and i forgot to include - basically Disney implied / admitted that the cost to
program ESPN may not allow them to continue to be as profitable if the
millennial continue this trend (and we know they won't...)
Will ESPN slash staff, people, games, programming or will they remove the
option to stream it online? How will they address this...
- Original Message -
From: CBB - Jay Fuller
To: af@afmug.com ; memb...@wispa.org
Sent: Wednesday, August 05, 2015 8:32 PM
Subject: [WISPA Members] cord cutting finally having a major impact -
disneystock down 10%+ - and they're not alone
I had some Disney on a Jim Cramer (Mad Money) recommendation and it's done
quite well. Today it was down 10%. Tonight's Mad Money covered the
conference call quite well - - most all of their earnings were in line except
for the tv entertainment side of things - which includes ESPN - and all of the
bundled ESPN channels that cable generally must subscribe to. Disney was not
alone in the decline.
Additionally, Cramer dug down into what we already knowthat millennial
generally do not take the cable package - especially when starting their own
families - and instead tend to stream programming on their phones or tablets -
and not paying the bigger bucks to view it in traditional methods.
I'm excited - as this is one of the first times I've publically seen new
trends called out publically (outside of our industry). we all know what is
happening - but maybe if the cable cos and content distributors begin to feel
it too it'll be the straw that finally begins to break the camels back - - just
as we get to the point where more and more of us can focus on bandwidth
delivery - without the TV triple play to back it up.
Yay. Comments?
--
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