Same. I assume that many people feel like this meme (me 100%).
Suppose there is a bit of a risk of the quality being diluted but at least they own the content and have the capacity to churn stuff out.
There is an outrageous amount of BBC Iplayer content and the like on Netflix.
Might as well be called Simpsons+ for me tbfā¦ I unsubbed in May purely down to there not being more content. I would consider it again when the Marvel stuff comes out though
I have a few shares - but I donāt currently subscribe. Subscription fatigue. Iād rather buy Mandalorian out-right on Apple TV and be done with it.
I really dislike Disney as an organisation, even more so since theyāve become so unfathomly large after buying 20th Century Fox. I dislike them for their relentless assult on copyright expiration - theyāre only shooting themselves in the foot by using it as an excuse to milk existing characters/films instead of constantly innovating - eg the 47 new Star Wars films, the live action movie remakes of their old animations etc
I think Mickey Mouse is currently due to enter the public domain in 2023. I hope they donāt try and extend it again but Iām sure theyāll have some other legal trick up their sleeve to stop it being a free for all with any old company making Mickey Mouse merch.
Iād happily put Disney on my list of ācompanies so large that they strangle the market and should be broken upā, that said American greed appears to be totally limitless so maybe it is a good investment.
This is actually partly why I originally invested, as a hedge. If the abuse of copyright goes on I want to at least profit from it.
This is pretty shady
Disney seems to think having bought the rights to these books it doesnāt have to pay Royalties to the author.
Alan Dean Foster must have had a contract with Lucasfilm. surely Disney canāt just ignore it?
Ethics much?
Not really sure I get your point, this is just like when you bet on an event you donāt want to occur as a hedge. You donāt want it to happen, you just want to offset the loss if it does.
I guess quite a few people will be thinking about unsubscribing. They might be planning a Hulu type service add-on outside of America but will people pay? At the end of the day Disney+ will not be profitable for a long time as theyāll need to plough those subs right back into content. Thereās also that big copyright cloud hanging ahead and I see that as a liability regardless of what happens.
At the end of the day itās a money minting machine whether we like it or not so I would not be surprised to see it push $200 soon but I donāt think Iād bother staying on.
I found your phrasing amusing because it sounds like āI donāt want bad things to happen but I do want to profit from bad thingsā. I mean that in a good natured way, not as a criticism.
Copyright law is so complex that itās difficult to insert a moral standing either way. Content creators deserve to have their work protected and itās difficult to argue against increased protections, but at the same time there is a feeling that large corporations donāt deserve the same protections.
I donāt think the copyright expiration will have any effect on Disney financially. All it really means is that shows like Family Guy will be able to use the character without paying any money to Disney.
As it is right now any show wanting to use Mickey Mouse will create something which is obviously a copy but is legally distinct so Disney doesnāt get any money anyway.
Or they claim exemption to the copyright by using the character as a critisim like South Park did.
Ah ok I see, thatās a fair point. I guess owning shares of Disney is technically showing support for their practices.
In general though I think it makes sense to bet against outcomes you like so you get a more neutral result either way (as long as doing so doesnāt affect the outcome).
I donāt think thatās the take here. This is about things that should have fallen in to the public domain decades ago, regardless of big corporation vs individual. I really donāt get why you need 70 years of monopoly after the creatorās death. I donāt think anyone is writing books just because they know their family will hold the copyright for 70 years after they die and wouldnāt bother creating any new works if they knew there was only half a century in it for the kids.
Copyright just seems out of whack when compared to other areas of intellectual property and I donāt think itās entirely a coincidence that Disney is such a big beneficiary of this.
https://alj.artrepreneur.com/mickey-mouse-keeps-changing-copyright-law/
86.8m subscribers up from 73m announced in their q4 earningsā¦ up 5% after hours
glances at netflix p/e ah dont worry we still have another $300bn or so still to run.
Joking aside the announcements today kind of show how this is one of those must own stocks regardless of what you think. I mean look at this 7,462 projects in pipeline shits just ridiculous Marvel, Moana, and more: All the Disney Investor Day news in one place
Yeah the valuation isnāt crazy, if they recover to EPS of ~$8 where they were pre-rona then itās still only a forward P/E of ~20 - still high by Disney standards, but thatās the same story for everything else really.
I hovered over ābuyā last week when I realised we (and presumably millions of others) are never not going to have Disney+ going forward, just gutted I didnāt pull the trigger. I think Iāll still increase my position, Iāll just average it across a few buys to try and catch some dips.
They are also raising prices for the subscription
Yeah with the Disney+ Star expansion Iām really not surprised, this was the game all along and with Netflix at 9.99 thereās room for even more price hikes.
If we take Disneyās new lower estimate of 230m by 2024 at the new higher average subscription price of ~$8.50 we get about $23.5bn annually (more than the entire studio division) and Disney plans to invest $15bn in content by that year so with the other ~$5bn OpEx thats $3.5bn in profit, more than 75% greater than Netflixās expected FCF for 2020 with not that much more subscribers.
Hi guys, hope youāre all well?
Admin please remove if not ok.
Iām pretty new to investing, just set up my FreeTrade account and im actually really excited to get stuck in and learn!
Ive read all the above(lol) and Disney looks really promising. With the current price, would it be worth investing into or waiting for the dip?
Im only going to be starting with fractional shares for the time being
Hopefully can get some good feedback or advise etc!
Welcome Paul
If I were you I would use a dollar cost average method when starting to invest. This basically means you split your investment across multiple weeks or months, buying X amount every Monday for example.
After a while you will build a level of confidence as to what a good entry point into a stock may be.
I made some profit on Disney earlier in the year and cashed out, but Iāve decided to buy back in with a small position earlier today.
Hope that helps!
We can not give advise but if investing fractional shares, should you go Ā£5, Ā£5, Ā£5 and then if there is a dip, you can average down on the dip and go Ā£10, Ā£10ā¦ and then back to your Ā£5ā¦