Much has been written about Quibi — the streaming video service launched a few weeks ago by Jeffrey Katzenberg and Meg Whitman. The central conceit of the platform was that it was premised upon shortform, mobile-first videos – “quick bites,” thus the name Quibi. Unfortunately for its creators, Quibi has largely been a flop. Which … Continue reading Disney+ and Quibi. It’s a Small Screen World, After All.
Yesterday, Disney announced that its profit dropped to $1.36 billion on $11.34 billion in revenue, reflecting a dip in the company’s margins, despite growing revenue. I found the earnings report fascinating in that it reflects the company’s profound diversification into non-film endeavors: the movie division booked only $234 million in profit, representing only about one-fifth … Continue reading Disney and Diversification