There's no more important time to watch Disney, as a whole, than for the next year. Iger is investing massive amounts back into their amusement parks and, has recently, gotten in to gaming (a recent study says 100% of boys between 14 and 17 play video games and, surprisingly, 75% of girls do too. SIMPLY WOW! Morph those games in to some sort of gambling and I see a HUGE strategic business opportunity looming when they get to college. WHOA!). IMO, he's structuring to spin off the debt laden ESPN. For ESPN's part, strategic subcontracting of games may be their best strategy. And, of course, leveraging more gambling can also help. I think the biggest thing to watch is their 'capital' position at the next contract negotiation. Without big bucks from a parent company (assuming Disney spins them off), ESPN may be in a very difficult position to compete. AND, as noted in today's news, if Notre Dame's comment move the bar in Congress, these negotiations will get even more interesting. A lot of moving pieces. We will see.