(12-21-2022 01:15 PM)Vonz90 Wrote: (12-21-2022 12:39 PM)maybeimhere Wrote: I don't see why they would. They just spent so much money on buying MLB's streaming stuff the past decade, plus. Why would they give it all away?
They would not give it away, but if they can sell it and invest the money on other things that give a better rate of return (or more synergy with their core function, which is a different path to higher return) then why wouldn't they.
It would probably do well for their stock. The market and future for live sports is very different from the market and future for Disney's core. That muddles the value proposition and big investors don't like that.
...and just because they split does not necessarily mean it is bad for ESPN. If they are independent or combined with someone who values and knows how to grow their core business it could be very good for them. The company I work for was spun off of a larger one because we were the slow growth division the market did not like, but once we were independent and could reinvest instead of being a cash cow we actually ended up growing faster than company we were spun off from
that is exactly what this is about and one of their major investors has been after them for a while to do it, but he has sense backed off
I think he is about to start up the push for it again though
disney and espn are probably one of the worst streaming companies there is their product quality is just junk
they are going to soon be faced with having to over pay comcrap for the rest of hulu or hoping to possibly sell their share to comcrap for a low valuation to get out of the forced purchase and out from owning hulu fully (or at all)
their theme parks and resorts are doing better, but of course took a major hit for a while and they have finally admitted their overall theme park experience is pay a lot to wait in massive lines and garbage overall
cable subs will continue to decline, channel cramming is going to get pushed back against more and more, and with junk quality streaming and massive bloat espn/abc and their other networks have issues even if they do bring in revenues and free cash
they massively overpaid for the Fox assets and got a lot less then expected for the regional spin offs (Ballys now)
if they spin them off espn/abc they will probably load them down with a lot of debt too
if companies that can remotely run a streaming service and do it without massive bloat step in to sports and that can to target marketing well they are in bigger trouble and I don't think disney wants to see how all that plays out long term because I think they know they are not the ones to get it done
