13 Aug Why Disney’s $13 Streaming Bundle May Be a Double-Edged Sword [THR]
By Paul Bond
August 13, 2019 | Media Networks is Disney’s largest business, but it is forecast to grow just 14 percent over the next five years as cord-cutting takes its toll, courtesy of streamers like the one Disney will launch, says Michael Morris of Guggenheim Securities. In the same five years, Disney’s smallest segment, Direct-to-Consumer and International, is expected to surge 140 percent to $29.3 billion in 2024, nearly matching the $32.7 billion expected from Media Networks.
“The perverse outcome is that these competing services and bundles will encourage more cord-cutting,” says Michael Pachter of Wedbush. “Fewer cable subscribers means lower retransmission rates.”
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