One Line
Disney is facing challenges in the streaming industry, prompting investments from David Nevins and Peter Chernin to address the content gap caused by Netflix's decline.
Slides
Slide Presentation (7 slides)
Key Points
- Legacy media companies struggled to adapt to the rise of streaming, resulting in significant losses.
- Disney lost $659 million in its most recent quarter on its direct-to-consumer business.
- Companies tied to linear and satellite businesses are facing trouble, while those pivoting to streaming are also facing challenges.
- Disney+ initially had high expectations but is now at the center of debates about strategic decisions.
- The media business is experiencing a shift away from Pay TV profits, leading to declining revenues.
Summaries
26 word summary
Disney is struggling in the streaming industry and losing money. David Nevins and Peter Chernin are investing in filling the content gap left by Netflix's decline.
80 word summary
Disney is facing challenges in the streaming industry and needs to adapt outside of its core franchises. Legacy media companies initially franchised their content to rival streamers but eventually reversed course. However, the streaming journey has been costly, with Disney losing $659 million
David Nevins, former Showtime chief, is teaming up with Peter Chernin in a private equity-backed effort to fill the content void left by the decline of Netflix. They are making a billion-dollar post-peak TV gamble. Meanwhile, Netflix