CNBC Sport: ESPN Chairman Jimmy Pitaro on the most important bet in media [CNBC]
Walt Disney Company (The) (DIS)
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Source: CNBC
brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sign up to receive future editions, straight to your inbox. ESPN, as we've known it for the last 40 years, is in its end game. ESPN President Jimmy Pitaro , who I spoke with this week in an exclusive interview, doesn't shy away from that. “We're navigating through a storm,” Pitaro said to me as his first words in our wide-ranging interview, which you can see in full below. “If you look at the past few years, 7% to 8% fewer households are watching television. That's been a great business model to ESPN and to the Walt Disney Company . When that business model is in decline, you have to adjust, and that's what we're doing right now.” The frightening concoction is the same for all legacy media companies that rely on traditional pay-TV for the bulk of their revenue: Cable subscribers are dropping by the millions each year, and streaming – as a replacement service – is either unprofitabl
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News
- Disney alleges former employee manipulated Disney World menu allergen info [FOX Business Network]FOX Business Network
- 'Deadpool and Wolverine' to hit Disney Plus next month following stellar theatrical release [USA TODAY]USA TODAY
- ACE and Egyptian Authorities Shut Down Major Live Sports Piracy Ring [Yahoo! Finance]Yahoo! Finance
- The Grammys telecast moves to Disney from CBS under new 10-year deal [Los Angeles Times (CA)]Los Angeles Times
- Revealed: The True Cost Of Disney's Star Wars Spinoff ‘Solo' [Forbes]Forbes
DIS
Earnings
- 8/7/24 - Beat
DIS
Sec Filings
- 10/21/24 - Form 8-K
- 10/2/24 - Form 4
- 10/2/24 - Form 4
- DIS's page on the SEC website