Lutz Muller, Author at Seeking Alpha, discusses analysts' reason for Disney buying assets of 21st Century Fox versus what he believes to be the real reason behind the decision. Lutz discusses the structural problems in Disney's TV, cinema, and licensing income. He also says issues with theater attendance and cable subscriptions are the biggest reasons for Disney making the deal. We dig into Disney's control of Hulu with its purchase of Fox assets and what that means for streaming competitors like Netflix and Amazon.

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Tesla’s profit fell in third quarter even as sales rose
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
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