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: [email protected] ; [email protected] 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 know....that 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? ------------------------------------------------------------------------------ _______________________________________________ Members mailing list [email protected] http://lists.wispa.org/mailman/listinfo/members
