Disney's CEO's said they are ‘working very hard’ on an ESPN-branded sports betting app just as major investors were questioning why keep the network at all.
,” adding “and innovation plans” in a separate tweet. Whether the idea of incentivizing its users to get into sports betting was part of that discussion is up in the air.Gizmodo reached out to Third Point LLC, Loeb’s company, to see if they had any comment about Disney’s move towards gambling on the ESPN brand, but we did not immediately hear back. The investor had previously claimed that shrugging off the load of ESPN content would reduce over $46 billion in debt.
Disney currently owns about 80% of the ESPN sports network, while Hearst Communications owns the rest. Sports streaming is still a hot market, as shown by reports last year showing Apple was also looking to break into the game with its “
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