Friday, December 18, 2015

ESPN and Disney




http://nypost.com/2015/12/18/disney-stock-slumps-despite-record-box-office-for-star-wars/

"The outspoken Greenfield, who likes to offer a contrarian view on the TV business, cut his Disney price target to $90, saying ESPN is about to become a major problem for the Mouse House because of the huge commitment it has made to sports rights."

“ESPN now appears poised to become Disney’s most troubled business as consumer behavior shifts rapidly,” the analyst wrote, saying he believes subscription video and other direct-to-consumer methods of watching TV are set to have a huge impact on cable viewing."


Rich Greenfield @RichBTIG 2 hours ago
 
 
 
Shannan Siemens @ShannanSiemens 6 hours ago
BTIG: Even The Force Cannot Protect ESPN. Downgrading to SELL with $90 PT. coming up .
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