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...Nearly 15mn US pay-TV customers have been unable to view Disney networks, including ESPN, since Thursday amid a battle with Charter over fees to carry the programming....
...But ESPN’s annual cash flow is too valuable to give up in a sale or spin-off....
...ESPN Bet branding will be rolled out across ESPN’s TV shows in the coming months. On the app, ESPN’s hosts, such as Van Pelt, will recommend bets for users....
...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....
...The potential tie-up between ESPN and TGL comes at a pivotal time for both the network and the business of golf....
...Disney’s ESPN, Fox and Warner Bros Discovery plan to launch a sports streaming service later this year that will aggregate the games offered by the media groups’ traditional television networks....
...The deal between Penn and ESPN is a watershed moment for Disney’s sports cable network as it continues to build out its streaming platform ESPN+ and it has tapped advisers to examine its options....
...Warner recently announced that it would launch a sport streaming service alongside Disney’s ESPN and Fox, a plan that the companies hope will help capture fans who are no longer subscribing to linear TV...
...But in the agreement announced on Monday, the companies said this streaming version of ESPN will be available to Spectrum customers when it is launched....
...Taking ESPN directly to consumers would be a blow to cable companies such as Charter....
...If the new “ESPN Bet” meets certain market share targets, Disney receives a fifth of Penn’s stock....
...One of the biggest decisions Iger faces is what to do about ESPN....
...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....
...Chapek, too, had been leaning towards holding on to ESPN, according to a person close to him. “But ESPN is a declining asset, and Disney has a tough balance sheet....
...Like rival Disney, which is pondering the future for its ESPN network, Zaslav must judge whether news channel CNN is worth selling off to a specialised owner....
...But even Disney’s ESPN is now struggling with high costs and flagging revenue. Its once dominant “linear networks” division just reported a 16 per cent quarterly drop in operating profits....
...They point to the seven-year deal ESPN signed last year with the National Hockey League allowing it to show games on the ESPN cable network, ESPN Plus, the Hulu streaming service and ABC....
...Following the remarks, Loeb appeared to retreat from his ESPN push....
...Reese Witherspoon sold her company Hello Sunshine to Blackstone for $900mn in 2021, for example, and Blackstone-backed Candle Media took a $60mn stake in Will Smith and Jada Pinkett Smith’s Westbrook Inc...
...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....
...Viewers are increasingly following ESPN’s sports content from its linear cable channel to its streaming product, ESPN+....
...MSP Sports Capital, an investment firm with a stake in the McLaren Racing motorsport group, bought a controlling stake in X Games from Disney’s ESPN in October....
...Describing ambitions to build a hybrid of “MTV, ESPN and CNN” for millennials, Viceland quickly expanded into dozens of countries through a series of joint ventures....
...News of the Suns and Mercury sale was earlier reported by ESPN. A sale of the teams would conclude years of tumult under Sarver’s administration....
...DraftKings and Caesars are prominent advertisers on ESPN and the network’s streaming service ESPN+, which links to their online-betting platforms....
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