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Kareem Daniel Leaving Disney After Bob Iger Reassumes Role as Company CEO

“This is a time of enormous change and challenges in our industry, and our work will also focus on creating a more efficient and cost-effective structure.”

Jordan Bondurant

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Bob Iger is back as the CEO of Disney, and one of the first moves he made was to announce a company restructure. Part of that restructure includes the departure of Kareem Daniel, the chair of Disney Media and Entertainment Distribution (DMED).

DMED was formed under now-previous CEO Bob Chapek. The division manages Disney’s streaming services which includes ESPN+.

Daniel was considered one of those closest to Chapek. Iger announced Daniel’s departure in a memo to employees at DMED.

“It is my intention to restructure things in a way that honors and respects creativity as the heart and soul of who we are,” Iger said in the memo. “As you know, this is a time of enormous change and challenges in our industry, and our work will also focus on creating a more efficient and cost-effective structure.”

ESPN president Jimmy Pitaro will join other company leaders in coming up with a new company structure that Iger hopes “puts more decision-making back in the hands of our creative teams and rationalizes costs.”

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Andrew Feldman to Lead ESPN Digital Sports Betting and Fantasy Group

“I’ve worked with an incredible team across ESPN to take our MMA, Boxing and Wrestling coverage to the next level,”

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Graphic for ESPN Digital Media and a photo of Andrew Feldman
Photo: Andrew Feldman LinkedIn Account

Andrew Feldman, who is coming up on 20 years at ESPN, today announced he is moving from combat sports to betting and fantasy. Feldman was the Senior Editor for ESPN Fantasy, Gaming, WWE, Boxing and MMA before taking over just the ESPN Digital Combat Sports Team. Today, he said he is headed “back home, ready to lead ESPN Digital’s Sports Betting and Fantasy Sports group.”

“I’ve worked with an incredible team across ESPN to take our MMA, Boxing and Wrestling coverage to the next level,” Feldman also posted on X as he thanked several of his colleagues.

According to his LinkedIn account, Feldman started with ESPN in June, 2004.

Feldman used to be the editor and manager for the ESPN poker product since its inception in 2005 and he co-hosted ESPN Inside Deal and hosted ESPN’s Poker Edge Podcast.

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Amazon Prime Video Reportedly Set to Land NBA Package

The expectation is that new NBA media rights deals will be for a 10-year period.

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Logos for Amazon Prime Video and the NBA

After a report earlier today from John Ourand of Puck said ESPN and the NBA “have essentially come to terms on a package,” a new report from The Athletic’s Andrew Marchand says Amazon Prime Video will be one of at least three main players in the overall NBA media rights package.

Marchand reports the NBA and Amazon “have the framework of a deal,” and that it will include “significant regular season and postseason games, perhaps even conference finals.” With the current agreement expiring after next season, it is expected the Amazon deal would start in 2025-26.

Ourand’s reporting suggests Warner Bros. Discovery has had “productive” talks with the league. Marchand mentions NBC and WBD potentially battling to be the third partner or the potential of the NBA partnering with four outlets. It is believed ESPN will have around 20 regular season games cut from its package to make room for at least an additional partner, but Disney will keep the NBA Finals on ABC.

The expectation is that new NBA media rights deals will be for a 10-year period. The league is looking to grow on the $2.6 billion average per year it is getting now from ESPN and TNT Sports.

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Peacock Revenue Increases 54% Year Over Year in 1st Quarter

Comcast’s Peacock added 3 million subscribers in the first quarter of 2024, which was helped by the exclusive airing of the Chiefs-Dolphins playoff game.

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Comcast’s Peacock added 3 million subscribers in the first quarter of 2024, which was helped by the exclusive airing of the Chiefs-Dolphins playoff game, the company said in its earnings report this week. The report also said revenue increased 54% year over year from $685 million to $1.1 billion. In total, Peacock lost $639 million compared to a loss of $704 million the prior year.

“Peacock remains one of the fastest growing domestic streamers with impressive acquisition, retention and engagement trends,” Chief Executive Brian Roberts said in a release. 

In total, Peacock subscribers have climbed 55% year over year to reach 34 million. While domestic advertising revenue was flat, the expectation is the upcoming Paris Olympics will boost the advertising dollars for the year.

The Chiefs-Dolphins game on Saturday January 15 was the most streamed event ever in the United States, drawing 23 million viewers. Engagement with the playoff game accounted for the largest internet event in history, according to this data, with 30% of internet traffic prioritizing the game.

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