Word: soapnet
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...entertainment giant's sinking properties. ABC is struggling, sales are way down at Disney's theme parks and stores, most of its non-Pixar movies have been wan performers, and revenue from DVDs is shriveling. The cable networks, which in addition to the Disney Channel include ESPN, ABC Family, Soapnet and Disney XD, brought in 26% of the company's $26.3 billion in revenue and 58% of its $4.8 billion in operating income during the nine months ending June 27. In the past three years, they have represented 80% of Disney's revenue growth. (See pictures of Miley Cyrus' budding...
...sliding down the tail. Television networks, for example, are having mixed success in making the long tail work in a business that revolves around discovering the next Seinfeld. They found a place for reruns of long-forgotten television shows, on cable channels like the Game Show Network and SoapNet. But they have not yet figured out whether they should consider YouTube, the massively popular online-video site, as their worst enemy or new best friend...
...DISNEY Moneymaker ESPN airs big-time sports but is battling cable operators over rate hikes. Disney also owns the Disney Channel, ABC Family, Toon Disney, and SOAPnet...
...formats. Networks still link to cable companies for free, but increasingly hold them hostage by making the programming's availability contingent on the purchase of the networks' cable affiliates. ABC, for example, recently threatened to pull itself from Time Warner Cable if Time Warner didn't start carrying the SoapNet channel...
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