ESPN Layoffs

[Ralonzo]

 

Layoffs? You kidding me?

[chongli]

1 hour ago, Ralonzo said:

 

Layoffs? You kidding me?

 

Yep...good one! Every tam I see the thread title, I think it's a typo for "playoffs".

[thronethinker]

On 6/30/2023 at 1:59 PM, Einstein said:

 

Correct.

 

But the other side of the coin is networks can no longer demand the fees from cable/satellite providers that they need to float. Cable/satellite is hemorrhaging from people moving to internet based media.

I work for a major cable company and we are posting record profits. The thought about cable companies “Hemorraging”” customers is ridiculous. Cable companies money makers are data because it is nearly all profit after the cost of maintains the infrastructure. Cable companies are not losing data subscribers. The Other real money maker for some cable companies is now cellular, it is a cash cow. 

 

Cable companies are happy to see video go because the cost of equipment and video rebroadcast agreements are astronomical for the cable company too. 

[Einstein]

16 minutes ago, thronethinker said:

I work for a major cable company and we are posting record profits. The thought about cable companies “Hemorraging”” customers is ridiculous.

 

Cable as we know it now won’t even exist in 10 years.

 

https://www.yahoo.com/entertainment/cable-tv-dying-industry-only-211216126.html

 

https://www.hollywoodreporter.com/business/business-news/cord-cutting-2022-cable-pay-subscriber-losses-1235340253/amp/

 

https://www.mediaplaynews.com/charter-loses-241000-q1-spectrum-tv-subscribers-ends-quarter-with-less-than-15-million-subs/

 

Your profits are from Internet service. Which consumers need to stream the media they have replaced cable with.

 

Cable = / = Internet in my mind. But if it does in yours, that may be the disconnect. Since we are talking about ESPN - a television channel - I thought that was obvious. Cable TV will disappear but their internet service will remain.

 

.

Edited July 2, 2023 by Einstein

[thronethinker]

2 minutes ago, Einstein said:

 

Your company is lying to you. Cable as we know it now won’t even exist in 10 years.

 

https://www.yahoo.com/entertainment/cable-tv-dying-industry-only-211216126.html

 

https://www.hollywoodreporter.com/business/business-news/cord-cutting-2022-cable-pay-subscriber-losses-1235340253/amp/

 

https://www.mediaplaynews.com/charter-loses-241000-q1-spectrum-tv-subscribers-ends-quarter-with-less-than-15-million-subs/

Losing VIDEO subscribers, not data subscribers. They are still there as a subscriber, just on a service with much higher profit margins than video. 

[Einstein]

1 minute ago, thronethinker said:

Losing VIDEO subscribers, not data subscribers. They are still there as a subscriber, just on a service with much higher profit margins than video. 

No one ever mentioned data or internet. You made that up.

 

Since we are talking about ESPN - a television channel - I thought that was obvious. Cable TV will disappear but their internet service will remain. I think we all know the internet is not going anywhere 😂

 

Your profits are from Internet service. Which consumers need to stream the media they have replaced cable with.

 

[thronethinker]

2 minutes ago, Einstein said:

No one ever mentioned data or internet. You made that up.

 

Since we are talking about ESPN - a television channel - I thought that was obvious. Cable TV will disappear but their internet service will remain. I think we all know the internet is not going anywhere 😂

 

Your profits are from Internet service. Which consumers need to stream the media they have replaced cable with.

 

That was my point about cable companies. They are not losing sleep over video subscribers going away. At least not cable companies that offer DATA services.  A company like DIRECTV is going to be gone in 10 years.

[Einstein]

11 minutes ago, thronethinker said:

That was my point about cable companies. They are not losing sleep over video subscribers going away. At least not cable companies that offer DATA services.  A company like DIRECTV is going to be gone in 10 years.

 

So back to my original point.

Because cable companies are hemorrhaging video customers, it no longer makes sense to pay networks (like ESPN) increasing subscriber fees, when there are less and less people paying for the video in the first place.

 

Correct?

[maddenboy]

On 6/30/2023 at 11:28 AM, Mike in Horseheads said:

Kellerman used to be good on HBO boxing

yeah.   he was supposed to be the heir-apparent to Jim Lampley / larry merchant.  As the next big boxing commentator

 

https://bleacherreport.com/articles/2210468-ranking-the-best-commentators-in-boxing-today

 

That ranking is from 2014.

 

I'm guessing that with the decline in boxing and the surge in UFC type fighting, Kellerman struggled to find another niche.   And failed.

