Comment on Disney Earnings Give a Look at How ESPN Is Facing the Future

Disney Earnings Give a Look at How ESPN Is Facing the Future

When most people think of Walt Disney (NYSE: DIS), they picture Mickey Mouse in front of the Magic Kingdom. When Wall Street analysts think of Disney, they might be more focused on ESPN's SportsCenter. That's because while Disney is the dominant global movie studio (with Disney, Pixar, Marvel, and Star Wars) and a global theme park operator, the company still earns over half of its operating income from its media networks segment, where ESPN resides.ESPN makes up the majority of the segment, and by my estimates, as much as 35% of Disney's total operating income.

 

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