cable affiliate fees account for "between 20% and 47% of total revenue" for media companies like Disney. makes sense that they would want to burn them
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"Bank of America analyst Jessica Reif Ehrich also sounded the alarm in a note to clients today. “If this posture were to be extrapolated across all other major video distributors, we believe it would have a devastating impact on the P&L of the entire traditional Media & Entertainment group,” she wrote. “The result would lead to a significant decline in highly profitable linear subscribers that would be only partially recouped by likely fewer and less profitable DTC subs.”
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