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24Kitchen To Cease Transmission In Turkey By The End Of July, More Countries Likely To Follow
Rumour: Disney CEO Reportedly Planning To Sell Disney To Apple After Projecting $800M Loss
In a move that would shake up the entertainment industry, Disney CEO Bob Iger is reportedly planning to sell the company to Apple. The news has sent shockwaves through the industry, with many analysts and investors questioning the logic of the deal.
There are a number of potential benefits to a Disney-Apple merger. First, the deal would create a media giant with unrivaled reach and scale. Disney’s vast library of content, combined with Apple’s global distribution network, would create a powerhouse that could dominate the streaming wars. The merger would allow Disney to accelerate its transition to a streaming-first business. But why is Disney’s CEO Bob Iger so keen on selling when he’s known as someone who builds, not breaks?
The deal of the century
There are ongoing rumors in the industry that Bob Iger, who was recently reappointed as the Chief Executive Officer of Disney, is planning on selling the company in its entirety after having already made up his mind about selling the company’s television assets. This could be because the company’s streaming division is currently looking at possibly $800 million in losses in its recently ended third quarter, according to sources.
Bob Iger returns to Disney after a 2-year retirement
Apple is already a major player in the streaming market, with its Apple TV+ streaming service. If this merger happens, it would give Disney access to Apple’s expertise and resources, which would help it grow its streaming business faster than ever before. The merger would also allow Disney to expand its reach into newer markets.
Apple has a strong presence in China, where Disney has struggled to gain traction. The merger would give Disney access to Apple’s Chinese customers, which would be a major boost for the company’s growth.
Is a merger between the two companies actually possible? And is it a good idea?
However, there are also some potential drawbacks to a Disney-Apple merger. First, the deal would raise concerns about antitrust regulation. The combined company would have a significant amount of market power, which could lead to higher prices for consumers.
Apple CEO Tim Cook
The folks at AppleInsider also claim that a deal this size is not very possible, and that is even if Apple has the kind of loose change lying around to buy Disney. Some time ago, a US judge denied a merger between two leading publishing houses just because a merger would mean lesser advances to their authors and cutting competition.
This means that if we consider even for a second that a deal as massive as Apple buying Disney were to go down, it would be happening through federal regulators of the United States.
Bob Iger is reportedly looking for an heir.
Second, the deal could lead to job losses. Disney and Apple are both major employers, and the merger could result in layoffs as the two companies consolidate their operations. Third, the deal could be seen as a sign that Disney is giving up on its own streaming business. Disney has invested heavily in its streaming services, such as Disney+ and Hulu.
The potential benefits and drawbacks of a Disney-Apple merger are complex and far-reaching. It remains to be seen whether the deal will actually happen, but it is clear that if it happens, it would have a significant impact on the entertainment industry.
Disney To Close ESPN Player Across Europe, Middle East & Africa
Disney has announced that it will be closing down the ESPN Player streaming service, which operates across Europe, Africa, the Middle East and parts of Asia, on August 18th 2023. ESPN Player offers a variety of sports, including basketball, baseball, American football, and many other sports. There are thousands of live events & on-demand content, including ESPN Films plus four 24/7 ESPN TV channels.
Here’s the official statement:
ESPN Player to close on August 18th, 2023
We want to inform you that ESPN Player will be closing on August 18th, 2023. We appreciate your support over the years.
As of August 18th, you will no longer be able to stream live sports, replays, or on-demand content on ESPN Player. You will also be unable to access any of your ESPN Player account information.
ESPN Player has been running for years and was operated by Endeavour Streaming. However, the platform has been neglected in recent years, with the app only available on a very limited number of devices like Android and Apple tablets and smartphones. So you couldn’t watch ESPN Player on your big screen through a Smart TV app or console. I myself wanted to get ESPN Player earlier this year to watch the XFL, but since I couldn’t watch it on my TV, I didn’t bother in the end. Also, the official social media accounts have been a little erratic in how often they post, which could have indicated a change was potentially coming.
Disney has announced where some of the content from the ESPN Player will be going, but it doesn’t cover every country, such as the UK. There are many possible outcomes for what’s next for ESPN within the EMEA region. Disney could have just decided it’s more cost-effective to just licence out its sports to other platforms in each country, or if it is planning on launching a new ESPN+ app globally, such as adding ESPN+ into Disney+ as a paid add-on.
There are dozens of ESPN documentaries available on Disney+ already, so it’s possible we could end up seeing ESPN documentaries heading here if there is no alternative plan for the brand within the region. Unfortunately, we will just have to wait and see what happens next.
Disney has been making changes to ESPN this year to try to become more profitable, including making ESPN a stand-alone division, outside of the theme parks and entertainment divisions and, most recently, laying off staff across the sports division.
Here is where some of the sports content will be heading to:
Major League Baseball (MLB)
Stream MLB games live or on demand with an MLB.TV subscription. Subscribe today for the rest of the 2023 season for $94.99 or $24.99/month.
National Hockey League (NHL)
NHL.TV is available in selected territories. Information about the 2023-24 package will be made available prior to the start of the season. Visit NHL.TV in mid-September for further details.
