Dade Hayes Finance EditorA confluence of factors makes now the time for Disney and ESPN to migrate sports broadcasting into the direct-to-consumer streaming world, according to a veteran media analyst.Ben Swinburne of Morgan Stanley wrote in a note to clients Wednesday that Disney, thanks to the scale of ABC and ESPN, its early streaming success with Disney+ and its control of Hulu, “may be uniquely positioned to take the leap.” He reaffirmed his “overweight” rating on Disney’s stock, raising his 12-month price target to $135.
Disney shares were trading Wednesday at around $115.The pay-TV bundle is continuing to unravel, Swinburne argues, and general entertainment viewership is increasingly happening on streaming services.
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.