Disney to break out sports revenue in financial reports – Reuters

Oct 18 (Reuters) – Walt Disney (DIS.N) will break out its sports programming revenue from the fourth quarter onwards following a restructuring of the company announced earlier this year, the media firm said on Wednesday.

Results from Disney’s media and entertainment business will be reported in two segments: entertainment and sports.

Sports will include ESPN and ESPN+, Star-branded sports channels in India, and fee earned from licensing sports content, while the entertainment segment will include its linear networks, streaming services, and revenue earned from licensing films and television content.

The company also revealed historic results according to the new segment classification for the first nine months through July 1, 2023, as well…

Read the full article at: https://www.reuters.com/business/media-telecom/disney-break-out-sports-revenue-financial-reports-2023-10-18/