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Disney inks deal with MLB and LaLiga to ESPN+ as streaming revenue slows

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Disney is expanding its presence in the wide world of sports.

Disney has signed on a new seven-year agreement with Major League Baseball and an eight-year pact with Spain’s LaLiga soccer league.

This is latest in a series of sports-programming deals by the entertainment giant of the world.

It’s already the parent of ESPN and now set to broadcast 30 regular MLB games per season.

The soccer deal gives ESPN+ rights to the English and Spanish-language coverage of LaLiga.

It’s all part of ESPN sports-rights renewal binge that’s been happening this year.

Is this a bid to boost subscribers to Disney affiliated networks? The two sports deals represent a big financial commitment. 

“ESPN’s longstanding relationship with Major League Baseball has been a driver of innovation for three decades,” ESPN Chairman Jimmy Pitaro said in a statement.

“This agreement solidifies baseball’s ubiquitous presence across ESPN platforms, including ESPN+.”

According to Bloomberg, Disney will pay $175 million a year for soccer, according to a person familiar with the matter, which would be more than the Premier League’s deal with Comcast Corp.’s NBC.

“For the baseball deal, the sports news site the Athletic reported earlier this year that Disney could be paying as much as $150 million a year less for the package,” Bloomberg said.

It previously had an eight-year deal worth $5.8 billion for considerably more games.

This follows Walt Disney Co missing analysts’ estimates for quarterly revenue.

The slump is being blamed on a decrease in new subscribers to Dinsey Plus and operations at its theme parks remaining restricted.

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TikTok’s fate in the United States

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TikTok’s fate in the United States has never been more in doubt.

Congress approved a bill, which President Joe Biden signed into law that gives its Chinese parent company two options: sell it to an approved buyer or see it banned.

But now, the owners of the popular social media app says they’re preparing to challenge the statute in court.

Andy Keiser a Senior Fellow at the National Security Institute, and a Former Senior Advisor for the House Intelligence Committee joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #business #socialmedia #TikTok #TikTokban #nationalsecurity

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Writer’s strike fallout: theatres recycling films in lieu of fresh content?

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In an industry constantly looking towards the future, anniversary re-releases offer a welcome opportunity to celebrate the past.

In an era of nostalgia, anniversary re-releases of classic films like “Star Wars Episode 1: The Phantom Menace,” “Spider-Man 2,” and “Shrek 2” are captivating audiences anew.

From the thrill of podracing to the iconic battles between heroes and villains, these films offer a chance to relive cherished moments on the big screen.

Tobey Maguire’s Spider-Man swings back into action, Shrek and his crew return for another hilarious adventure, and the galaxy far, far away beckons once more.

As fans of all ages flock to theaters, these timeless classics remind us why great storytelling endures, bridging generations and captivating audiences with their magic.

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The ongoing alcohol related research many ignore

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New research shows the impact of alcohol on our gut microbiome.

Alcohol affects gut microbes, potentially leading to gut imbalance and heightened cravings.

Research suggests moderate drinkers have healthier gut microbiomes. While red wine consumption may enhance gut diversity, similar benefits can be found in plant-based and fermented foods. Dysbiosis may worsen addiction, highlighting the need for holistic approaches to treatment.

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