Reported 11 days ago
Analyst Tim Nollen discusses the potential impact of Disney's upcoming ESPN direct-to-consumer service set to launch in August 2025, predicting it could significantly accelerate cord-cutting trends in the pay TV market. With sports content being a primary reason many consumers remain subscribed to traditional cable, Nollen suggests that the transition to a direct streaming model may push current cord-cutting rates from 8.5% to potentially 15%. He maintains a neutral stance on Disney's stock until there's more clarity on the new service's success.
Source: YAHOO