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Disney CEO hints at possible equity sale of ESPN in anticipation of streaming transition

  • CEO Bob Iger revealed that Disney is considering a strategic partner for ESPN as it shifts from linear TV to streaming.
  • Disney, which owns 80% of ESPN, has initiated early talks with potential partners to help enhance ESPN’s streaming services.
  • Despite the financial benefits of traditional cable TV, the increasing rate of American cable subscription cancellations has prompted this potential move.
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