Oh man! It’s getting real for Mickey Mouse & Co.!
Disney is losing a crazy amount of money after a new SEC filing Wednesday from the pro-CCP company revealed that their ESPN profits have dropped a whopping 20% in the first nine months of this year.
Dropping down to $1.48 billion is their four-letter network’s operating income, while revenue has fallen to $13.2 billion, which is a decline of 1.3%.
The figures are the first time ever that the public has had access to ESPN’s numbers.
In an attempt to save money, Mickey Mouse’s sports division had a streak where they laid off around 20 on-air talents per month, which included big names such as Steve Young, Jalen Rose, Jeff Van Gundy, Suzy Kolber, Max Kellerman, David Pollack and LaPhonso Ellis.
Profits from Disney’s sports segment, home to ESPN, declined 20% in the first nine months of its fiscal year, according to a new filing that offers a clearer look at the toll cord-cutting is taking on the business https://t.co/PCrr1FZo9q
— The Wall Street Journal (@WSJ) October 19, 2023
Boy oh boy, am I loving this — both as a Disney hater and a fan of ESPN, well, the old ESPN that I want back.
Back in July, I blogged about how Disney CEO Bob Iger said that his radical leftist empire was open to selling a portion of their television networks, and I put a particular focus on ESPN. So with this latest report regarding them losing a massive amount of money from the four-letter network — that THEY’RE destroying — I hope it pushes them further into that direction.
I mean, damn, they’re obviously killing the company. Numbers don’t lie. (RELATED: Dolphins Or Eagles? Lions Or Ravens? Jaguars Or Saints? Andrew Powell Makes His NFL Week 7 Picks)
Just sell ESPN, Bob. Just do it like Nike.