>>13767309On second thought, I believe I was able to discern what you're angling towards
Comcast has several moneymaking units like Cable TV, Internet service, etc, while WBD relies much more heavily on entertainment-based properties (TV/Movies) and was more deeply affected by the writers/actors strikes; the success of NBA on TNT, Reality shows, etc, wasn't able to offset a large amount of their losses. Disney of course owns ESPN which wasn't affected at all by Hollywood strikes. Fox/Paramount own a good amount of media but run more sports than WBD, CBS (Viacom) has NFL, etc
That's a decent argument, but I shouldn't have to make it for you. My counterargument remains the same: regardless of circumstances, 1) investors are not retards, they weighed all of these realities and still concluded WBD is declining as a company and 2) WBD cannot continue to lose this much money and pay a premium to a company like AEW, which isn't exactly setting the world on fire right now
>>13767452https://arstechnica.com/culture/2024/02/new-streaming-app-from-fox-disney-wbd-is-about-more-than-sports/>The companies' announcement promised access to "thousands of events" through the app, including from the NFL, NBA, WNBA, MLB, and NHL, as well as PGA, Wimbledon, UFC, and Formula 1 events, the UCI Mountain Bike World Cup, FIFA World Cup and college sports.The deal centers around amateur + professional live sports - not PG14 simulated fighting program with cursing, violence, and performers cutting each other open with forks, razor blades and pizza cutters.
Networks make revenue in a number of ways, one of the most important is carriage fees. AXS is in barely any homes because subscribers don't demand it; if TBS/TNT weren't included, Cable/Satellite providers would lose millions of subscribers to competitors. This is especially true for Foreign Language stations in Latino/Asian/Arab markets but aren't available in flyover states.
Any other copes you have lined up? I have to go soon
