Reportedly, Walt Disney Co’s (DIS) ESPN is in close talks to enter a new partnership deal with sports-betting firm DraftKings Inc. The collaboration will allow the sports broadcaster to capitalize on the growing wave of legalized sports betting.
ESPN has been looking to license its brand to major sports-betting companies for at least $3 billion over several years to gain out of the booming online betting industry. Disney holds a stake in DraftKings, which it acquired as part of its acquisition of Twenty-First Century Fox’s entertainment assets in March 2019.
Dow 30 Component, The Walt Disney Company (DIS), and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media. To learn more about this Dow 30 Component, The Walt Disney Company (DIS), and to continue to track its progress please visit the Vista Partners Walt Disney Company, Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also provides select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.
