Anybody see what happened to Disney stock today? The power player may not have as much power in the future.
The conventional wisdom, which seems right to me, is that all of this stems from Disney’s earnings call yesterday, when Bob Iger and co. admitted that yes, Disney had indeed seen subscriber losses at ESPN —just as the Wall Street Journal had written a month ago, in a piece that shook up the industry.
http://recode.net/2015/08/05/cord-cutting-contagion-wall-street-bails-on-big-media-stocks/
The conventional wisdom, which seems right to me, is that all of this stems from Disney’s earnings call yesterday, when Bob Iger and co. admitted that yes, Disney had indeed seen subscriber losses at ESPN —just as the Wall Street Journal had written a month ago, in a piece that shook up the industry.
http://recode.net/2015/08/05/cord-cutting-contagion-wall-street-bails-on-big-media-stocks/
