to the media landscape when it comes to money being dispersed when companies like netflix and hulu amazon prime when they push their own original content over the content of life in movies and shows that they have well you know it's going to be really interesting to see if the economics can work out netflix. using the debt instrument of over ten billion dollars and they wind up making that work what we're seeing is either peons economics and the way they figured it out it's looking like it's not going to work out for disney and they may want to spin out e.s.p.n. they've given too much money to major league baseball and others and those subscribers aren't there to justify their investment so now the other netflix and others amazon is starting to they just spend a ton of money for thursday night football can they wind up making that work i think they're going to use this as a way to get in the door and show people they could have a competitive entertainment offering but will they eventually have the same problem as varieties and the other cable giants we will see is there money in aggregating all

if you have netflix, hulu, there's amazon prime also delivers video. maybe you're already paying for that. if you add it up, it sometimes could be the equivalent of a cable bill. at the same time, it gives you more choice. doesn't mean you have to get them all at once either. >> why are so many people still paying a premium for that cord to be connected to cable? >> it's just -- it's a legacy service. a lot of us like to have it in the home. they like the idea that it's always there in case. people who do choose to cut the cord, they're making a very conscious effort to do so. cable bills can get really high. >> apple is plunking down a billion dollars. >> a billion dollars. >> to create content for people to go to apple tv. netflix, hbo, they're all in the content creation business. is there too much out there? >> there is a lot out there. in fact, there's so much tv, you know, for all the good tv that's being produced, you're not watching most of it. that's probably fine. four networks, five networks, you watched everything that was primetime. now wi

at a time when more people are watching online video through subscription services like hulu netflix and amazon prime cable t.v. is struggling to stay competitive with this new deal discovery now has more to offer when negotiating skinny bundle packages with cable writers what's unknown is how the now combined company will compete in the long term as the cord cutting trend continues well as of close monday discovery stock dipped more than eight percent on the news while scripps was up more than half a percent. and the koch brothers have made painfully clear how much they dislike and disagree with president donald trump but the billionaires are willing to put aside those differences for one reason only to overhaul the u.s. tax system on monday trump admin officials appeared with top leaders of coke's network to promote a tax plan at the newseum in washington the koch brothers are putting their money and muscle behind the overhaul but so far the details are slim what we do know is that. both trump and the koch brothers want to see the corporate tax rate cut from thirty five to fifteen percent they also

stuart: i'm told you get all the content, you get netflix, hulu -- >> amazon prime. >> you get 'em nowyou get fox business -- well, now you're talking. >> now you're excited. stuart: come on. it's friday morning. we're ten minutes in. i have to say regretfully i've got to say good-bye to jeff sica. impactful, forget about it. also thank you very much, indeed, andy puzder, this friday morning. >>> another amazon story, lazy boy in talks to sell its furniture on amazon. if you can't beat 'em, better join 'em. all right. our coverage of hurricane harvey continues, obvious. the storm will make landfall on texas, i think about 1:00 in the morning saturday, one a.m. saturday. >> correct. stuart: hive report from our resident meteorologist, janice dean, coming up. she says harvey has the potential to be one of the most impactful storms ever. [laughter] we'll be back. ♪ ♪ stuart: yeah, it's a rally, 73 points higher, 31,857. -- 21,857. and now this, millennials are loving snap more than instagram which is owned by, i believe, facebook. >> yes. stuart: what is going on, gerri willis? these mill

now i have netflix, amazon prime, hulu, hbo now, showtime, now and that to $150. what's the point?tarting next year greg is going to say, let's get espn. joining us with his thoughts on disney, paul sweeney. kotok who us is david knows a lot about everything. what do you think about the effect on cable? bob said they are going to regard it as a threat. is this part of a slow demise of cable as a provider of content? companies,ook at the they have been losing video 5, 6,ibers for the last seven years. the cable companies continue to areery well because they gaining broadband subscribers. high-speed internet access. those subscribers are much more profitable for the cable companies in the video subscribers are. it is a change in business model for the cable companies. well becauseg very they are the best broadband pipe into the home and as long as people continue to consume content over the internet they need to come to the cable companies. espn is down 3% in subscribers. is this implicitly a recognition that they can't stay at this dance much longer? they've got to move on to the ne

hulu now. do you think netflix's burn is sustainable? is it paying off? i will not side so much with netflix. we have run surveys. regular amazon customers, about 50% of them are netflix subscribers. of primeit is 70% of them. i think what is happening here is the death of the big bundle. and consumers, especially the more advanced internet users, don't go into prime, and they are going to netflix. you got this huge, secular tailwind, the shift over to streaming and netflix is the biggest beneficiary of that. do you know why? they have great content, that is one. and the proof of that point is the fact they are going to add more subscribers this year than last in the u.s. we are not at the end of the s curve for netflix. emily: that was mark haney. history has been made in crypto currency. the number one digital currency, bitcoin, has split in this comes two. after a debate on how to scale bitcoin and increased block size. the files in which transactions are recorded. causing a new strand called bitcoin cash. caroline hyde joins us from london to explain what is next. the split is philosophical in nature. it is about what they want to see bitcoin become. part of the ecosystem is wanted to

hulu. a lot of these are ramping up their investment programming. amazon is the third largest buyer of programming in hollywood. they are going to spend $4 billion in programming for amazon primeprogramming as well as licensed programming, so they are already a major player. been,estion has always when are they going to go into sports? the reason they haven't gotten there yet, it is so expensive. and now we are starting to see them. >> the major networks and espn have locked up rights. it's not like they can jump in when they are ready. all of thes beachfront property in sports, certainly in north america, starting with the nfl. as those rolloff i think we're going to see new ones come in that we haven't seen before. places where consumers are spending more time. >> it was two years ago this week there was a media meltdown. disney will be reporting tomorrow after the bell. is espn still struggling? employee --disney and select the market is where we were two years ago. we had some cable companies and some weak advertising. >> north american research director paul sweeney. coming up, berkshire hathaway sitting on almost hundreds of billions of dollars in cash. julia: it is 3:00

to be netflix, there's going to be amazon, which i assume you'll still get free as part of being a prime consumer, which will get you ancillary benefits, you'll have hulu. now you'll have disney >> and apple saying they want to make tv. you'll have hbo. you'll have showtime i'm probably leaving out somebody in all of this. are we all going to have -- i've got seven fingers at the moment up, are we all going to have seven subscriptions, plus the cable? >> that hasn't been worked out yet. and so ted in our interview this week, i asked him about that and i talked to him about that he said it's hard to launch a streaming service. it's hard to do what netflix does, and they're way ahead. >> right >> so the question is, are you going to really need to subscribe to all seven or are most consumers and users just going to say i'll do netflix, and then i'll do this in a movie theater or see this on tv or this -- it will be interesting to see how consumers -- >> do you think he's going to ultimately get into the sports game because that's been the one piece that people have waited for in terms of how this whole tv landscape may change. >> i think anything is poss