Disney, Warner Bros. Discovery, Fox New Sports-Streaming Service Unlikely To Move The Needle

Feb. 08, 2024 6:41 AM ETDIS, FOXA, WBD29 Comments
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Moe Value Picks
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Summary

  • Disney, Warner Bros. Discovery, and Fox are launching a joint sports streaming service.
  • The new service will help lower costs for the three companies and increase profitability.
  • However, the service is unlikely to succeed due to continued competition between the three companies and potential cannibalization of the cable business.

HBO Max, Disney+ and hulu streaming service app icon on screen

A new streaming service is coming

Robert Way

The Walt Disney Company (DIS), Warner Bros. Discovery Inc. (WBD), and Fox Corporation (FOXA) announced that they are taking their sports content and bundling it into a new sports-streaming service.

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I'm an individual investor who looks for opportunities primarily in unloved stocks. For the past 10 years, I've invested in stocks in the US as well as abroad in unloved markets like the Middle-East and Africa. Thomas Phelps' 100-1 and Philip Phisher are huge inspirations to my investing approach. I'll look to write about stocks that present Time Arbitrage opportunities or have some optionality embedded in them.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of WBD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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SymbolLast Price% Chg
DIS--
The Walt Disney Company
FOXA--
Fox Corporation
WBD--
Warner Bros. Discovery, Inc.

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