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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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Snap elections shake Macron’s government

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What lies ahead for the French government?

Euro Bloch is a comprehensive program designed to highlight the breadth of topics and issues within the EU political landscape. It offers insightful analysis within the evolving framework of relations between the European Union and Australia/Asia-Pacific region.

Hosted by Ticker EU correspondent, Natanael Bloch.

In this episode, Natanael sits down with Ahron Young to discuss the latest developments following the recent French snap elections. #euro bloch #trending

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Money

Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Money

Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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