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Michael Breit Talks Disney/Fox Deal on CNBC’s Closing Bell

On CNBC’s Closing Bell, EisnerAmper’s Michael Breit discusses the Disney-Fox deal, which widens Disney's streaming services and may worry Netflix. Whether or not the pie for streaming services is big enough to accommodate both Netflix and Disney will soon be determined. 

 


Transcript

Bill Griffeth: Should Reed Hastings be worried about this deal over at Netflix? What do you think?

Michael Breit: I think he should because we’re not only talking about one streaming service, we could eventually be talking about three streaming services coming together and with Disney’s recent purchase of BAMTech, with that kind of distribution platform, and the scale of distribution services, I would say it will pose a threat to Netflix.


Michael Breit is the Managing Partner of Regions, concentrating on the growth and expansion of the firm’s offices. He is also Partner-in-Charge of the New York office and the firm's Sports and Entertainment Group.

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