Disney’s attempts to launch its own streaming service may be “doomed to failure.”
That’s according to BTIG analyst Rich Greenfield, who says the media giant can’t compete with the likes of Netflix, because it refuses to go “all-in” on streaming.
“They’re trying to do this balancing act where they continue to profit from the legacy business model with ESPN and then try to create a streaming service as an incremental add-on,” he told Cheddar in an interview Wednesday after the company reported earnings. “They’re not putting the entire company into one full effort to make streaming successful. They’re trying to balance multiple profit centers as well as trying to start a new business.”
Disney reported earnings after the bell Tuesday, revealing some details about the streaming services it announced last year. A new series of “Star Wars” films will be released exclusively on its entertainment-focused product, which will launch next year. And ESPN Plus will debut this spring at a cost of $4.99 a month.
And while the company hopes this service will help revive its struggling sports business, Greenfield says ESPN Plus only serves a niche market.
“This is going to be for a superfan who wants an extra college football game or some extra NHL games...extra tertiary content that wasn’t good enough to air on TV,” he said. “This is not taking ESPN and putting it over the top, which is obviously what sports fans want. What consumers are begging for is to not take the big bundle.”
For full interview, [click here](https://cheddar.com/videos/disney-spreads-streaming-magic).
William Falcon, CEO and Founder of Lightning AI, discusses the ongoing feud between Elon Musk and Sam Altman, and how everyday people can use AI in their lives.
U.S. tariffs on steel and aluminum “will not go unanswered,” European Union chief Ursula von der Leyen vowed on Tuesday, adding that they will trigger toug
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. Russell Vought is the newly installed director of the Office of Management and Budget. Vought directed the CFPB in a Saturday night email to stop work on proposed rules, to suspend the effective dates on any rules that were finalized but not yet effective, and to stop investigative work and not begin any new investigations. The agency has been a target of conservatives since President Barack Obama created it following the 2007-2008 financial crisis.
Jeff Benedict, author of 'The Dynasty,' weighs in on the Kansas City Chiefs being the next big dynasty, who he thinks will win Super Bowl LIX and more. Watch!
