Disney is open to finding a new strategic partner for ESPN, Iger says
Publishing timestamp: 2023-07-13 15:00:18
Summary
Disney is open to selling or spinning out its legacy cable networks and ABC, and is looking for a strategic partner for ESPN as it prepares to transition the sports network to streaming. The CEO, Bob Iger, believes that finding a strategic partner could improve ESPN's streaming service by extending its distribution and adding content. The article also mentions the challenges faced by traditional TV business and the increasing importance of quality programming in the streaming world.
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Keywords: alphabet class c, alphabet inc, breaking news: business, business news, technology, sports, apple inc, walt disney co, media, comcast corp, amazon.com inc,
Source: https://www.cnbc.com/2023/07/13/disney-open-to-finding-espn-strategic-partner.html