Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
The S&P 500 is closing in on its all-time high, and is likely to sail past it, as long as the Fed promises lower interest rates and the trade war calms down.Market Insiderread more
President Donald Trump on Tuesday announced that he will not nominate acting Defense Secretary Patrick Shanahan to hold the position in a permanent capacity. Army Secretary...Politicsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
A Bloomberg News report Tuesday morning said the White House had looked at such a move in February.Marketsread more
The order for 200 737 Max jets from British Airways parent IAG was a vote of confidence for Boeing's beleaguered aircraft following two fatal crashes.Airlinesread more
Adobe expects fiscal third-quarter earnings and revenue that are below what analysts were looking for.Technologyread more
Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Democratic frontrunner Joe Biden on Monday appealed to a billionaire Republican donor for fundraising help in his presidential campaign. But the financier, Trump-supporting...Politicsread more
Facebook and other groups are behind a new programming language for working with the Libra blockchain.Technologyread more
Cowen analyst Doug Creutz believes Disney's venture in over the top, or streaming, content is rife with uncertainty as the media giant tries to balance losses in ESPN with new distribution avenues.
The analyst offered his thoughts in an exclusive interview for CNBC Pro with Mike Santoli.
"ESPN is facing a pretty direct problem of being dropped out of a lot of bundles that consumers want to buy," Creutz explained. "They have to find a way to try to extract more value from the people who watch lots and lots and lots of sports because they know the value that they've been generating off people who don't watch a lot of sports is going to go away."
For Disney CEO Bob Iger, the answer appears to be over the top content (OTT), an option it announced as it pulled its movies and shows from Netflix last year. By offering content to subscribers directly over the internet, Disney may believe it can squeeze even more cash from diehard sports fans and isolate its renowned animated films.
"They're trying to build their own OTT Disney brand that could compete with Netflix and have a lot of content, have their super-high quality Disney content but then also when you add Fox's library and content production capabilities, it makes it a lot broader," added Creutz. But, he warned, the media giant may have to deal with problems that other rivals don't.
Companies like Amazon and Facebook may try to stake their claim over key sports rights over the next few years given their large audiences and cash hoards, a view supported by fellow tech analyst Daniel Ives, who also recently spoke to CNBC Pro.
Creutz said it would be surprising for Disney to try to develop a cheap, Netflix-like OTT offering, given the company's history of hefty profit margins.
"When you have a business that historically has made a lot of money and the company comes and says to you, 'well, we're going to start making a lot less money,' that's a lot harder for investors to swallow," warned the analyst. "They've [also] got really important relationships with traditional cable companies and satellite companies."
For his part, Creutz is a senior analyst at Cowen covering the media and entertainment sector. Prior to joining Cowen in 2003, he worked in finance in the managed care industry and received his MBA from the NYU Stern School of Business.
Shares of Disney were down more than 1 percent Tuesday, adding to a loss of more than 6 percent over the past 12 months.
"There's always this tension between the two in affiliate fee renegotiations and I think those have gradually gotten more contentious because people realize the pie's shrinking," he added. "If you move too aggressively and you do too much damage there, you can accelerate your problem."
See here for the full CNBC Pro report and the interview video.