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Disney finally revealed how many billions ESPN pulls in.
The Front Office Sports Today podcast has a segment digging into the annual 8-K financial report released by Disney this week.
For the first time, it includes ESPN’s revenue and profit details — handy timing if you’re hoping someone will buy a part of the sports network — showing that even with the cable market much smaller than it was a few years ago, in 2022 it had $16 billion in revenue and $2.9 billion in profit. That probably explains why Netflix is about to test a live sporting event too.
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