Disney says domestic sports costs will be $170M higher in Q1

[CL82]

On the Q4 earnings conference call Disney executives said that at cable, domestic sports rights costs will be $170M higher in Q1 versus last year, driven by increases in college football, NFL, and NBA programming.

Link

Just another indicator of the potential value of our new contract. A rising tide floats all boats.

 

[mavblues]

While it may be true that a rising tide lifts all boats, just remember that a wet bird never flies at night.

 

[Carl Spackler]

$170 mill is quite literally spare change for Disney. ESPN, is generating $10 BILLION a quarter for disney. 57% of the entire Disney corporation profit margin in the most recent quarter - was ESPN.

THe mouse has turned ESPN into a corporate monster. The problem the mouse will face though, is that collegiate sport, led by football and basketball, is not scripted entertainment for people. It's even much different than professional sport. Sooner or later, the way that the mouse likes to manipulate their entertainment products is going to come back and haunt them when it comes to intercollegiate athletics.

ESPN needs some healthy competition in the market. That's for sure.

 

[huskymedic]

While it may be true that a rising tide lifts all boats, just remember that a wet bird never flies at night.

High water covers all the stumps...

 

[businesslawyer]

I read the heading as "Domestic sports coats" and thought I'd only be buying imported from now on.

 

[ZooCougar]

A moist eagle flies at dusk.

 

[uconnfan68]

$170 mill is quite literally spare change for Disney. ESPN, is generating $10 BILLION a quarter for disney. 57% of the entire Disney corporation profit margin in the most recent quarter - was ESPN.

THe mouse has turned ESPN into a corporate monster. The problem the mouse will face though, is that collegiate sport, led by football and basketball, is not scripted entertainment for people. It's even much different than professional sport. Sooner or later, the way that the mouse likes to manipulate their entertainment products is going to come back and haunt them when it comes to intercollegiate athletics.

ESPN needs some healthy competition in the market. That's for sure.

Can I have some of that Kool-Aid you have? ESPN is a huge part of Disney's profits, but not at the 57% mark, nor the $10B/q mark.

 

[mavblues]

A moist eagle flies at dusk.

Back when I was @ UCONN, I took a road trip to BCU and met several moist eagles. They definitely do fly at dusk.