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Disney isn't getting out of the sports business, it's trying to play a central role in the future of sports.
A lot of investors have wondered if Disney (DIS -0.04%) will spin off ESPN after a recent restructuring. But recent moves by Bob Iger show that ESPN is a key to Disney's future and could play a central role in the sports landscape.
*Stock prices used were end-of-day prices of Aug. 10, 2023. The video was published on Aug. 13, 2023.
Travis Hoium has positions in Walt Disney. The Motley Fool has positions in and recommends Walt Disney. The Motley Fool recommends Warner Bros. Discovery and recommends the following options: long January 2025 $25 calls on Penn Entertainment and short January 2025 $30 calls on Penn Entertainment. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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