President @realDonaldTrump ,
You are challenging powerful interests and confronting structures that have operated comfortably for decades.
You have the support of millions in the defense of law and the Republic.
We stand with you. God Bless you.
La "oposición" que hoy perdió prácticamente todo, es la más perdedora de la historia y es la que más dinero ha tenido.
¿Quiénes serán los responsables de la DERROTA MÁS VERGONZOSA para la oposición?
Los culpables tienen nombre y un boleto al Senado de la República.
A mí estas ratas no me van a doblar… ni ellos, ni todos los propagandistas del #BañaGatos de monsi, vengan se van a topar con pared, ustedes ya se van, les quedan 4 meses, nada más.
Así que a mis sobrinos les digo, opongamos resistencia y no cedamos ante el abuso de la #PresidenciaImperial. Si les gusta el video denle me gusta y RT.
Salgan a votar este 2 de Junio por la menos peor!!!
ESPN has released its financials for the first time ever.
• $16 billion in annual revenue
• $2.9 billion in annual profit
Even crazier, ESPN drives more annual profit for Disney than the company's entire entertainment division.
But not everything is perfect.
Here's what you need to know 👇
Disney CEO Bob Iger announced earlier this year that the company is changing how it reports quarterly financials.
There will now be three categories:
1. Experiences (Parks & Products)
2. Entertainment (Streaming, TV, Movies, Etc.)
3. Sports (ESPN)
This is the first time that we've gotten a peak behind the curtain into ESPN's financial results.
Here are the highlights:
1. ESPN is a major cash cow for Disney
ESPN delivered $16 billion in revenue in fiscal 2022 and had profits of $2.9 billion.
That's significantly less revenue than Disney's entertainment division (Streaming, TV Networks, Movie Studios, etc.) at $39.6 billion.
Disney's Annual Revenue
• ESPN: $16 billion
• Streaming/TV/Movies/Etc.: $39.6 billion
But ESPN has better margins and still brought in more annual profit than the entire entertainment division.
Disney's Annual Profits
• ESPN: $2.9 billion
• Streaming/TV/Movies/Etc.: $2.1 billion
The majority of ESPN's revenue comes from the affiliate fees that cable companies pay to distribute ESPN ($10.1 billion), with a smaller amount of ESPN's annual revenue coming from advertising ($4.4 billion).
But that is changing as we speak....
2. ESPN's financials are headed south
It's true that ESPN is far from being the failure many people like to claim it to be — but it's also true that the business is not as good as it once was.
For example, we've gone from 100 million pay-TV households in the United States to about 70 million over the last decade.
Add in the fact that sports rights keep getting more expensive because it's the last thing holding the cable bundle together, and it's no surprise that ESPN has seen its revenues drop 35% over the first nine months of 2023.
That's why ESPN has been pushing people to ESPN+.
The streaming service currently has 25 million subscribers, which sounds great.
But ESPN+ lost subscribers for the first time ever last quarter, and many people are only signing up because it's included as part of a package deal with Disney+ and Hulu.
So, while ESPN is still a cash cow for Disney today ($2.9 billion in annual profit!!), the future looks less promising than it once did.
That's why ESPN has been cutting jobs and is now reportedly looking to partner with companies like Apple or Amazon to increase distribution.
If you enjoyed this post, follow me @JoePompliano.
I break down the most interesting stories in sports business every day.
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.
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