Michael Nathanson, senior analyst at MoffettNathanson (MN), is on record as welcoming the return to Disney of Bob Iger. MN promptly upgraded its advice to clients on Disney last November (to ‘Outperform’) following Iger’s re-appointment. But MN’s latest study lists in some detail the tasks ahead for Iger. “Iger’s return will force Disney to have […]
Analysts at MoffettNathanson (MN) welcomed the return of Bob Iger as CEO. They were not alone. The market responded well to his rehire, but now MN rightly asks ‘What’s next?’ and recognises the tough tasks ahead for Iger and his team. “Cord-cutting is now running over -6 per cent, the Parks [division] cash engine can […]
Analysts at MoffettNathanson (MN) are – perhaps justifiably – impressed by Disney’s rehiring of its former boss Bob Iger. His new contract might just be for two years, but the appointment significantly improves Disney’s prospects, according to the firm. MN’s report upgrades the Walt Disney Co to ‘Outperform’, and while congratulating the Disney Board of […]
Fox Corp and News Corp have confirmed they are considering putting the two businesses back together. Both Murdoch companies have created special committees to evaluate the idea. But analysts at MoffettNathanson (MN) suggest the move might be premature. MN say this current proposal was not exactly how they envisioned the Fox endgame playing out. They […]
A report from analysts at MoffettNathanson (MN), quoting Jeremi Gorman, Netflix’s new president of worldwide advertising, says that Netflix has almost sold out its available inventory for the launch of its ad-supported tier. A Netflix Q3 earnings call scheduled for October 18th should reveal more details, however, MN agrees with Netflix’s own expectations that the […]
A report from analysts at MoffettNathanson (MN) cautions that while cord-cutting in the US reached new heights during Q2 2022 trading announcements, the market may be “underestimating the structural declines in linear cable and broadcast network viewership which will pressure near-term advertising revenues”. MN describes the 39 per cent year-on-year declines in total day broadcasting […]
Analysts from MoffettNathanson (MN), having examined in some detail the pro-forma numbers from Warner Bros Discovery (WBD) are concerned. WBD says its EBITDA guidance for 2023 will be about $12 billion (€11.7bn), and thus two billion less than previously expected. MN says even these reduced numbers are dependent on profits from linear cable networks which […]
A report from analysts at MoffettNathanson (MN) examines the recent decision by Netflix and Disney to re-examine their streaming strategies and in particular to launch ad-supported options. The Disney decision, for example, had been 3 years in the making. MN says that Netflix has the potential for much larger global ad growth, yet the domestic […]
Charlie Ergen’s Dish Network pay-TV platform suffered a major stock-market hit on May 6th and damaged by news of a thumping 462,000 net subscriber loss during its Q1 trading. Dish’s share price fell 19.4 per cent by the close of trading, and a 52-week ‘low’ and with shares actually trading at $19.57 (compared with $47.05 […]
A report from analysts at MoffettNathanson (MN) asks what’s left in terms of growth for Netflix in its key markets? It cites the US and Canada as an example, and says that with, Netflix being present in 64 per cent of North American broadband homes and 82 per cent of all pay-TV homes, “it is […]