Good content isn't enough to monetize content at high rates of return anymore.
Streaming distribution lacks the structure to raise prices and retain subscribers like the cable model.
Even if Disney were successful in creating a streaming business, the market is not pricing in the effects of cannibalization and increasing competition on their overall profitability.
I recommend shorting Disney stock with a price target of $76, 49% below the current stock price of $148. Since announcing details about Disney+, the stock has run up 28%, adding $58 billions