The casino operator is paying $1.5 billion over the 10-year term with the right to extend the contract for another decade upon mutual agreement.
"They will work with Iger, ESPN Chairman Jimmy Pitaro and others to find the right match."
"The minority investment will aim to broaden distribution as ESPN works on executing “Project Flagship,” a plan to unveil a direct-to-consumer (DTC) offering."
"We believe that there are parties out there that can help us on the content side."
"While a deal with a league would make sense for ESPN, it does raise a number of ethical questions."
“What Bob said as part of this strategic negotiations was its likely before they finalize the NBA negotiations. That’s why it screams Comcast for me."
"By going the private equity route, Iger would have cover to manage the business more aggressively and move more quickly into sports gaming and streaming."
"It's an advertiser's dream. There's a great demographic there."
"On my first day back, we began making important and sometimes difficult decisions to address some existing structural and efficiency issues, and despite the challenges, I...
“Several potential successors have been mentioned in recent months.”