- Discovery's implied threat to sue T-Mobile effectively announces the end of the pay-TV bundle since only T-Mobile's approach could save it.
- Discovery will soon launch a new DTC service.
- The service has a chance to close, at least partially, Discovery's large advertising CPM gap with other content producers.
- Discovery will need that boost since the service may struggle to fully replace pay-TV revenue on the subscription side.
- Altogether, Discovery's upside seems stronger than its downside.
For further details see:
Discovery, Inc.: I May Have Discovered My Next Investment