Disney reported earnings Tuesday and the most notable part of the report was the announcement that its new streaming service will be $5 a month. Rich Greenfield, Media Analyst at BTIG, joins Your Cheddar to discuss his thoughts on the announcement.
Greenfield says this new streaming service is an additional add-on for ESPN. It's going to be for super fans who want an extra college football or NHL game, not their local market or high profile games. To Greenfield, this feels like a niche product that will not take ESPN over the top, which is what consumers are begging for. He says Disney refuses to go all-in on streaming and it's a big reason he's bearish on it.
Plus, Snap surprised the street and beat estimated earnings on Tuesday. Greenfield says the surprise is definitely an encouraging sign for investors. However, they still don't have guidance on where this young company will be in the future and that concerns some.
Pittsburgh International Airport CEO, Christina Cassotis talks the airport’s upcoming upgrades and why you can’t count out business travel, even in a post-pandemic world.
Fresh off of speaking at the UN, Amalya Yeghoyan, Executive Director of FAR’s Gyumri Information Technology Center, discusses her work to empower women through tech.
Veetahl Eilat-Raichel, Founder and CEO of Sorbet, shares how employees can harness the value of their time off – and how companies can use PTO to employees’ benefit.
Brooke May, Managing Partner at Evans May Wealth, weighs in on how the market is expected to perform through the rest of 2024, plus why she’s still bullish on tech but cautious when it comes to financials.