NCAA Football: Territories and Broadcasters
Israel, One Sport
Germany, Austria, Switzerland, Luxembourg and Lichtenstein: DAZN, Pro Sieben
Spain and Andorra: Telefonica
Netherlands: ESPN
Serbia, Bosnia and Herzegovina, Montenegro, Slovenia, Kosovo, Croatia, Macedonia: Sportklub
Czech Republic: AMC
Hungary: Network 4
Africa: ESPN
France: beIN
Italy: Helbiz
NCAA Basketball: Territories and Broadcasters
Israel: One Sport
Germany, Austria, Switzerland, Luxembourg and Lichtenstein: DAZN
Spain and Andorra: Telefonica
Netherlands: ESPN
Serbia, Bosnia and Herzegovina, Montenegro, Slovenia, Kosovo, Croatia, Macedonia: Sportklub
Czech Republic, Slovakia, Turkey: CIS, Saran
Greece, Cyprus: Saran
Africa: ESPN
France: beIN
Baltics: All Media
Italy: Helbiz
Middle East: MBC
Hungary: Network 4
Other NCAA Championships: Territories and Broadcasters
Netherlands: ESPN
Serbia, Bosnia and Herzegovina, Montenegro, Slovenia, Kosovo, Croatia, Macedonia: Sportklub
Africa: ESPN
Hungary, Czech Republic, Slovakia: Network 4
Israel: One Sport
Here are some useful details on the closure of ESPN Player:
How can a customer get a refund?
If you are an active subscriber, with time remaining on your subscription after August 18th you will be refunded the amount for that remaining time. No action is required by you. Refunds will be paid automatically to the payment card with which your initial purchase was made after August 18th.
Will it be a full refund?
You will be refunded based on the remaining length of your subscription after August 18th 2023.
If I purchased through Apple/Google/third party billing, how will I receive a refund?
Users will be refunded by the relevant app store or third-party provider. Refunds will be paid automatically to the payment card with which your initial purchase was made after August 18th.
Will the content be available until you close?
Yes, if you are an active subscriber, you will be able to stream live sports, replays, or on-demand content on ESPN Player. As of August 18th, you will no longer be able to stream live sports, replays, or on-demand content on ESPN Player. You will also be unable to access any of your ESPN Player account information.
How do I cancel now?
To perform all of the below actions, please head to My Account:
Update my payment method
Update my password
Review my payment history
Cancel my account
RUMOUR: End Of An Era, Disney Junior To Cease Transmission In Turkey By 2024, Could Africa's Be Next Alongside The Disney Channel?
During the week, it was reported that Disney is looking to sell several linear channels which are no longer core to their business. On top of that, they're looking to close their remaining linear channels in Hong Kong, Taiwan and Southeast Asia by the end of 2023.
According to sources, Disney Junior would cease to exist in Turkey by 2024 and this was the last brand under Disney Branded Television following the closures of Disney Channel and Disney XD as further content from all these brands is allocated to Disney+.
Disney Junior launched as Playhouse Disney in 2007 and since then he proven to be a popular addition amongst consumers featuring shows like Mickey Mouse Clubhouse, Sofia The First, Doc McStuffins, Spidey And His Friends and PJ Masks.
MultiChoice, an outlet seen in Africa to package Disney Junior alongside Disney Channel, National Geographic, National Geographic Wild, ESPN 1 and ESPN 2 had mentioned in 2021 that these brands were extended through 2024.
With Disney Junior in Turkey set to shut down by the end of 2023 around the time other parts of Asia would be losing their feeds. Could it be possible that the Disney Channels in Africa will join Turkey seeing as they're both operated by Disney EMEA alongside other regions.
Another thing, despite MultiChoice and Disney promise to retain them through 2024. It had mentioned that these channels would stick around for "another two years" bringing up that possible December 2023 closure if not early 2024 presumably before March.
Disney Branded Television Could Be Put Up For Sale
Disney Exploring Possible Sale Of Indian Business Home To Star Life And Star Select
Walt Disney (DIS.N) is exploring options to sell or find a joint venture partner for its India digital and TV business, a source with direct knowledge said on Wednesday.
The talks are in a "very, very nascent" stage and no potential buyer or partner has been approached so far, and it remains unclear how the process will pan out, the person added.
"Talks have begun internally (on) what makes sense to do," said the source, adding discussions were being driven by executives at Disney headquarters in the U.S.
Disney did not respond to a Reuters request for comment. The company's shares closed up 1.6% on Tuesday.
The Wall Street Journal was first to report news of Disney's talks and said the company had reached out to at least one bank about ways to help the India business grow, while sharing some of the costs.
The discussions come at a time when Disney has faced increasing pressure due to the emergence of Reliance Industries' (RELI.NS) streaming platform JioCinema, run by Asia's richest man, Mukesh Ambani. He has been marketing his streaming platform by offering free access to Indian Premier League cricket tournament, digital rights of which were earlier with Disney.
Research firm CLSA has estimated Disney+ Hotstar's subscriber base shrank by nearly 5 million users in India after it lost the digital rights for IPL.
Reliance's broadcast venture Viacom18, which runs JioCinema, also struck a deal with Warner Bros in April for HBO and other popular content such as Succession. Several of these top rated shows earlier aired in India on the Disney platform.
Viacom18's shareholders include Reliance, Paramount Global (PARA.O) as well as Bodhi Tree, which is a joint venture between James Murdoch and a former Star India executive, Uday Shankar.
Disney's India business comprises the Disney+ Hotstar streaming service and Star India, which it took over when it acquired the entertainment assets of 21st Century Fox in 2019.
The source, who declined to be named as the talks are confidential, said it will be difficult to find an outright buyer in India as the enterprise value of the India business was seen around $15-16 billion when Disney took over Fox's business.
Star India, which was rebranded as Disney Star last year, encompasses dozens of TV channels and a stake in a movie production company.
Disney, like its peers in streaming and the wider media industry, is cutting costs as macro economic headwinds weigh on its advertising revenue and subscriber growth.
In February, the company said it would cut 7,000 jobs as part of an effort to save $5.5 billion in costs in a sweeping restructuring of the company.