The Overvaluation of Disney's Intellectual Property

Disney has the most valuable long tail collection of entertainment intellectual property on earth. The way that it monetizes them and everything that's going on with with linear TV, right? That's a business that's in decline. Sports content is so important. But again, because of what's happening with linear linear TV, its ability to monetize that is absolutely getting shredded. And then I think about Eiger and thinking about what he accomplished and like the lightning in a bottle of his time with Marvel and Pixar. All of that to say, the idea that Iger's magic is going to be back, he's going to fix the operations is going to get the company pointed back in the right