Apple and Disney already work together on a few things.
latest innovation in 2024, showcasing examples of how Marvel movies could be seen through the lens of the device, or even how fans could simulate a court side experience at an NBA game shown on ESPN.to help with the company's content and distribution. The announcement came as Disney stock continued to tank in the post-pandemic era. Disney share price was at nearly $200 per share in early 2021, but is below $85 per share today.
ESPN's potential for a big move further amplified after for the first time in history, Disney shared ESPN's financials last month and showed that in the last nine months until July 1, ESPN had profited nearly $1.5 billion. "I believe that ESPN is the asset that ultimately will buy," Ives said on Bloomberg Surveillance on Wednesday.He believes Apple has seen the opportunity in the space given the early success of its exclusive deal with Major League Soccer priced at $250 million per year.
Dan Ives of Wedbush expects Apple to look at M&A."I believe ESPN is the asset that ultimately they will buy."Disney and Iger brushed off thoughts that that it would be selling ESPN during its Q3 investor relations call in August.The network already has its fair share of media rights deals such as with the NBA and NFL.
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