1/ 🧵
ESPN is a dying animal. The CEO of Disney admitted the company talked to a couple different leagues about partnerships in ESPN.
1/ 🧵
ESPN is a dying animal. The CEO of Disney admitted the company talked to a couple different leagues about partnerships in ESPN.
A solution is offering an attractive price to a streaming platform. A kind of Netflix for sports.
that really is a good idea.
To read full article:
https://leofinance.io/@taskmaster4450le/disney-espn-is-looking-for-partners-
2/ This is something that is telling. ESPN is nothing more than a middleman for the leagues to reach their audiences.
3/ The leagues now have their networks which already is starting to reach viewers. In other words, there is no need for ESPN to be part of the equation.
4/ Cable subscriptions are drying up because of cost cutting. This is taking Disney's revenue down. It also lost a fortune on its streaming service, $11 billion to date.
5/ We are now watching the path to bankruptcy for ESPN. This is not going to end well for Disney or the talent that works with the sports network.
it’s not surprising, it’s going the way of the newspaper. Sad to see in some ways but it’s a dinosaur
There's still a niche for ESPN. Hard-core fans of one sport can shell out money for a network channel (especially for NFL). What about the fan who follows teams in various sports? ESPN could go back to its roots and focus on motorsports.
I don't follow sports as closely as I used to, so this wouldn't affect me. However, ESPN has to adapt if it wishes to survive. It also has to respect its audience, and in recent years that's been a touchy issue.