Why Did Disney Miss Estimates in the Second Quarter?

The transcript discusses Disney's challenges with its cable network business, particularly ESPN, amid concerns about cord cutting and market risks. It highlights ESPN's financial performance, including profit growth and cost management, and explores Disney's strategies for reviving ESPN's growth, such as investing in programming and considering direct-to-consumer models. The discussion also touches on Disney's exposure to affiliate fee revenue and the potential impact of changing consumer preferences on its business model.

What concerns do investors have regarding Disney's cable network business?

In what ways is Disney's advertising performance compared to its peers?

How has ESPN's performance impacted Disney's overall financial outlook?

What are the implications of cord cutting for Disney's cable network business?

What strategies is Disney considering to revive growth in ESPN?