Disney will present its sports revenue in its financial report -October 19, 2023 at 00:42

Walt Disney will split its revenue from sports programming starting in the fourth quarter, following a corporate restructuring announced earlier this year, the media company said Wednesday.

Disney’s media and entertainment business results will be presented in two segments: entertainment and sports.

Sports will include ESPN and ESPN+, Star sports channels in India, and revenue from sports content licensing, while the entertainment segment will include linear networks, streaming services, and revenue from film and television content licensing.

The company also disclosed historical results based on new sector classifications for the first nine months to July 1, 2023, as well as for fiscal years 2022 and 2021.

The move comes as Disney seeks a strategic partner for its ESPN sports network. The company is also exploring the possibility of selling some of its assets in India, as Reuters reported in July.

In February, the company announced a major restructuring that resulted in the creation of three internal units and a reduction of nearly 4% of its workforce.

The last time Disney changed its reporting structure was in 2020.

Garfield Woolery

"Award-winning travel lover. Coffee specialist. Zombie guru. Twitter fan. Friendly social media nerd. Music fanatic."

Leave a Reply

Your email address will not be published. Required fields are marked *