Hints and tips:
...A spokesperson for ESPN told the Financial Times on Tuesday that the network has started providing secure logins to The Walt Disney Company app to some US Open players who have requested access, including...
...The valuation multiple now ascribed to ESPN may be too low for Disney’s business, which includes theme parks and the movie studio....
...Bob Iger, Disney chief executive, said the launch would be “a significant moment for Disney and ESPN, a major win for sports fans, and an important step forward for the media business”....
...In an advert released to promote Tuesday’s launch of ESPN Bet, the Disney-owned sport network’s betting venture with casino group Penn Entertainment, Van Pelt, known affectionately by viewers as SVP, pumps...
...ESPN remains a closely watched component of the Walt Disney empire as chief executive Bob Iger weighs options for the future of its media networks....
...The deal came hours before the first Monday Night Football broadcast of the 2023 season, a cornerstone of Disney’s ESPN line-up. The companies called the agreement “transformative”....
...Disney is pushing into the US sports betting industry, tying its ESPN cable network to the casino and online gambling company Penn Entertainment in a $2bn deal....
...Additionally, Disney will get warrants on Penn shares. If the new “ESPN Bet” meets certain market share targets, Disney receives a fifth of Penn’s stock....
...ESPN executives were forced to distribute private logins to a Walt Disney app to some players and journalists so they could watch the games.For Coco Gauff, the US teenager who advanced to the women’s finals...
...Disney channels including ESPN have gone dark on the screens of around 15mn Charter Communications pay-TV customers. Such “carriage” disputes occur sporadically. But this one may be existential....
...The organisers of the tournament are in negotiations for a new media rights contract, as its current exclusive agreement with Disney’s ESPN ends in two years....
...(DD readers may remember Disney’s quarrel with activist Dan Loeb over ESPN.)...
...Towards the end of 2021, Disney executives met Michael Rubin, chair of sports company Fanatics, to discuss options for ESPN, including a potential investment or sale, according to three people familiar with...
...Cost cuts and reducing staff is not exactly unique to the Walt Disney Company. We've seen it at Paramount, Warner Brothers, Discovery, Netflix....
...Even with the headwinds facing its core cable television business, Chapek said Disney had been “deluged” with interest from companies seeking to buy ESPN or join in a spin-off after reports that the company...
...“execute on the growth and innovation plans, generating considerable synergies as part of The Walt Disney company”....
...Just this week, Disney-owned sports channel ESPN announced plans to launch a sports book, joining the likes of DraftKings, MGM, and Ireland-based Flutter Entertainment....
...They include a shake-up of the board and cost-cutting throughout the business, as well as a potential spin-off of the company’s cable sports network ESPN....
...Losers of the Vice bankruptcy include titans of media and finance — the Murdochs, Bob Iger of Disney, Sir Martin Sorrell, and others — whose companies or former companies combined poured about $1.5bn into...
...For most of the 25 years since Walt Disney bought ESPN, the cable sports network has been a major profit engine of the company, thanks to robust subscriber growth, high advertising rates and the industry-leading...
...Disney Plus reached 137.7mn subscribers, while the company’s total number of streaming subscribers — including Disney Plus, ESPN Plus and Hulu — reached 205mn in the period....
...This spring he signed legislation to strip the company of the special tax status that allows it to govern the area around Walt Disney World theme park in Orlando....
...A person familiar with the matter described the negotiations for the next round of MLS rights as “a competitive process” but said that ESPN, Disney’s sports platform, feels comfortable with its other football...
...“The strength of The Walt Disney Company’s businesses coming out of the pandemic is a testament to [Chapek’s] leadership and vision for the company’s future,” Arnold wrote....
...Most of the companies — a list that includes Walt Disney, Comcast, WarnerMedia and Amazon — are set to rack up losses on their streaming units....
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