Disney CEO Iger Says ESPN To Continue To 'Take Advantage Of Linear In Terms Of Rev And Profits That It Generates,' While Making Transition To Streaming
Portfolio Pulse from Benzinga Newsdesk
Disney CEO Bob Iger announced that ESPN will continue to leverage its linear TV presence for revenue and profits while transitioning to streaming, according to Reuters.
March 08, 2024 | 8:35 pm
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POSITIVE IMPACT
Disney's strategic move with ESPN to maintain its linear TV revenue while transitioning to streaming could bolster investor confidence in its adaptability and future revenue streams.
Disney's decision to continue capitalizing on ESPN's linear TV revenue while also transitioning to streaming demonstrates a strategic approach to leveraging existing assets while adapting to new market trends. This dual approach could reassure investors about Disney's ability to navigate the changing media landscape, potentially leading to positive short-term impacts on its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90