 

I did enjoy him on morning radio with Marcellus Wiley here in L.A. a few years ago.   He was smart and Marcellus was gregarious and smart and drunk (self-admittedly, on the air.  "I think when I drink" and "you know me.  I gotta stay hydrated")

 

Edited July 2, 2023 by maddenboy

[Augie]

PROGRAMING ALERT: ESPN2 is showing archived footage from Nathan’s Famous Hot Dog Eating Contest! Currently showing 2018. With that kind of programing gold, they will probably need to hire these people back pronto! 

[Mr. WEO]

18 hours ago, Einstein said:

 

No. Disney will likely purchase the remainder of Hulu. Not sell it. Unless they purchase Netflix, in which case they will likely be forced to sell Hulu to avoid a monopoly.

 

Disney is already the largest streaming entity in the world, and will only strengthen that hold over the next decade.

Netflix has a market cap that is 30 billion more than the entirety of Disney.  But they might “purchase Netflix”…

[The Wiz]

2 hours ago, Einstein said:

No one ever mentioned data or internet. You made that up.

 

Since we are talking about ESPN - a television channel - I thought that was obvious. Cable TV will disappear but their internet service will remain. I think we all know the internet is not going anywhere 😂

 

Your profits are from Internet service. Which consumers need to stream the media they have replaced cable with.

 

 

[Saxum]

I wonder how many of the people fired by ESPN will get jobs on NFL Network replacing "personalities"?

[Einstein]

51 minutes ago, Mr. WEO said:

Netflix has a market cap that is 30 billion more than the entirety of Disney.  But they might “purchase Netflix”…

 

Yes. And also yes.

 

- Disney's revenue was $83 Billion in 2022. Netflix revenue was $32 Billion. Disney's revenue is almost 3x Netflix.

- Disney's profit was $28 Billion in 2022. Netflix profit was $4.4 Billion. Disney's profit is more than 6x Netflix.

- Disney's balance sheet shows $202 Billion in assets in 2022. Netflix shows $48 Billion in assets in 2022. Disney has nearly 4x more assets than Netflix.

 

Disney is much larger than Netflix, and has billions more in cash-on-hand, and real estate, and assets than Netflix. Market cap is simply the sum of a companies value in it's shares of stock. It is driven by wall-street, not the actual size of the company. It's formed by speculative bubbles. For example, Tesla had a market cap over $1 TRILLION in 2020. And then the market cap dropped to $400B in 2021. Did the company split in half? No. Did their revenue drop to half of what it was? No. It's value on wall-street simply fell. But thank you for laugh (I literally chuckled). Another example: NVIDIA has a market cap of $1 Trillion, yet TSMC has a market cap of $480B. TSMC has 3x the number of employees and 3x the revenue. They are a much bigger company yet half of the market cap. 

 

Netflix pales in comparison to Disney's size. Just like your knowledge in this sector pales in comparison to mine. Your ignorance is showing.

 

.

 

Edited July 2, 2023 by Einstein

[RiotAct]

quick, everyone whip out their 2022 tax returns!

[Einstein]

26 minutes ago, RiotAct said:

quick, everyone whip out their 2022 tax returns!

 

If they've already filed theirs, I think we know what tax bracket they're probably in  

[WotAGuy]

47 minutes ago, Einstein said:

 

If they've already filed theirs, I think we know what tax bracket they're probably in  

If only @Einsteinwere this lucid during their football threads. 

[djp14150]

4 hours ago, Einstein said:

 

Cable as we know it now won’t even exist in 10 years.

 

https://www.yahoo.com/entertainment/cable-tv-dying-industry-only-211216126.html

 

https://www.hollywoodreporter.com/business/business-news/cord-cutting-2022-cable-pay-subscriber-losses-1235340253/amp/

 

https://www.mediaplaynews.com/charter-loses-241000-q1-spectrum-tv-subscribers-ends-quarter-with-less-than-15-million-subs/

 

Your profits are from Internet service. Which consumers need to stream the media they have replaced cable with.

 

Cable = / = Internet in my mind. But if it does in yours, that may be the disconnect. Since we are talking about ESPN - a television channel - I thought that was obvious. Cable TV will disappear but their internet service will remain.

 

.

 

rxcept cable isn’t going to die.

 

With streaming services raising fees it becomes a thing of what is the cheapest option.

 

you have the same issues with streaming as with cable where you have to pay for the full family of stations, not just the one or two you want.

 

 

[Augie]

35 minutes ago, WotAGuy said:

If only @Einsteinwere this lucid during their football threads. 

 

If I were to argue his point there, it could come off as sounding snooty or delusional. I’m not sure if he can sniff snooty, but it might sound almost like “I have $5.3 million in Disney stock alone”. 

 

 

….so there’s that.   🤷‍♂️

 

 

.

Edited July 2, 2023 by Augie

[Einstein]

52 minutes ago, WotAGuy said:

If only @Einsteinwere this lucid during their football threads. 

 

We all have our talents and downfalls