2020. The requisite leadership is in place to manage two separately-traded public companies post-spin. Disney's Parks, Experiences and … Continue reading Disney Getting Closer To Spinning Parks from Media?