Disney's Crown Jewel: Why ESPN Is Worth $50 Billion

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July 7 (Bloomberg) -- Bloomberg’s Jon Erlichman examines ESPN’s contribution to Disney’s bottom line. He speaks on “In The Loop.” (Source: Bloomberg)


Jon erlichman joining me with much more.

I have read valuations of espn upwards of $60 billion.

That would be bigger than almost every other media company out there except maybe 20th century fox.

They are big numbers.

A lot of people talk about it being the crown jewel in the disney empire.

Financials speak to that.

The commercial sports business is largely fueled by espn and others.

It is about 1/3 of the company's overall revenue.

A lot of the profitability power comes from espn, advertising, and what they are able to charge pay-tv operators.

They say look at everybody watching espn.

They are watching the world cup.

We will keep charging you a lot of money.

They went on the ratings are great because they are able to satisfy advertisers.

They are able to say to the cable companies who sometimes wonder about the high fees they are paying for sports channels to say this is what people want to watch.

What about john skipper?

Is he seen as a possible successor to bob iger?

Skipper's name does not come up all the time in secession talks with disney.

It is more common for the cfo to come up.

But certainly there are a lot of reasons for skipper's name to come up, because of the power is pn has and his general way which is a casual, charming approach.

I think there is this need for espn to stay strong and relevant.

He will be the first to say he is more concerned with espn's staying relevant and innovative and to stay on top as opposed to concerns about going for the rights to future sporting events, etc.

It is almost like he is in the best place he can be right now.

Sitting pretty from this.

Thank you, jon erlichman, our senior west coast correspondent.

Moving and shaking, former secretary of state hillary clinton.

She appears to be setting herself up for a president to run by distancing herself from the president.

Quentin is sounding a more pessimistic note about the economy than her former boss.

She told the audience americans do not think the economy has recovered in a way that is helped them or their families.

She has also suggested she would do more to try to strike deals

This text has been automatically generated. It may not be 100% accurate.


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