{"id":27879,"date":"2023-10-19T01:12:28","date_gmt":"2023-10-19T01:12:28","guid":{"rendered":"https:\/\/microloannexus.com\/news\/disney-gives-investors-a-look-at-espn-financials-including-recent-revenue-declines\/"},"modified":"2023-10-19T01:12:30","modified_gmt":"2023-10-19T01:12:30","slug":"disney-gives-investors-a-look-at-espn-financials-including-recent-revenue-declines","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=27879","title":{"rendered":"Disney gives investors a look at ESPN financials, including recent revenue declines"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-6\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-6-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<div class=\"group\">\n<p>The reorganization of <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\">Disney<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span>&#8216;s business is giving investors a glimpse at ESPN&#8217;s financials for the first time.<\/p>\n<p>The inside look \u2013 which shows ESPN&#8217;s revenue has been decreasing in recent quarters \u2013 comes as the parent company looks for a strategic investor for what was long considered a crown jewel of the business.<\/p>\n<p>Earlier this year, Disney announced a broad array of changes to its business that not only saw massive cost cuts and more than 7,000 employees laid off, but a restructuring of the company into three segments.<\/p>\n<p>The company is now broken down into three divisions, one of which is an ESPN segment that includes the TV network and ESPN+ streaming service. This split sports from entertainment, which now includes most of its streaming and media operations. Parks, experiences and products make up the third unit.<\/p>\n<p>Disney is scheduled to release fiscal fourth quarter earnings Nov. 8.<\/p>\n<p>On Wednesday, Disney reported that its sports segment, which includes smaller contributions from Star India, had more than $13 billion in overall revenue for the nine months ended July 1, subtracting the amount from its entertainment segment revenue, where it was previously reported. ESPN generated more than $12.5 billion of that nine-month total.<\/p>\n<p><strong>Read more:<\/strong> Netflix is leaning more into sports programming<\/p>\n<p>ESPN&#8217;s revenue \u2013 the domestic business makes up the bulk of ESPN&#8217;s revenue, with some coming from international \u2013 has fallen in recent quarters.<\/p>\n<p>The network had roughly $4.06 billion in revenue in the third quarter, down from nearly $4.1 billion in the second quarter and about $4.4 billion in the first quarter, according to Wednesday&#8217;s filing.<\/p>\n<p>The report shines a light on ESPN, the cable-TV network that has long raked in high traditional TV fees and viewership for the company \u2013 even during a time when the cable providers are losing customers at a fast clip in favor of streaming.<\/p>\n<p>ESPN has been the linchpin not only of Disney&#8217;s cable-TV networks, but of the overall traditional bundle, reaping some of the highest TV fees. Last month, as football season kicked off, it ignited a carriage fight between Disney and cable provider <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-8\">Charter Communications<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span>, which ended in Disney channels being turned back on for customers and some getting access to it streaming services as part of the deal.<\/p>\n<p>A part of the fight was Disney&#8217;s future prospects for ESPN on streaming. Disney plans to make the ESPN channel a direct-to-consumer option outside of the bundle for customers in the future.<\/p>\n<p>The reorganization of Disney had been part of the company&#8217;s response to activist investor Nelson Peltz and helped to fend off his firm, Trian Fund Management for a few months. However, last week, Trian upped its stake in Disney and now a second proxy battle is brewing, CNBC reported.<\/p>\n<\/div>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-107276584\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-107276584\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000309518\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><span class=\"InlineVideo-videoButton\"><\/span><span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/10\/18\/disney-gives-investors-a-look-at-espn-financials.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The reorganization of Disney&#8216;s business is giving investors a glimpse at ESPN&#8217;s financials for the first time. The inside look \u2013 which shows ESPN&#8217;s revenue has been decreasing in recent quarters \u2013 comes as the parent company looks for a strategic investor for what was long considered a crown jewel of the business. Earlier this<\/p>\n","protected":false},"author":1,"featured_media":27880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-27879","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Disney gives investors a look at ESPN financials, including recent revenue declines | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"The reorganization of Disney&#039;s business is giving investors a glimpse at ESPN&#039;s financials for the first time.The inside look \u2013 which shows ESPN&#039;s revenue\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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