Spectrum channel lineup changes1/24/2024 ![]() ![]() “We’re not breaking the bank (for them),” Wiedenfels insisted. Discovery CFO Gunnar Wiedenfels touted his company’s “very, very strong and amicable relationships” with MVPDs and vMVPDs. At Thursday’s Bank of America Securities 2023 Media, Communications & Entertainment Conference, Warner Bros. Paramount, which Cahall called “the worst positioned in a future skinny bundle era,” is staring down the barrel of a whopping 19 percent ($500 million) impact to annual operating income.ĭisney Junior series “Doc McStuffins” ©Disney Channel/courtesy Everett / Everett Collectionīoth WBD and Paramount say those fears are overblown. Discovery could be exposed to a 7 percent earnings hit, or about $840 million annually. Sixty percent (examples: BET Gospel, BET Jams, MTV Classic, MTV Live, Nick Jr., and Nicktoons, etc.) of Paramount’s are at risk, he wrote. Cahall believes about half of WBD’s cable channels (examples: Cooking Channel, Destination America, and Science) could soon be dropped. Discovery has the most linear networks with 27 Paramount Global (26) is a close second. Per research company SNL Kagan, Warner Bros. ![]() By “negotiating publicly” with Disney, Cahall wrote, Charter “has put other programmers on notice that it’s seeking to evolve the way linear distribution is done.” It could be even worse for other channel providers. He sees Disney’s overall operating income taking a 6 percent hit that’s more than $1 billion annually, which ain’t mouse crumbs. Steven Cahall, the lead equity analyst at bank Wells Fargo, believes that 75 percent of the Disney cable channels will “disappear” (with 25 percent remaining in big bundles), he wrote in a Wednesday note to clients (and obtained by IndieWire). ‘Succession’ Receives the Most TV Nominations from the Directors Guild of America Awards ![]()
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