Bob Chapek, CEO of Disney, stated that he doesn't see any strategic advantage in ESPN bringing on more minority partners. Disney is searching for a partner to secure future live rights and expand distribution options.
As CEO in November 2022, Bob Chapek told CNBC he sees no reason for Disney -owned ESPN to add minority partners . Disney owns 80% of ESPN and Hearst owns the other 20%. By searching for a partner, Disney wants to strike a deal that could help secure future live rights and broaden distribution options .
However, ESPN President Jimmy Pitaro downplayed the need for selling equity in ESPN to build a partnership.
Disney ESPN Minority Partners Bob Chapek Live Rights Distribution Options
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