PG:

My sympathies on the strike. May you get a fair and equitable contract as
quickly as possible. Let me know if there's anything I can do to help from
out here in Beautiful Naperville, Illinois.

Joe

On Mon, Aug 15, 2022 at 2:02 PM PGage <[email protected]> wrote:

> I’m not saying I know better than Daniel Loeb and his hedge fund, Third
> Point LLC, who announced he has just acquired a big chunk of Disney stock.
> But I’m not convinced now is the time to sell ESPN, just as live sports is
> about the only thing keeping television going. In fact a lot of analysts
> have been saying that the new post Netflix Boom reality is less emphasis on
> fast streaming subscriber growth,  more on sustainable profit centers.
>
> Perhaps he is motivated more by the potential bonanza for ESPN if it were
> able to go all in on sports betting. I suppose with that in mind ESPN is
> worth a hell of a lot more to a non Disney buyer than to Disney, and Disney
> stockholders would make out like bandits (that may be redundant). Or,
> perhaps Loeb is thinking that another entity he also invests heavily in
> would buy ESPN, and make their own bundle with sports betting.
>
> Folding Hulu into D+ is inevitable, but the call here is to do it sooner,
> meaning paying Comcast $9Billion now rather than in two years, when Disney
> will be obligated to anyway. The idea here is to goose D+ subscriber
> numbers even more than the impressive report Disney just gave, which would
> put the stock value on overdrive.
>
> All of this just more and more reminders that corporate decisions are less
> about how to improve the quality of their service or product line, and more
> about making an even more obscenely large profit for investors and
> corporate officers. This is what we are seeing at Warner-Discovery, and at
> Disney. Of course this has always been true, but is becoming more so.
>
> Sorry - I’m out on Strike at Kaiser, likely for weeks or months, and in an
> ugly mood toward corporate greed and mendacity…
>
>
> https://www.latimes.com/entertainment-arts/business/story/2022-08-15/should-disney-spin-off-espn-and-fold-hulu-into-disney-one-investor-thinks-so
>
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