Post by jdv on Sept 1, 2023 14:14:29 GMT -5
Yet another disaster looms for Disney as Charter cable (one of the biggest US cable companies) has called Disney's bluff:
"One of the Biggest Cable Companies Says Cable TV Isn’t Working
Cable TV is too expensive for consumers and providers, Charter Communications, which has nearly 15 million pay-TV subscribers, said in a 11-page presentation to investors on Friday. It added that cord-cutters and rising fees are contributing to a “vicious video cycle.”
In a statement earlier this week, Disney said that it had been in negotiations with Charter Communications and many of its channels had gone dark for Charter subscribers as a result of the impasse.
This is a fight Disney can not win - Charter simply can not keep paying huge fees for networks people no longer watch.
So short term, there's 13 million fewer households (so maybe 50 million people), which is bad enough. Long term, Disney will either be cut from Charter (and likely more) services or will be paid significantly less.
Remember that it isn't just Disney+ which has seen plummeting ratings - ESPN (owned by Disney) has taken a beating in the ratings since deciding it's all in on woke, and that network alone accounts for a big chunk of people's cable bills.
So as park attendance drops like a stone, franchise after franchise is killed by awful scripts and bloated budgets, a century's worth of good will and trust irrevocably destroyed, now Disney is losing their huge cable fees.
"One of the Biggest Cable Companies Says Cable TV Isn’t Working
Cable TV is too expensive for consumers and providers, Charter Communications, which has nearly 15 million pay-TV subscribers, said in a 11-page presentation to investors on Friday. It added that cord-cutters and rising fees are contributing to a “vicious video cycle.”
In a statement earlier this week, Disney said that it had been in negotiations with Charter Communications and many of its channels had gone dark for Charter subscribers as a result of the impasse.
“We’re committed to reaching a mutually agreed upon resolution with Charter, and we urge them to work with us to minimize the disruption to their customers,” Disney’s statement said.
Christopher Winfrey, the chief executive of Charter, said on an investor call Friday that he was “disappointed” with the stalemate with Disney. He said the company proposed an alternative model that Disney would not accept.
“We’re either moving forward with a new collaborative video model, or we’re moving on,” Mr. Winfrey said."
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This is a fight Disney can not win - Charter simply can not keep paying huge fees for networks people no longer watch.
So short term, there's 13 million fewer households (so maybe 50 million people), which is bad enough. Long term, Disney will either be cut from Charter (and likely more) services or will be paid significantly less.
Remember that it isn't just Disney+ which has seen plummeting ratings - ESPN (owned by Disney) has taken a beating in the ratings since deciding it's all in on woke, and that network alone accounts for a big chunk of people's cable bills.
So as park attendance drops like a stone, franchise after franchise is killed by awful scripts and bloated budgets, a century's worth of good will and trust irrevocably destroyed, now Disney is losing their huge cable fees.
But don't worry scro, no one's been fired so the hits will keep on coming. If you have Disney stock, sell it right fucking now.
dnyuz.com/2023/09/01/one-of-the-biggest-cable-companies-says-cable-tv-isnt-working/
dnyuz.com/2023/09/01/one-of-the-biggest-cable-companies-says-cable-tv-isnt-working/
