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CNBC
173 days

Venu is done. Here's how Fox, Disney and WBD plan to go it alone in sports streaming

1. Disney's Venu joint venture with Warner Bros. and Fox was canceled. 2. Disney will focus on a new direct-to-consumer ESPN app after Venu's collapse. 3. Fox plans to launch its own sports streaming service, stepping into direct-to-consumer space. 4. Media companies are cautious about rising sports rights costs affecting their streaming strategies. 5. Disney's ESPN is adjusting its offerings to capture a younger audience in streaming.

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FAQ

Why Bullish?

Disney's pivot towards direct-to-consumer streaming, particularly with ESPN, is strategically sound. This move could consolidate their position in live sports streaming despite competitive pressures.

How important is it?

The article significantly discusses strategic shifts by Disney in the competitive streaming landscape, directly influencing future revenue and growth potential.

Why Long Term?

The success of the new ESPN app and strategy reorientation may take time to reflect in stock performance, influenced by subscription growth and market share acquisition.

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