Disney has dominated the entertainment industry for decades but now struggles as the internet allows for new video services to disintermediate historical channels and directly form relationships with viewers. To succeed in this new arena, Disney will need to aggressive pursue these new opportunities, likely at the expense of its legacy business.
Although Disney's ESPN has been the dominant player in sports content for decades, its slow reaction to digital video consumption trends and inability to monetize sports content as effectively as tech giants could see the king lose its crown in the years to come.
Data is creating value at Hulu through its selection of content to invest in, its search recommendation engine, and its advertisers.
David Letterman's retirement was prompted not just by his years of service, but a digital shift in dynamics for Late Night TV