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Business
October 13, 2023
Disney Ready to Enter the Sports Betting Arena with ESPN Bet App
Disney is making a significant leap into sports betting by launching the ESPN Bet app next month. While the move has stirred internal debates and concerns, the allure of attracting a younger, predominantly male audience and tapping into the growing sports betting industry has proven too compelling to ignore. The Partnership Leverages Disney and Penn’s […]
Business
November 21, 2022
Robert Iger as Disney CEO Throws Spanner in Gambling Plans
The Walt Disney Company revealed a senior-level change on Sunday. The company announced that Bob Chapek, who served as its CEO, has stepped down from his position and is replaced by the company’s former chief executive, Robert Iger. Iger Returns, Chapek Steps Down as Disney CEO Disney revealed that the senior-level change is effective immediately. […]
Business
August 16, 2022
Let ESPN Go Its Own Way from Disney Urges Daniel Loeb
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, […]
Business
August 11, 2022
Disney CEO Suggests Sportsbook Partnership During Financial Results Call
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 […]
Sports
November 11, 2021
Disney Openly Accepts Sports Betting as Part of Future Plans
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 […]
Business
October 19, 2021
Disney Could Be Looking at Spinning Off ESPN
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 […]
Sports
December 12, 2020
Disney Embraces Daily Fantasy Sports Betting with ESPN+
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 […]
Business
August 17, 2020
Saudi Arabia Boosts ETFs, Drops Shares in Boeing, Facebook, and Disney
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. […]