MARIA: DISNEY DISAPPOINTS.
THE MEDIA GIANT REPORTING WEAKER
THAN EXPECTED RESULTS LAST NIGHT
AFTER THE CLOSE.
THE COMPANY SPENT MORE MONEY ON
TECHNOLOGY AS IT PLANS TO ROLL
MORE ABOUT THAT, PORTER BIBB.
THANKS FOR JOINING US.
DISAPPOINTED.
BUT BASICALLY DISNEY IS NOT A
DAY TRADER STOCK.
IT'S AN INVESTOR STOCK.
IT'S THE LONG HAUL YOU HAVE TO
FOCUS ON WITH DISNEY.
BOB IGER WAS A LITTLE LAGGARD
INTO MOVING DIRECT TO THE
CONSUMER MANY HE'S GOT THE
MATERIALS, THE CONTENT AND
TECHNOLOGY.
IS GOING TO GET SKY BY THE WAY
WHICH WILL GIVE ESPN A MAJOR
INTERNATIONAL FOOTPRINT.
MARIA: YOU DON'T THINK COMCAST
GETS SKY?
>> I DON'T THINK SO.
MARIA: WHY?
>> FOX JUST FILED WITH THE U.K.
REGULATORS TODAY AND GOT A NEW
RULING THAT SAYS THEY ONLY HAVE
TO BUY 51% FROM THE 39% THAT FOX
OWNS.
THAT GIVES DISNEY A CHANCE TO
CONTROL SKY FOR A LOT LESS MONEY
THAN THE $35 BILLION THAT IT'S
GOING TO COST TO BUY THE WHOLE
THING.
>> I'M GLAD YOU BROUGHT THAT UP.
BEFORE THE THRESHOLD WAS 75%.
ONE OF THE INTERESTING THINGS
THAT CAME OUT OF IDAHO WAS
ANALYSTS THOUGHT THAT THE BABY
WAS GOING TO BE SPLIT.
PARADIGM FOR THAT.
WHERE'S COMCAST GOING TO STAND?
>> COMCAST IS BETWEEN A ROCK AND
A HARD PLACE.
THEY ALSO HAVE 30% OF HULU NOW
WHICH DISNEY OWNS 60% OF.
MARIA:
WRIA:
WILA:
WILL:
MARIA: THEY WANT TO KEEP THAT?
DISNEY CAN MAKE SURE THEY DON'T
THING, DISNEY
THING, DISHAY
THING, DISHAS THEIR OWN --
WARS FROM NETFLIX.
>> IF YOU'RE A LONG HAUL
INVESTOR, DISNEY IS THE PLACE TO
BE.
WHICH IS LOSING REVENUE.
IN THE CABLE INDUSTRY, BUT WHERE
ESPN IS GOING TO EXPLODE, NOT
ONLY WITH THE INTERNATIONAL
FOOTPRINT IT GETS FROM SKY, WITH
PREMIER LEAGUE, FORMULA ONE
RACING AND OTHER SPORTS RIGHTS,
BUT ONLINE BETTING IN THE UNITED
STATES.
IT'S GOING TO BE A MULTIBILLION
DOLLAR BUSINESS AND ESPN WILL
DOMINATE IT.
DAGEN: WHAT ABOUT THE STREAMING
SERVICE FOR THE PRODUCED
CONTENT?
DO WE HAVE ANY -- DID WE GET ANY
WINDOW?
DO YOU HAVE A WINDOW INTO WHAT
THAT'S GOING TO LOOK LIKE.
>> IT'S A LITTLE UNCLEAR.
IGER TALKED ABOUT COMBINING HULU
AND DISNEY FLICKS IN A SINGLE
SUBSCRIPTION PACKAGE.
WE DON'T KNOW HOW IT'S GOING TO
WORK OUT.
THE ONE THING TO BE AWARE OF,
THOUGH, IS THAT STREAMING
CONTENT MARKET IS REALLY
CROWDED.
YOU'VE GOT AMAZON.
YOU'VE GOT APPLE.
YOU'VE GOT NETFLIX.
YOU'VE GOT MICROSOFT COMING IN
THERE.
GOOGLE.
IT'S NOT GOING TO BE AN EASY
GAME AND IT'S ACTUALLY GOING TO
COST THE CONSUMER A LOT MORE
THAN CABLE WHICH WAS A SIMPLE
MONOPOLY, TERRITORIAL MONOPOLY
BUSINESS.
STREAMING IS UNIVERSAL,
MARIA: THAT HAPPENED QUICKLY.
DAGEN: A LOT OF THE INTERFACES
TO DISNEY'S BENEFIT IF THEY CAN
GET IT RIGHT, A LOT OF THE
INTERFACES REALLY STING TO HIGH
HEAVEN.
>> WITH THE FOX ENTERTAINMENT
ASSETS, THEY HAVE THE GREATEST
GOT A HOME RUN.
DAGEN:
.AGEN:
.MAEN:
.MARI:
.MARIA: WHICH IS WHY COMCAST
TRIED TO BUST IT UP.
MUSK DID YESTERDAY, IN TERMS OF
THE TWEET SAYING HE'S
CONSIDERING TAKING THE COMPANY
PRIVATE.
>> IF YOU CAN TELL ME WHERE THE
FUNDING IS COMING FROM, WE'LL BE
HAPPY TO BE INVESTING IN TESLA.
WITHOUT ANY WORD ON THAT, I
THINK HE'S IN JEOPARDY.
I THINK THE SEC WILL CLOSE IN
VERY QUICKLY ON HIM.
MARIA: BECAUSE OF THE FAIR
YOU CAN'T DRIBBLE STOCK
THE TWEET.
MARIA: YET THE STOCK WAS UP
11%.
>> WAIT UNTIL THE MARKET OPENS
TODAY.
MARIA: YOU THINK IT GOES DOWN?