Penn sold Barstool to Dave Portnoy for $1 in exit Jay Snowden called ‘obvious to both parties,’ which set up ESPN Bet deal
"It became obvious to both parties that there's quality to one long-term natural owner of Barstool, and that's Dave Portnoy."
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Rising Peacock losses with stagnant subscribers contribute to Comcast stock drop
Peacock posted $467 million in Q2 losses, up from $363 million in that quarter last year.
ESPN and ABC hit some revenue issues in Disney’s third quarter, but less than other divisions, and ESPN+ now has 8.6 million subscribers
The media networks division, which includes ESPN and ABC, saw a boost in operating income, but a lot of that was about programming costs for the NBA in particular not being applied to Q3. Overall, the media networks saw slight revenue declines, but they seem to have less issues than other Disney divisions.
Charlie Ergen calls Dish merger with DirecTV “inevitable,” makes overture to Sinclair RSNs after first Sling TV subscriber loss
"The growth in TV is not coming from linear TV providers, but from huge programmers. You just can't swim upstream against a real tide of big players."
Disney+ has 28.6 million paid subscribers, ESPN+ is up to 7.6 million, and Disney’s making $787 million/month in streaming revenue
The launch of Disney+ has boosted ESPN+ significantly, with a lot of people adding ESPN+ thanks to the bundle with Disney+ and Hulu.
TheMaven SEC filing cites $45 million in Q4 revenue, projects millions in savings from SI cuts, discusses new traffic from team sites
TheMaven announced that it beat its revenue projection for this year and that it expects "more than $27 million in operational savings at Sports Illustrated" in 2020 (compared to the magazine's 2018 numbers) from cuts, including further print issue reductions.
Bob Iger unveils $4.99/month ESPN Plus price, calls app ‘future of ESPN,’ after quarter where ESPN held steady relative to ABC
ESPN had a relatively good quarter, compared to both its past results and what happened at ABC.
