Disney CEO says ESPN to eventually become online only
There could be big changes coming to how Americans watch their sports. Bob Iger, the CEO of Walt Disney — the parent company of ESPN — told CNBC's Squawk Box that he sees ESPN becoming an online-only channel sold directly to customers, à la HBO Now. While Iger imagines the shift taking place in five or more years, he added that, "If we end up seeing more erosion in the so-called multichannel [cable and satellite TV] bundle, quality will win out."
Apple-TV-owning sports fans shouldn't celebrate just yet, though. Forbes calculated the hypothetical cost of such a service, and ESPN clocked in at a steep $36.30 a month. HBO Now, by comparison, only costs $15 a month — and Beta Research found that the perceived value of ESPN to its consumers is a mere $1.45 a month. And come on, is the ability to stream the World Series of Poker really worth it?
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.
-
5 online spice shops that will breathe life into your cooking and baking
The Week Recommends Accessing fresh spices does not have to be a grind
By Scott Hocker, The Week US Published
-
'Empowered' Steve Bannon released from prison
Speed Read Bannon was set free a week before Election Day and quickly returned to his right-wing podcast to promote Trump
By Rafi Schwartz, The Week US Published
-
Who will be the next James Bond?
In the Spotlight Despite previous rumours of an offer being made, a replacement for Daniel Craig seems far from confirmed
By Richard Windsor, The Week UK Published
-
Boeing machinists reject deal, continue strike
Speed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
By Peter Weber, The Week US Published
-
Ports reopen after dockworkers halt strike
Speed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
By Peter Weber, The Week US Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published
-
Disney and DeSantis reach detente
Speed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
By Peter Weber, The Week US Published
-
Visa and Mastercard agree to lower swipe fees
Speed Read The companies will cap the fees they charge businesses when customers use their credit cards
By Peter Weber, The Week US Published
-
Reddit IPO values social media site at $6.4 billion
Speed Read The company makes its public debut on the New York Stock Exchange
By Peter Weber, The Week US Published