ESPN Drags Down Disney's First-Quarter Sales

The video discusses Disney's financial challenges, focusing on ESPN's revenue and subscriber issues. It highlights the impact of the NBA contract on expenses and the need for a competitive streaming strategy. The discussion also covers ESPN's content rights and the importance of maintaining revenue from pay TV bundles. Disney's financial performance is analyzed, noting a miss in operating profit expectations.

What financial impact does the NBA contract have on ESPN's expenses?

What was the operating profit for Disney's cable networks in the first quarter, and how did it compare to the consensus estimate?