Saturday September 30, 2023

Disney Cable Revenue Drops As ESPN+ Gains Subscribers

  • Revenue for linear networks — including ESPN’s platforms — went down 7% to $6.6 billion.
  • But operating losses at ESPN+ and Disney+ had decreased, partially because of a growth in subscribers at ESPN+ and increased pricing.
Christopher Hanewinckel-USA TODAY Sports
Front Office Sports Today

Donovan McNabb and the State of Football

From Taylor Swift to the Prime Effect, there's a lot going on in the world of football.
Listen Now
September 29, 2023 | Podcast
Copy Link
Link Copied
Link Copied

The Walt Disney Company saw a 13% revenue increase in its second quarter totaling $21.79 billion, the company announced on Wednesday. 

Its direct-to-consumer business also cut some of its losses, but revenue for linear networks — including ESPN’s platforms — dropped 7% to $6.6 billion. 

Domestic cable revenue dropped 4% to $5.6 billion due to higher production costs for the College Football Playoff and NFL games, as well as increased NBA media payouts and higher TV production costs.

Operating losses at ESPN+ and Disney+ decreased partially because of a growth in subscribers at ESPN+, as well as increased pricing. ESPN+ gained 400,000 subscribers during the quarter for a total of 25.3 million. Disney, however, lost 4 million subscribers at its Disney+ streaming service.

“From movies to television, to sports, news, and our theme parks, we continue to deliver for consumers while establishing a more efficient, coordinated, and streamlined approach to our operations,” Disney CEO Bob Iger said.

ESPN Layoffs

Despite the marginal improvements, the picture at Disney is far from rosy. 

The company has triggered multiple rounds of layoffs, many of which have affected ESPN. In doing so, Iger hoped to save $5.5 billion.

The first round at the sports network took place in April, where dozens of employees lost their jobs. Another round is rumored to take place this summer.

Copy Link
Link Copied
Link Copied

What to Read

College football is taking over Saturday night.

How College Football’s Biggest Games Took Over Saturday Night

Network competition and West Coast storylines helped college football stage a coup.

ESPN, Tiger-Rory Golf League Close To Long-Term Deal

New entity backed by Woods, McIlroy nears critical agreement
Toy Story

‘Toy Story’ Success Could Lead to More Disney-Branded NFL Kid-Casts

A successful ‘Toy Story’ game could open the door for other franchises.

Big 12 Entries Boosting Tickets, Merch For New Members

BYU, Cincinnati, Houston, and UCF joined the Big 12 in July.
podcast thumbnail mobile
Front Office Sports Today

Donovan McNabb and the State of Football


Featured Today

Ryder Cup’s Future Hanging In The Balance Amid Saudi Disruption

An unexpected change could be coming to the Ryder Cup.
September 29, 2023

Colorado Has Become the Hollywood of College Football. This Weekend Proves It.

Folsom Field will welcome dozens of Hollywood stars on Saturday.
Kansas City Chiefs tight end Travis Kelce on field after the game at GEHA Field at Arrowhead Stadium.
September 29, 2023

Taylor Swift Shaking Up Travis Kelce, Chiefs Prop Betting Market

Sportsbooks are capitalizing with Taylor Swift-themed prop bets.
Taylor Swift reacts while sitting next to Donna Kelce watching the Kansas City Chiefs vs Chicago Bears game during the first half at GEHA Field at Arrowhead Stadium.
September 28, 2023

Taylor Swift Is Affecting The NFL, Chiefs Ticket Markets

Swift will visit her second NFL stadium in as many weeks.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations
Jamie Erdahl and cast of NFL Network's "Good Morning Football."
September 28, 2023

Jamie Erdahl Reflects On Rapid Transition To Hosting ‘Good Morning Football'

Erdahl talked to FOS about her experience since taking over the morning show from longtime host Kay Adams in July 2022.
Taylor Swift at Chiefs vs. Bears game.
September 27, 2023

Taylor Swift NFL Hype Likely To Continue Another Week

Swift could drive blockbuster TV ratings for NBC's "Sunday Night Football."
Franchise expands broadcasting reach after reaching a deal with a local TV station.
September 27, 2023

Utah Jazz Launch Streaming Service Amid RSN Shakeup

An annual Jazz+ streaming pass will cost $125.50.
September 27, 2023

Will Sports Benefit From New Streaming Alliance?

Advocacy group involves many of sports streaming's largest players
Coach Prime bringing improved tv ratings.
September 26, 2023

Coach Prime's Colorado Changing College Football Viewing Habits

The excitement around Deion Sanders and Colorado is helping drive record September TV ratings for college football.
Chiefs-Bears was the most-watched NFL game on any network this week — averaging 24.3 million viewers on FOX.
September 26, 2023

CBS Nets 13-Year High in September NFL Viewership

This month’s NFL on CBS broadcasts averaged 18.69 million viewers.
Viewership for TNF on Amazon is up 21% through two weeks over last season.
September 26, 2023

Amazon Gets Back-to-Back 'Thursday Night Football' Ratings Wins

Amazon's TNF viewership is up 21% through two weeks over last season.