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...
...At Disney, she oversees an array of TV businesses including ABC and ABC News, Disney’s TV studios, FX and National Geographic — all of which are in decline thanks to cord-cutting viewers ditching cable subscriptions...
...Iger has also drawn endorsements from heirs of company founders Roy and Walt Disney in recent weeks....
...The league’s current arrangement with Disney’s ESPN and Warner’s TNT allows for some games to be aired on ABC, Disney’s free-to-air broadcast network, and last autumn Warner began experimenting with simulcasting...
...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 defeats Nelson Peltz by wide margin in Walt Disney board clash The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino....
...Disney’s traditional television networks, including ABC, reported a 9 per cent revenue decline in the fourth quarter due to a weak advertising market....
...He says he wants to find a partner to join Disney in the ESPN sports TV business and has discussed the possibility of selling the ABC television network....
...It lost more than $1.6bn from its streaming businesses in the first nine months of 2023, during which its Disney+ service gained 8mn subscribers....
...But the entrance of Disney — the entertainment giant behind Mickey Mouse and Pixar animation studios — into gambling, a product linked to addiction, is not without risks....
...Walt Disney and Charter Communications have agreed to resolve a dispute over fees and terms, ending a 10-day stand-off that left millions of customers without premium live sports at the start of the autumn...
...This is playing out across the industry, but most publicly at Disney, after Iger in effect put up a “for sale” sign in July on Disney’s TV channels, including ABC, where he started his career....
...Disney claims that its content remains the centrepiece of the cable bundle. There must be a creative solution....
...“He doubled down on the fact that ABC is for sale.”...
...Disney’s streaming business is expected to lose money until 2024, and Iger has floated the idea of selling Disney’s traditional TV assets such as the ABC network....
...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....
...Disney on Wednesday said it would cut its spending on content by another $2bn next year to about $25bn — well below the $30bn it spent in 2022....
...An advertiser exodus from Elon Musk’s X gathered pace on Friday, with Apple, Walt Disney, Comcast, Paramount and Warner Bros all pausing spending on the social media platform amid concerns about antisemitic...
...The prompt for Winfrey’s soul-searching is a high-profile dispute with Walt Disney, which at the end of August pulled its TV channels from Connecticut-based Charter’s cable services after the two failed...
...He told CNBC that the business model behind traditional TV networks, including ABC, is “definitely broken”, noting that they “may not be core to Disney”....
...In an interview with CNBC on Thursday, Iger revealed that the entertainment juggernaut was open to a possible sale of certain traditional TV assets, a portfolio that includes cable networks ABC and ESPN....
...Streaming tears Growing headwinds in India are forcing The Walt Disney Co to consider selling off a portion of its streaming business in the market, write Nikkei’s Rei Nakafuji and Ryosuke Hanada....
...But even when it has criticised boards over executive pay, as in a case involving Walt Disney two decades ago, the court has not acted with similar force....
...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....
...Disney is scheduled to report quarterly results on Wednesday....
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