The Disney CEO added that the company is looking for strategic partners for ESPN on its direct to consumer business.
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On the Disney earnings call Wednesday, Iger said he believes the partnership can grow both the ESPN and Penn businesses. “We’ve been in discussions with a number of entities over a fairly long period of time. It’s something that we’ve wanted to accomplish, obviously, because we believe there’s an opportunity here to significantly grow engagement with ESPN consumers, particularly young consumers,” Iger said.
“And Penn. Why Penn? Because Penn stepped up in a very aggressive way and made an offer to us that was better than any of the competitive offers by far. And we liked the fact that Penn is going to use this as a growth engine for their business. And that we actually believe and trust in their ability to, in this partnership, grow their business nicely, while we grow ours,” he continued.
ESPN Bet is planned to launch this fall in the 16 states where Penn has sports betting licenses. This replaces Penn’s Barstool Sportsbook. As part of the deal, Penn sold Barstool back to founder Dave Portnoy, who
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ESPN Launches Sportsbook in Partnership with Penn EntertainmentPenn Entertainment and Disney's ESPN have partnered to launch a sportsbook called ESPN Bet. This will be the first time ESPN's brand is featured on a sports-betting platform. ESPN Bet will take over Penn's Barstool Sportsbook and become ESPN's exclusive operation. It is set to launch in the 16 legalized betting states this fall. ESPN had been searching for a sports-betting partner for a while.
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ESPN to launch new sports betting platformESPN is set to launch a new sports betting platform this fall in the 16 states where sports betting is legal and Penn Entertainment is licensed. The move comes after ESPN acquired a majority stake in Barstool Sports in February, with Barstool Sports founder Dave Portnoy stating that the regulated industry is not the best fit for their content. This new platform will provide ESPN with the opportunity to expand its offerings and cater to the growing demand for sports betting.
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Billy Porter Forced to Sell House Due to Strikes, Slams Bob IgerEmmy winner Billy Porter announces in an interview that he has to sell his house because of the ongoing strikes in Hollywood. He criticizes Bob Iger for calling the demands of WGA and SAG-AFTRA strikers unrealistic.
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Billy Porter Slams Bob Iger, Says “I Have to Sell My House” Due to Ongoing Strikes'The life of an artist, until you make f***-you money — which I haven’t made yet — is still check-to-check,' the actor explained in a recent interview. The actor also referenced a report from Deadline last month that quoted an anonymous studio executive, who said studios won’t return to the table with the Writers Guild until “union members start losing their apartments and losing their houses.
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Billy Porter Forced to Sell His House Due to Bob Iger's ActionsBilly Porter, the Emmy-, Grammy-, and Tony-winning actor, is being forced to sell his house due to the actions of Bob Iger, the CEO of Disney. Porter, who starred in Pose on FX, passionately spoke out about the need for updated contracts in the streaming age and criticized Iger for dismissing demands for a living wage. Porter's financial struggles highlight the challenges faced by artists who have yet to achieve financial stability in their careers.
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