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Disney CEO Says Sports Betting Is a Reason for Keeping ESPN

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Bob Chapek
Bob ChapekPhotographer: Patrick T. Fallon/Bloomberg

Walt Disney Co. Chief Executive Officer Bob Chapek said the ESPN sports networks are critical to his overall vision of the company, one that involves more direct connections to consumers, including wagering on sports.

“Sports betting is a part of what our younger, say, under-35 sports audience is telling us they want as part of their sports lifestyle,” Chapek said in an interview at Disney’s D23 fan event in Anaheim, California. Asked if the company was developing an ESPN sports-betting app, Chapek said: “We’re working very hard on that.”