Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Business

How ESPN executives plan to survive the decline of cable TV

by March 25, 2024
March 25, 2024
How ESPN executives plan to survive the decline of cable TV

Disney’s ESPN is at a crossroads.

For more than 40 years, the world’s largest all-sports network has grown annual revenue by increasing cable subscription fees. ESPN first charged pay-TV distributors less than $1 per month per subscriber in the 1980s. In 2023, ESPN’s monthly carriage fee was $9.42 per subscriber, according to data from S&P Global Market Intelligence.

That business model is eroding. Since 2013, tens of millions of Americans have canceled their cable TV subscriptions, raising questions about ESPN’s future in an increasingly fragmented media landscape. CNBC spoke with multiple current and former Disney and ESPN executives about the network’s path ahead as part of the digital documentary “ESPN’s Fight for Dominance.”

ESPN reported domestic and international revenue grew just 1% to $4.4 billion in its most recent fiscal quarter. The network can no longer rely on price increases to make up the difference as the number of cable customers declines.

The company has a new two-part streaming plan to reinvigorate growth. First, this fall, Disney will make ESPN available outside the traditional cable TV bundle for the first time as part of a joint venture with Warner Bros. Discovery and Fox. The service, which does not yet have a price, will target noncable customers who want to watch sports but don’t want to pay $80 or $100 a month for a full bundle of networks.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
WeightWatchers CEO apologizes to body positivity influencer after Oprah special on weight loss drugs
next post
Former Disney CEO Bob Chapek breaks silence, says there’s no strategic need for ESPN partners

Related Posts

UnitedHealthcare taps company veteran Tim Noel as new...

January 25, 2025

Apple’s Maryland store workers vote to authorize strike

May 13, 2024

As pet insurance becomes more popular, owners complain...

August 17, 2023

Bank of England holds rates, stresses June cut...

May 10, 2024

Lucid CEO steps down; EV maker plans to...

February 28, 2025

Tesla ordered by auto regulators to provide data...

August 30, 2023

Toyota’s credit business is fined $60M for saddling...

November 22, 2023

A government shutdown wouldn’t stop air travel, but...

September 29, 2023

Orange juice prices are going through the roof...

May 31, 2024

Disney wins the 2024 box office as year-end...

January 16, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Gold’s Meteoric Rise: Can the Price Break US$4,000 in 2025?

    • COB: Repayment of Promissory Note

    • Lo Herma Resource Drilling Timing Confirmed

    • Reinstatement to Quotation

    • Tariff Talks: Swiss Propose Investment in US Gold Refining

    Categories

    • Business (1,395)
    • Investing (2,975)
    • Politics (3,699)
    • Stocks (1,807)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved