They don’t really know what our plans are for the future. “Our investors only know what we’ve shared with them to date. Does it actually make sense? And I think that in Dan’s case he was more asking the question, is this the right business combination for the company?,” Chapek told Variety on Saturday. “You can look at this from two different ways, from the guest standpoint or from a commercial standpoint or a shareholder standpoint. maintaining a 20% ownership stake in the worldwide leader for decades. ESPN is a rare example of a longterm joint venture for Disney, with Hearst Corp. Chapek hinted that Disney is preparing for the future of its direct-to-consumer operations with a new platform that more deeply integrates ESPN alongside the brands of Disney, Marvel, Lucasfilm, Pixar, ABC, National Geographic, 20th Century Studios and more on the over-arching Disney+ streaming platform. Loeb revisited an argument that has been gaining steam in investor circles for more than decade that ESPN and Disney would be better off as separate entities.īut in interviews with Variety and other media outlets on Saturday against the backdrop of the massive D23 Expo fan convention in Anaheim, Chapek made it clear he has no intention of parting with ESPN, the sports TV powerhouse - quite the contrary. 15 when he issued an open letter to Disney calling for the company to divest ESPN and accelerate its acquisition of Comcast’s outstanding 33% stake in Hulu. We have a better understanding of potential as a standalone business and another vertical for $DIS to reach a global audience to generate ad and subscriber revenues.
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