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re: WTF has happened to sportscenter?
Posted on 2/16/16 at 10:44 pm to LeonPhelps
Posted on 2/16/16 at 10:44 pm to LeonPhelps
quote:
Since "Star Wars: The Force Awakens" first blasted into international theaters Dec. 15, Disney's blockbuster has broken virtually every box-office record in history, becoming on Sunday the fastest film in history to make $1 billion worldwide.
But investors haven't exactly rewarded the media titan: Disney's stock has tumbled more than 6 percent since that premiere, and even analysts impressed with perhaps the biggest film franchise on earth say it's not enough to shield the Big Mouse from its greatest challenge.
Disney's real threat, analysts say, is in cable TV: particularly, in the heavy long-term costs it pays to air sports on its struggling juggernaut ESPN. As more viewers opt to pay less for cable — or cut the cord altogether — Disney's heaping of stunningly pricey sports-TV contracts looks riskier every year.
This post was edited on 2/16/16 at 10:45 pm
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