Re:20 years ago, Apple bought NeXT
by adventured on Wednesday December 21, 2016 @01:49AM
(#13227288)
That's no longer the case. ESPN has seen its profitability roughly slashed in half in the last four years. Simultaneously they're rapidly bleeding subscribers while they've overpaid for sports rights at exactly the wrong time.
ESPN is at about $9.5b to $10b in sales for 2016 and $1b in operating income. Those numbers will decline until operating income is closer to $300m-$500m in the next few years.
By comparison, Disney did $9.3b in net income for 2016 ($14.2b operating income). ESPN is down to being closer to 10% to 15% of Disney's profits and 18% on sales. As a business it's a looming disaster of value destruction from the former peak.
ESPN is at about $9.5b to $10b in sales for 2016 and $1b in operating income. Those numbers will decline until operating income is closer to $300m-$500m in the next few years.
By comparison, Disney did $9.3b in net income for 2016 ($14.2b operating income). ESPN is down to being closer to 10% to 15% of Disney's profits and 18% on sales. As a business it's a looming disaster of value destruction from the former peak.