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Investors Cheer as Disney (DIS) Adds ESPN Sports to Its Streaming Platform

Story Highlights

– Streaming services are turning to sports to drive subscriptions.
– ESPN content is now available on Disney+ in 100 territories worldwide.

Investors Cheer as Disney (DIS) Adds ESPN Sports to Its Streaming Platform

Sports content from the ESPN network is being added to Walt Disney Co.’s (DIS) flagship streaming platform in an additional 53 countries and territories worldwide.

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With the additions, ESPN content is now available to sports fans via the Disney+ streaming platform in a total of 100 markets globally. The latest expansion comes as Walt Disney moves to make more of its content available on its main Disney+ streaming platform and simplify matters for consumers.

It also comes as rival streaming platforms such as Netflix (NFLX) and Amazon (AMZN) add more live sports in a bid to boost subscriptions. The new countries and territories getting access to ESPN on Disney+ include the European Union, as well as Asia-Pacific markets such as Japan, Korea, Singapore, Taiwan and Hong Kong.

The Battle for Subscribers

In a written statement, Disney said, “Sports and live events are an essential part of our Disney+ content library, and we’re excited to build on the success we’ve already had with sports fans, as we bring more of ESPN to Disney+ subscribers in Europe and APAC.”

Sports has been shown to be a major driver of streaming subscriptions. The ESPN content available to Disney+ subscribers will include thousands of live events and coverage of NBA basketball and NHL ice hockey starting with the 2026-27 season. The lineup will also include college sports as well as ESPN’s “30 for 30” documentary series.

Is DIS Stock a Buy?

Walt Disney’s stock has a consensus Strong Buy rating among 21 Wall Street analysts. That rating is based on 18 Buy and three Hold recommendations issued in the last three months. The average DIS price target of $132.67 implies 38% upside from current levels.

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