James Cramer's rant on Disney's new VOD venture, Operation MovieBeam:
No more devices. Sorry, I don't want still one more device attached to my television set. And I certainly don't want to pay for it. Yet, there goes Disney (DIS:NYSE) , offering Operation MovieBeam, under which you can add a device to your television that costs you money every day so you won't have to pay late fees at Blockbuster. Huh? Who thinks about this stuff? Who creates it? And at what point do companies stop dreaming about the wonders of video on demand? (…)
My prediction: There's a $100 million write-off headed Disney's way. This venture reminds me so much of those Disney ventures I was involved during the dot-com period. Everything they touched turned to stone. They had no feel for the marketplace or for what consumers wanted. It's just amazing how bad they are.
