Disney: A Field Of Streams?
About: The Walt Disney Company (DIS), Includes: NFLX
by: Akram's Razor
Summary
Thirds Point's letter pushing Disney to get more aggressive on streaming raises some interesting points worth further examination.
Disney's content is also an EVENTS business which monetizes well beyond the box office. This should be factored into DTC arguments especially considering the p/l analogies.
Running Disney as if amazing storytelling can be scaled infinitely, at no cost, to chase a NFLX multiple might prove long-term value destructive.
"If you accelerate it, Netflix's multiple will come."
Disney’s been in the press lately thanks to Third Point’s letter and their subsequent announced restructuring. A lot of people have weighed in on the topic, and
