. >>> kim serafin joins me, the senior editor for "in touch" weekly.usic awards, the big prize belonged to beyonce, but everyone loves to talk about the big spectacles. what topped everything? was it beyonce? >> oh, yeah. this was certainly beyonce's night. she won video of the year, best female video and that performance that hadn't been announced but was leaked yesterday that she was maybe forming. she'd been in secret rehearsals. this was amazing. this was like a mini concert. she took over the entire stage. she did a couple of songs, ending with "formation." she looked amazing. dominated the stage, and she stood out. in a way, rihanna who performed basically every five minutes it felt like. rihanna did four performances. one of the comedians, key and peele made a joke saying it was the rihanna show featuring the vmas. it was really about beyonce and rihanna all night long. >> kanye west got four minutes at the awards to do whatever he wanted. did he use his time wisely? what's being said about that? >> we didn't really know what kanye was going to

here what to expect, jack hough and kim serafin, senior editor of "in touch weekly.."f concern, i think that dragged the stock down last quarter. a lot of concern whether people are going to dismiss espn, those folks who are not crazy out for sports will cut it out of their system. will it be a drag or net plus? >> this is the big story for the past year. it was one year ago where disney's ceo first warned about some subscriber losses at espn. all of sudden the stock took a huge hit after that. this is continued to be the story quarter after quarter, leading up to this afternoon. this is what we'll be watching closely. the stock, remember, we're in this big bull market right now and the stock is down double digits over the past 12 months. david: by the way, kim, disney is for seeing a time there is chord cutting, people ask for specific channels and pay for those channels, disney is thinking of buying into technology that would allow that to happen. there is something advanced media, they were going to spend 3 1/2 billion. that is still spending, is it not? >> right. o