Decoupling ESPN from Disney may be a way forward for both companies to achieve their optimal performance in the entertainment industry, Third Point CEO and chief investment officer Daniel S. Loeb has said in a letter addressed to Robert A. Chapek, Disney’s chief executive. Third Point Capital Wants ESPN to Be Unshackled from Disney Essentially, […]
The Walt Disney Company reported a 26% increase in revenue for the company’s third fiscal quarter ending on July 2, 2022. However, what made the news was not the sound financial results, but CEO Bob Chapek discretely hinting that Disney is looking to expand its diverse product portfolio with sports betting. 14.4 million New Subscriptions […]
Disney is looking to expand more aggressively into sports betting, the company has admitted during its Q4 2021 earnings call. The news comes as a U-turn in the position of the family entertainment giant which has avoided association with gambling for years and led a pointed attempt to stop Florida from passing a sports gambling […]
Disney has been one of the key opponents of legalizing sports betting in states like Florida, arguing that the Sunshine State is a place for family and friends. Over the years, not even Disney has been able to resist the pull of interactive wagering that washed over the US and has so far had over […]
Disney is changing its anti-gambling stance and embracing sports betting as a viable recreational segment in full. The company announced on Thursday this week that it will seek to create a dedicated hub for fantasy sports and sports betting products with ESPN+, ramping up the number of such content the company provides. The company’s media […]
The Public Investment Fund of Saudi Arabia continued to diversify its investment portfolio away from oil and fuel energy in Q2, 2020, the latest SEC filing has revealed. Saudi’s Public Investment Fund Continues to Diversify Portfolio Saudi Arabia’s investment arm, the sovereign wealth-fund, has begun thinning some of its investments in the world’s biggest companies. […]
