Great essay. This is comedy because it rings so true. I became so frustrated and confused that I replaced two key credit cards with new account numbers simply to force all of these companies to send me emails telling me that my subscription was going to be cancelled. --- Disney's stock is not doing well. In my opinion, the bullshit Verizon promotion and the bizarre linking to old ESPN fantasy log-ins created a completely bogus story about the adoption of Disney+. The calendar caught up to Disney+ and their subscriptions seem to be in free fall. IMO - the are the poster child for abusing the consumer with streaming services.
Thanks for sharing. This is the best overview of the shit show I have read. There was a window for monetizing video content and video libraries that was very easy for any executive to exploit - Iger did that. At the same time, any young adult with an MBA could have looked great overseeing the growth of ESPN which was 100% based on cable TV subscriber fees. Iger inherited that but took credit for it. Now that the business of distributing video content profitably is a business for extraordinarily talented business executives, Iger is focused on theme parks. Why Jim Cramer has such a man crush on Bob Iger is really hard to explain!
Love the spreadsheet Paul! 😀
Thank you, Claire!
Great essay. This is comedy because it rings so true. I became so frustrated and confused that I replaced two key credit cards with new account numbers simply to force all of these companies to send me emails telling me that my subscription was going to be cancelled. --- Disney's stock is not doing well. In my opinion, the bullshit Verizon promotion and the bizarre linking to old ESPN fantasy log-ins created a completely bogus story about the adoption of Disney+. The calendar caught up to Disney+ and their subscriptions seem to be in free fall. IMO - the are the poster child for abusing the consumer with streaming services.
Did you read the mega-CNBC article about the Disney CEO debacle? It's very interesting.
https://www.cnbc.com/2023/09/06/disney-succession-mess-iger-chapek.html
Thanks for sharing. This is the best overview of the shit show I have read. There was a window for monetizing video content and video libraries that was very easy for any executive to exploit - Iger did that. At the same time, any young adult with an MBA could have looked great overseeing the growth of ESPN which was 100% based on cable TV subscriber fees. Iger inherited that but took credit for it. Now that the business of distributing video content profitably is a business for extraordinarily talented business executives, Iger is focused on theme parks. Why Jim Cramer has such a man crush on Bob Iger is really hard to explain!