Reported 23 days ago
Disney's CFO, Hugh Johnston, expressed confidence in the recent agreement between ESPN and the NFL, which includes a 10% equity stake for the NFL in ESPN and aims to enhance ESPN's media assets. The deal, which supports ESPN's upcoming streaming service, is expected to generate revenue and cost synergies while engaging super fans in key areas like fantasy sports and betting. Disney also announced significant investments in WWE events for ESPN and reaffirmed its adjusted earnings per share guidance despite a mixed earnings report.
Source: YAHOO