First Reactions From Disney's 3rd-Qtr Earnings Report

The transcript discusses Disney's earnings, focusing on the media networks, particularly ESPN, and the impact of cord cutting. It highlights Disney's digital investments, such as the acquisition of a stake in Bam Tech, and the stabilization of media stocks. The transcript also covers Disney's strategy in the movie business, emphasizing its investment in franchises like Pixar, Marvel, and Lucasfilm to mitigate volatility.

What impact has the decline in ESPN subscribers had on the media industry as a whole?

In what ways has Disney's investment in digital platforms been characterized in the text?