Following the company’s Q2 earnings report, Walt Disney Co DIS 0.74% CEO Bob Iger discussed several key issues for the company in coming years.
Iger discussed the role ESPN will play in a rapidly evolving pay-TV environment, the implications of “cord-cutting” and Disney’s view on competition from Netflix, Inc. NFLX 2.32%.
The Future Of ESPN
Over the past several decades, ESPN has become the dominant brand in sports television. However, the network’s recent decision to shed high-priced talent such as Bill Simmons, Keith Olbermann and Colin Cowherd have led to concerns about the future of the network.
According to Iger, however, ESPN in its traditional multi-channel form is doing just fine. In fact, 83 percent of U.S. multi-channel households watched ESPN in Q1 of 2015.
Implications Of Cord-Cutting
Nearly half (46 percent) of Disney’s 2015 operating income has…
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