ESPN Subscriber Loss Hurts Disney Income, Sports Giant Continues Rapid Decline
ESPN’s well-publicized hemorrhaging of subscribers peaked in recent months, greatly hindering the Bristol-based giant’s all-important ability to purchase sports rights.
Now, subscriber loss reached such a level that ESPN has become a financial drain on its parent-company Disney.
Other Disney TV properties have also taken hits, but ESPN’s subscription face-plant, highlighted by the earth-shattering loss of 621,000 subscribers in October, has Disney most concerned, considering that ESPN accounts for a huge portion Disney’s operating income. – READ MORE