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Netflix Is Worth More Than Disney, Thanks To Coronavirus



Investors have sent Netflix’s (NASDAQ:NFLX) share price soaring as demand for home entertainment has boomed amid social distancing efforts to curb the spread of the novel coronavirus. At the same time, shares of Disney (NYSE:DIS) have been pummeled by the market — so much so that Netflix’s market cap is now greater than the media giant’s.

The two companies go head to head in film and television production as well as streaming, but Disney’s exposure to theatrical distribution, the television advertising market, retail sales, and its massive theme parks business have investors worried.

Here’s what Netflix’s market cap surpassing Disney’s suggests about both companies.

The business of streaming is huge
Netflix ended 2019 with over 167 million global subscribers. It originally expected to add 7 million more in the first quarter, but after the impact of coronavirus, it’ll be a disappointment if it only adds that many.

Meanwhile, Disney recently announced 50 million Disney+ subscribers, about 42 million of which are outside of India (where the incremental revenue per Disney+ subscriber is minimal). It also has over 30 million Hulu subscribers and another 6.6 million ESPN+ subscribers. Disney is still rolling out Disney+ internationally, and it hasn’t even begun the international expansion for Hulu, so there’s a lot of growth left.

Analysts at Wells Fargo recently gave Disney’s streaming businesses a combined target enterprise value of $91.2 billion after accounting for the impact of the coronavirus pandemic. That’s less than half of Netflix’s current enterprise value.

There’s no doubt Netflix should be valued greater than Disney’s streaming business. Disney’s subscriber base is smaller, and its monthly average revenue per user for Disney+ ($5.56) is significantly less than Netflix’s, which varies between $8.18 and $13.22, depending on the region. Additionally, part of Disney’s streaming business is dependent on advertising, which makes its revenue less predictable and more susceptible to outside forces.

Still, Disney has shown an ability to scale quickly. It’ll only be a matter of months before it reaches the lower end of what was initially its five-year outlook of 60 million subscribers. As it expands its reach, Disney should see total subscribers quickly catch up to Netflix levels, and then it can focus on increasing ARPU. The business’s growth could play out just like Netflix stuck on fast-forward.

It seems like either Netflix shares have gotten ahead of themselves, Disney’s streaming business is undervalued, or Disney’s other businesses are undervalued.

Are Disney’s other businesses in that much trouble?
There’s no doubt coronavirus has caused some serious damage to Disney’s business.

Theaters are closed, preventing the debut of Disney’s blockbusters. The theme parks are closed, and nobody knows when those operations might return to normal. Television and film productions are halted, and the fall television season debut is getting called into question. And sports leagues have suspended play, putting a big dent in Disney’s media networks crown jewel, ESPN.

Not to mention, marketers have pulled back on ad spend across the board, which will hurt its media networks and the ad-supported side of its streaming business. Consumers aren’t spending money on discretionary purchases right now, and they might not have money to spend in the future if booming job losses become permanent.

Indeed, the near future is bleak for Disney. But its strong brands, portfolio of popular intellectual property, and broad presence in the cable bundle will support it in the long term.

It may be a long road back to normal, but long-term investors should see value in Disney stock compared to Netflix shares right now.


“If Men Could Do ‘Ashawo’ Work And Get Paid, We Will Gladly Do It” : Man Claims



A Nigerian man known as Kusi Ugo has asserted that men will gladly accept the job of an ashawo and do it if they will get paid.

Kusi Ugo boldly claimed in a post on Facebook that if married women could offer men money in exchange for their ‘joystick’, they will gladly do it.

According him, men are jealous of women because they do not get the opportunities women get to make money.

He wrote;

“Umu nwanyi ibe m.
Forgive my main gender.
I think we’re just jealous that many of us do not get the opportunities that many of you use of to get money.
Trust me, if men could do ashawo work and get paid for it, we’ll gladly do it.
If married women could offer us money in exchange for nragbu, we’ll gladly do it.
I mean, we nragbu for less, not to talk more of when money is involved.
The reason why my main gender are quick to scream ashawo when a woman buys a Range Rover is because they’re angry that their golden ivedi can’t even get them a Golf 2, but yours can get you a house in Banana island.
It’s not about the morals. My main gender doesn’t give a shii about morals.
We also want the easy way out.
We also want to make our first million at 21.
We want to go to Dubai, Seychelles and Maldives on vacations.
We want to be pampered, relax and be taken care of.
We are only angry that we have to work extra hard to get the things we want, unlike my borrowed gender who only have to flash onu ala and she would have rich men coming her way.
We are angry that our penises are useless and have no reuse value.
When next a man calls you an ashawo for living an expensive life, dash him 2k for his afternoon meal and he’ll appreciate; na hunger and frustration dey cause am.
©Kosi Ugo.”

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Slay Queen Threatens To Release Bedroom Video Of Counselor Lutterodt Chopping Her



A young Ghanaian slay queen has threatened to expose popular marriage counselor, George Lutterodt by releasing his $ex tape into the public domain.

According to the lady, counselor Lutterodt had a good time with her without giving her a dime. The slay queen who is yet to be identified shared her story with a popular blogger Those called Celebs who also shared the allegations on her page.

According to the message the slay queen sent to the blogger, Counselor Lutterodt only takes advantage of women whenever they visit his place for counseling sessions. She added that he sleeps with married women who come to him for counseling on their marital issues.

Furthermore, the lady also disclosed that Counselor Lutterodt normally refuses to help them after their escapades and also blocks them in order not to have any contact with them again.

“If you take your marital problem to him, he will use it to take advantage of you. He sleeps with you and gives you not a pin. He will give you stories saaa and then he will stop messaging you. Let me know when you need the video’ part of the message read.

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Lady Who Won N59 Million Lotto Broke After Just Three Months



A lottery winner has shocked many after it was revealed that she is now broke and back to square one just after three(3) months of winning the huge cash.

According to a netizen who shared the story on micro-blogging site Twitter, this lady won a lottery of N59 million equivalent to 852,300 GHC some three months ago.

The tweep revealed that after winning the said amount, her lifestyle changed as she started living an extravagant lifestyle and not spending less than N1 million whenever she goes to the nightclub.

It continued that as of now the lottery winner is broke and can’t even boast of any money in her account just after 3 months of taking that huge money.

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