For Disney, the shift to video streaming is ‘sobering,’ top media analyst warns

“The data that has come out in terms of the shift from traditional to nontraditional distribution is pretty sobering,” [Senior analyst Tuna Amobi, CFRA Research] said on “Squawk Box.” “Obviously, ESPN is exposed. We’re getting a lot more ‘cord cutters’ and ‘cord nevers.'” – Berkeley Lovelace Jr., CNBC