Where Is Everyone? Disney World "Just About Empty"
https://www.zerohedge.com/markets/where ... bout-empty
With his contract extended for two years, until 2026, Iger has time to implement his vision for the company, one that centers on two pillars: streaming and theme parks.
Everything else, including Disney’s cable channels, could be on the table for a possible sale.
Disney is also taking steps to ensure that its earnings return to a more sustainable path.
Costs have been cut, shows canceled, and a course forward—one that focuses on what Disney does well and profitably—charted.
Robert Herjavec: I think there are way too many streaming channels, and we're gonna have a big shakeout. "The people that are gonna survive are the ones that have the brand that can have price elasticity."
If I took Disney off my streaming service my 5-year old twins would go crazy. So they can raise the price by 20%, 30% -- they can raise it next year, I will pay, consumers will pay. That's not true of all the streaming apps."
People simply go to the movies less and that's not going to change.
Iger must also figure out a business model for ESPN as the cable universe collapses and the company loses hundreds of millions of dollars each month it used to collect from cable companies.
Add in the company's political battles in Florida, questions about the cost of content for the Disney+ streaming service, and general economic concerns hurting theme park attendance.
Disney's parks business is showing signs of slowing down, its linear TV division is on a decline, Disney+ subscriber growth has lost momentum and Disney appears to have lagged behind its competitors at the box office,
Iger has identified three pillars that will drive Disney’s growth in the coming years:
1. Film studios
2. The parks and
3. Streaming.
ESPN, in particular, is set to undergo a full transition to become a direct-to-consumer platform.
Nevertheless, analysts and media experts warn that this journey could be challenging, primarily because of the high costs of sports rights and the potential resistance from consumers who already subscribe to multiple streaming services.
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