Oh Disney…I remember when I bought at $150 thinking it was a steal.
I wonder what this means for the future of streaming. Can’t help but think a lot of these media companies are disappointed with the performance after dumping SO many resources into these products. Meanwhile, I just switched back to cable (and I would think I’m not alone among people my age).
Yes. Streaming has been over rated for a long time. It took almost a decade longer to take hold than the industry expected, and now there's too many competitors chasing customers. Disney and Netflix are still
in the strongest positions, but to maintain their market status, they're bleeding cash. And many of their new customers are those outside the US that pay way less for subscriptions. It's far from the days when ESPN was
a cable cash cow for them. The old, be careful what you want. Cable was a better profit base. Investors patience with the climbing costs of new product and maintaining streaming market share, will ultimately meet resistance.
And then the decisions will be interesting to watch.....An interesting Sunday 'Pearls Before Swine' comic the other day summed up the streaming industry's future issues. Rat says to Pig, "Heh, I closed the cable and we're
saving $100 a month"..."But the bad news is all of our streaming services are costing us $200 a month ".
.....Cable really gives you more bang for your buck, and some that opted out are now coming back. But still slowly.