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RE: LeoThread 2023-07-13 14:43

in LeoFinance • last year

🧵 1. Disney CEO Iger announces openness to finding strategic partner for ESPN as it transitions to streaming, potentially selling equity stake. #business

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    🧵 2. Disney's linear TV business has degraded more than expected, says Iger. Early conversations held with partners to improve ESPN streaming.

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      🧵 3. Challenges greater than anticipated as disruption of traditional TV business continues, according to Iger. Launch date of ESPN's complete direct-to-consumer offering remains undisclosed.

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        🧵 4. Disney CEO's comments suggest ESPN seeking partnerships for all live sports programming. Popularity of sports content made ESPN a crown jewel, but streaming world requires intentional subscribers.

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