Jake is a Football and Entertainment betting expert, with a Man City season ticket and a deep knowledge of reality TV betting angles
- Apple are odds-on to purchase majority stake in ESPN at some point before end of 2024
- Amazon are also short in the market with giant company dipping toes in Sports streaming
- Who currently owns ESPN?
Apple are odds-on to purchase majority stake in ESPN at some point before end of 2024
American cable sports channel ESPN could well be up for grabs in the near future with Apple the favourites to buy a majority stake in the company according to latest betting odds.
The Walt Disney Company currently owns an 80% majority stake in the company after purchasing ESPN's parent company way back in 1996.
Recent reports from Business Insider say that Disney CEO Bob Iger is looking for distribution partners to help ESPN go direct to the consumer.
Now Apple are 1/2 to purchase a majority stake in ESPN with Iger potentially looking to strip down Disney and ESPN would be one of the parts that would be most attractive to sell.
To buy a majority stake of ESPN in 2023 or 2024 | Odds | Probability |
---|---|---|
Apple | 1/2 | 66.7% |
Amazon | 2/1 | 33.3% |
Blackstone | 8/1 | 11.1% |
KKR | 12/1 | 7.7% |
Apollo | 12/1 | 7.7% |
What the expert says...
Bookies now give a 66% chance that Apple buys a majority stake in ESPN amid reports that ESPN are looking to move to streaming in the near-future.
Amazon are also short in the market with giant company dipping toes in Sports streaming
Amazon are the second favourites in the betting market at 2/1 with the tech giants recently in discussions with ESPN to be a strategic partner.
Recent reports from The Information back in August this year say that Amazon had been in early talks with Disney around working on the streaming version of ESPN.
Part of this report says that Amazon could also take a minority stake in ESPN but OLBG imagines if talks go even better than thought then it could be that a majority sale happens.
Entertainment Betting Sites: 64 Bookmakers Compared on Reality TV, Entertainment and Novelty Bets
Who currently owns ESPN?
ESPN are currently owned by by The Walt Disney Company (80% and operational control) and Hearst Communications (20%).
The company is a basic cable sports channel and it's perplexing how in 2023 there has yet been a move to streaming but this is what Disney are currently working on.
Disney CEO Bob Iger has said in recent months that the company are looking for a 2025 or 2026 date for ESPN to be a streaming service as well as cable.
Approximately 76 million households in the US currently have access to ESPN through cable and it'll be interesting to see if that number soars with streaming added.
No Comments
There are no comments here. Be the first to comment...
Keep Reading
Tony Awards Betting Odds: Jonathan Groff is the HEAVY FAVOURITE to win the Leading Actor In A Musical Tony this year with the show taking place in June!
Bookies now offer odds on the Tony Awards with the show taking place next month with OLBG focusing on the musical categories
Continue ReadingGeneral Election MP Seat Specials: Bookies are now offering odds on Jeremy Corbyn, George Galloway, Nigel Farage and Boris Johnson now winning seats at the next General Election!
Bookies now offer betting odds on big names in UK Politics winning seats at the next General Election with Jeremy Corbyn, George Galloway, Nigel Farage and Boris Johnson all featuring in the market.
Continue ReadingDeadpool & Wolverine Betting Specials: Wrexham striker Paul Mullin now 6/4 to appear in the new Deadpool & Wolverine movie with cameos expected!
Wrexham's superstar striker Paul Mullin is now the clear favourite to make a cameo in the new Deadpool & Wolverine movie with Wrexham's co-owner starring as the title character once again!
Continue Reading