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Disney Could Lose Big-Time In A La Carte Pay TV

Disney, whose "channels aren’t popular enough to continue to justify the nearly $8.4B a year they currently generate from program fees," has the most to lose if pay TV moves to an a la carte system, according to a study by Lazard Capital Markets analyst Barton Crockett, writes David Lieberman. Other big losers could be Time Warner (not including HBO) and News Corp. (not including its regional sports networks). But remember, this is "more... a statement of potential, than an illustration of anything happening now,” according to Crockett.

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