Walt Disney CEO Robert Iger Says Looking For A Strategic Partner For ESPN; Want To Stay In Sports Business, Open Minded About Strategic Partnerships; Streaming Will Be A Profitable, Growth Business
Portfolio Pulse from Happy Mohamed
Walt Disney CEO Robert Iger has announced that the company is seeking a strategic partner for ESPN. He emphasized Disney's commitment to the sports business and expressed openness to strategic partnerships. Iger also stated that streaming will be a profitable, growth business.
July 13, 2023 | 12:35 pm
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POSITIVE IMPACT
Disney is seeking a strategic partner for ESPN, indicating a potential shift in its business strategy. This could lead to new growth opportunities, particularly in the streaming sector.
The search for a strategic partner for ESPN suggests that Disney is looking to expand or diversify its sports business. This could potentially lead to new revenue streams and growth opportunities, particularly if the partnership focuses on expanding ESPN's streaming services. As such, this news could have a positive impact on Disney's stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100