ESPNWell, I got stopped out of my 100 Disney shares this afternoon.
No worries, as I've had a nice gain.
Disney reported that ESPN lost 3 million subscribers in the past year, and has lost close to 7 million subscribers since 2013
Disney shares down afer ESPN losses revealed.
Why I'm posting here is to ask a basic question.
What do you think happened to those 3 million subscribers?
Do people think they've actually stopped watching sports?
I suspect not, but curious about other people's thoughts.
Disney is taking a hit, but analyst's don't seem to be connecting the dots.
Or perhaps, are people just not watching sports as much? ¯\(°_°)/¯