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Anonymous
Disney is slowly dying 2017-05-30 05:23:08 Post No. 83369938
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Disney is slowly dying 2017-05-30 05:23:08 Post No. 83369938
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ESPN’s tough mix of subscriber losses and higher programming costs put Disney on the defensive during its fiscal second quarter earnings conference call.
Disney chairman-CEO Bob Iger tried to get out in front of the news, emphasizing during his opening remarks that Disney has been working for the past two years to transform its sports media powerhouse for the new era.
“We recognized the early signs of a shift in the industry, anticipated its impact, and reacted quickly with a strategy that reflects the reality of the evolving market,” Iger said.
The perfect storm of higher programming costs in the first year of ESPN’s new NBA contract, higher production costs from three college bowl games that weren’t in the comparable quarter last year, and subscriber erosion led to a 3% year-over-year decline in operating income for the cable networks, which came in at $1.8 billion for the quarter.
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What kind of retards still watch sport anyway?
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>>83369938
The king mouse isn't dying, just one of the lesser mice that have gotten fat and gay and aren't bringing enough cheese for Mike.
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>>83370068
Dumb middle America Hicks, the same rype of losers that elected Donald Trump
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Disney owns Pixar, Marvel, and Lucasfilms. Those three companies alone shit money. Disney isnt slowly dying.
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>/sp/ is the downfall of Disney
BASED
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Disneyland makes like $20 million a day, and viewership in sports has been going down for decades.
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>>83370068
The issue for them is that people are cord cutting fast, and ESPN is locked into big contracts for years.
For example, - ESPN pays the following per year.
$1.9 billion a year to the NFL for Monday Night Football,
$1.47 billion to the NBA,
$700 million to Major League Baseball,
$608 million for the College Football Playoff, $225 million to the ACC,
~$200 million to the SEC
$190 million to the Big Ten,
$120 million a year to the Big 12,
$125 million a year to the PAC 12,
every time someone cuts the cord, ESPN loses something like $120 buck a year in fees.
Soon all the profits from Marvel and so on will just be feeding the cost of fees that ESPN has racked up.
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>>83370122
ESPN alone is on the hook for ~40 billion dollars in fees.
That a hell of a lot of Pixar hits to cover that as more people cut the cord.
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>>83370204
Then why did this cunt of a CEO thought it was a great acquisition? This fucker does only do one thing, acquisitions. He turned Lucasfilm into a dumb blockbusters assembly line. What did he do with Pixar?
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>>83370068
Chads that get all the pussy.
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>>83370387
Made Steve Jobs widow the largest Disney stockholder.
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>>83369938
Disney will outlive every single person reading your delusional shitposting
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Disney's been slowly dying over the past decade.
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>ITT: people too dumb to understand what ESPN dying would mean
It's not Star Wars or Marvel films, the big juicy stuff is sports.
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>>83370122
>>83370204
>>83370257
>>83370314
My understanding was that all of the Disney branches remain basically separate. Why would Pixar/Marvel/etc have to cover ESPN's costs?
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>ESPN talks more about politics than sports
>ratings decline
Holy fuck OP. I think you're onto something!
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>>83370122
>Disney owns Pixar, Marvel, and Lucasfilms
Two out of three of those are still in the red.
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>>83371140
The parent company (Disney) has to cover all the costs of ESPNs contracts. So while Pixar and Marvel are not directly involved, once ESPN goes into the red (which is expected to be in 2018 unless they slow down cord cutting or find new revenues) they will have to divert money from Pixar or Marvel to cover the shortfall.
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