From CNBC:
Walt Disney (DIS) chief Bob Iger said Monday he sees ESPN as a media property that could be eventually sold directly to consumers like Time Warner (TWX)'s HBO, but not in the next five years.
"If we end up seeing more erosion in the so-called multichannel [cable and satellite TV] bundle, quality will win out," he told CNBC's " Squawk Box ."
"While the business model may face challenges over the next few years, long term for ESPN ... they'll be fine. They have pricing leverage, too," Iger said. "Disney [Channel] is another ... brand and product that could be sold directly to the customer."
http://finance.yahoo.com/news/disney-ceo-iger-espn-could-122601621.html#
Walt Disney (DIS) chief Bob Iger said Monday he sees ESPN as a media property that could be eventually sold directly to consumers like Time Warner (TWX)'s HBO, but not in the next five years.
"If we end up seeing more erosion in the so-called multichannel [cable and satellite TV] bundle, quality will win out," he told CNBC's " Squawk Box ."
"While the business model may face challenges over the next few years, long term for ESPN ... they'll be fine. They have pricing leverage, too," Iger said. "Disney [Channel] is another ... brand and product that could be sold directly to the customer."
http://finance.yahoo.com/news/disney-ceo-iger-espn-could-122601621.html#
