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Disney Releases Data On ‘Woke’ ESPN

via Pixabay License

Disney-owned ESPN has experienced a 20% drop in profits over the first nine months of the year, largely due to a loss of subscribers and increasing sports broadcast rights fees.

Despite laying off top employees and a decline in cable viewership, the network’s operating income fell to $1.48 billion, down from $1.85 billion the previous year.

The shift towards streaming services and the rising costs of sports broadcast rights contribute to ESPN’s financial challenges. (Poll: Will You Shop at ‘Woke’ Companies? VOTE)

“Revenues for Disney’s sports division were $13.2 billion over the first nine months of fiscal 2023, a 1.3% drop compared to the same period in FY 2022 ($13.37 billion),” according to Front Office Sports.

The report added that the network had an operating income of $1.48 billion between Jan. and July.

This is a 20 percent drop over the $1.85 billion earned last year.

Cable is suffering a loss of subscribers by the millions as Americans move their entertainment dollars to streaming services.

Cable viewership hit a new low in July, dropping below 50 percent of total TV usage in the U.S.

Additionally, despite Disney’s claims of dialing back left-wing politics, ESPN recently launched a show on racism hosted by controversial figure Ibram X. Kendi.

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