Would Disney run ESPN?


In the team’s first season with WNBA superstar (and Chicagoland native) Candace Parker, the Chicago Sky defeated the Phoenix Mercury to win their first championship – the 10th franchise in league history to accomplish. the feat.

Disney reportedly explored ESPN spin-off

Mark J. Rebilas-USA TODAY Sports / Design: Alex Brooks

As Disney expands its streaming business, it would consider removing its most related property to linear TV: ESPN.

Puck media noted that Disney CEO Bob Chapek asked his key associates to look into a possible ESPN spinoff. Several private equity firms have reportedly approached Disney about the possibility.

In a separate report, a person close to Disney who wished to remain anonymous called inaccurate reports.

The Mouse has found that the goals of its flagship sports network are sometimes at odds with other parts of the business.

  • Since ESPN orders $ 10 per cable subscriber per month from wired networks, Disney loses money whenever someone abandons their cable subscription for ESPN + ($ 6.99 per month or $ 69.99 per year).
  • ESPN is contractually bound to long-term rights agreements with linear suppliers. Disney CEO Bob Chapek mentioned the “constraints” on current rights deals in August when he discussed the possibility of combining Disney +, ESPN + and Hulu.
  • Disney + had 116 million subscribers as of July 3. ESPN + had 14.9 million.

A family-focused Disney split could allow ESPN to embrace sports betting more fully.

The company is reportedly seeking to license its name to a bookmaker under a deal worth at least $ 3 billion but has not yet launched its own betting platform.

Google’s purchase of Fitbit under regulatory control

Fitbit / Design: Alex Brooks

Google bought Fitbit in January, but for regulators in the US and Australia, it’s not a done deal.

The US Department of Justice and the Australian Competition and Consumer Commission, focused on antitrust laws, have yet to investigate the $ 2.1 billion deal, according to Rod Sims, who heads the Australian regulatory agency.

Sims explained on Friday that his agency was still determining whether the deal had any privacy concerns regarding the tech giant’s huge store of consumer data.

Google agreed to restrict the use of Fitbit data in its advertising targeting to gain approval from the European Commission in September 2020.

The acquisition of Fitbit represents Google’s major foray into wearables – it shares a wearable tech platform with Samsung – amid other big tech and fitness companies that fall into the category.

  • The Apple watch integrates with the company’s Apple Fitness + workout subscription program and regularly adds health tracking features.
  • Facebook and platoon both work on biometric tracking wearables.
  • Facebook explored the integration of data from its Oculus Move VR training system in Apple’s health app.

This is not Google’s first antitrust challenge.

Google last month deposit a call from a $ 5 billion fine issued by the European Commission on antitrust allegations regarding its Android operating system – the biggest such fine ever imposed by the governing body.

Another Crown gaming license in jeopardy

Crown Resorts / Design: Alex Brooks

Once considered a global gaming empire, Crown Resorts now faces a revoked license for its flagship casino.

A public inquiry into the Crown relevance of operating a casino in his hometown of Melbourne revealed a number of suspected illegal acts by the business, including unpaid taxes and money laundering.

The crown was judge unfit to operate its $ 1.7 billion Sydney casino in February – just months after it opened – due to similar charges. This verdict did not affect his sponsorship of shirt sleeves with South Sydney Rabbitohs rugby club.

However, several discussions of mergers and acquisitions around Crown have collapsed since the Sydney report, as further investigation of its Perth casino progresses.

  • Featured Entertainment withdrew its $ 9 billion merger proposal in July.
  • black stoneThe $ 6.2 billion offer was rejected in March.
  • Interviews with Oaktree Capital also collapsed.

Crown briefly took a more aggressive position in sports betting after taking over BetEasy in December 2014 and renaming it CrownBet three months later – only to sell it for $ 117 million in 2017 to reduce debt.

A suitability report on the location of the casino in Melbourne was presented to the Victorian government on Friday, but the findings will be stay private for the moment.

The Victoria Games Minister said the government publish its final decision on Crown’s operations in the Australian State by November 1.

Top NBA earners to win $ 714 million combined

Jayne Kamin-Oncea-USA TODAY Sports / Design: Alex Brooks

The king retained his crown – for an eighth consecutive year – after Forbes unveiled its ranking of the highest paid players in the NBA.

The 10 best employees in the league this season will pocket a total $ 714 million, up 28% from last season.

Quadruple NBA MVP LeBron James is expected to earn $ 111.2 million this coming season, between his salary of $ 41.2 million and about $ 70 million from off court companies.

Some of King James’ rivals and teammates aren’t far behind.

  • Golden State Warriors goalie Stephen Curry ($ 92.8 million)
  • Brooklyn Nets forward Kevin Durant ($ 87.9 million)
  • Milwaukee Bucks forward Giannis Antetokounmpo ($ 80.3 million)
  • Los Angeles Lakers goaltender Russell Westbrook ($ 74.2 million)

NBA players have been granted a salary cap almost doubled in the last decade. This season, the cap is $ 112.4 million with a luxury tax threshold at $ 136.6 million.

Off the field, the highest paid NBA players are expected to earn more than $ 305 million combined this season, surpassing last year’s record total of $ 260 million – when the NBA had to cut player salaries by 20% due to financial woes caused by the pandemic.

The league expects a return to pre-pandemic income levels for the 2021-22 season thanks to the return of live fans and increased sponsorship opportunities.

The 75th NBA season kicks off Tuesday.

  • South Carolina made Dawn Staley the highest paid Black women’s basketball head coach with a seven-year, $ 22.4 million contract.
  • MLS Commissioner Don Garber noted the major national leagues “don’t really have a vote” when it comes to deciding a biennial World Cup.
  • Kevin Durant and his manager Rich Kleiman entered a Partnership with Dapper Labs to promote its NBA Top Shot platform.
  • Fubo Sports is now a licensed NASCAR gaming operator.

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