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If an exchange tries to squeeze it's participants they can just do a PNI or create their own. An exchange in it's simplest form is just a switch after all.



The exchanges would have favorable terms for rates on the intercontinental lines and such, no?

While I don't doubt Disney could get into the business (and may, they're ever-growing), I'm not sure it makes a lot of sense.

It may, but that's kind of what I was getting at RE: anticipation. I don't know the business well, and have never had Disney Money to play with!

They're the sole owners of their material, they could much more easily pass the costs along - perhaps arrange partnerships with local businesses, ala 'bundling'




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