From CNBC: 2024-03-21 13:11:47

Disney’s former CEO Bob Chapek hinted at no benefit in adding more minority partners to Disney-owned ESPN, in his first public comments since being fired in 2022. The company plans a new direct-to-consumer ESPN offering by fall 2025 and is exploring stake partnerships with major sports leagues for content and technology enhancement.

Chapek’s strained relationship with former CEO Bob Iger was highlighted, leading to his dismissal in 2022. Chapek emphasized Disney’s potential need for a partner to raise cash for acquiring Comcast’s Hulu stake, suggested to cost at least $8.6 billion. He envisioned ESPN becoming a centralized sports hub regardless of streaming rights ownership.

Chapek’s visionary goal for ESPN involves being a one-stop navigation source for sports content, akin to Apple TV’s movie search function. He aims to make ESPN indispensable for sports fans and lead in the streaming world’s evolution, even if not owning broadcasting rights. This strategic approach could enhance ESPN’s relevance and engagement with viewers.



Read more at CNBC: Ex-Disney CEO Bob Chapek says ESPN doesn’t need strategic partners