CHoto
02-27-2016,
Surprise? Yeah I would say so. Like no one wants to stay there. Disney is facing pressure.
Their ESPN segment: Sports are losing their stranglehold on (American) society. Look at the decline in interest in March Madness this year; I know this is not directly owned by ESPN, but I think it is a signal. Once people realize they don't need to follow every game in March Madness then what is next? They are now realizing they can live without football for months, and their lives are fine. There's tons of other entertainment options. This is an on demand society.
Their Marvel/Star Wars segment: Don't assume you can pencil in $2B movies every summer for the next 10 years. Remember how pervasive Tower Records used to be? People learned they don't need to spend $20 on entertainment, once they found downloading in the late 90's, and streaming nowadays. Various parts of movie entertainment have disappeared as well already. Drive in movie theaters, Blockbuster Video...All that's left is the movie theater, and once that falls to Netflix's alternative (jeez, I don't need to waste time on parking and overspend on stale popcorn?) then where will movies play?
Their ESPN segment: Sports are losing their stranglehold on (American) society. Look at the decline in interest in March Madness this year; I know this is not directly owned by ESPN, but I think it is a signal. Once people realize they don't need to follow every game in March Madness then what is next? They are now realizing they can live without football for months, and their lives are fine. There's tons of other entertainment options. This is an on demand society.
Their Marvel/Star Wars segment: Don't assume you can pencil in $2B movies every summer for the next 10 years. Remember how pervasive Tower Records used to be? People learned they don't need to spend $20 on entertainment, once they found downloading in the late 90's, and streaming nowadays. Various parts of movie entertainment have disappeared as well already. Drive in movie theaters, Blockbuster Video...All that's left is the movie theater, and once that falls to Netflix's alternative (jeez, I don't need to waste time on parking and overspend on stale popcorn?) then where will movies play?