Morgan Stanley's Ben Swinburne raised Disney's price target to $140. Here's why
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New York Post
26 minutes ago
- New York Post
Scott Hanson answers the question everyone wants to know as ESPN acquires rights to ‘RedZone'
Football fans, rejoice. Scott Hanson won't be going anywhere with the ESPN acquisition of NFL Network, which was made official in an announcement on Tuesday. The beloved 'NFL RedZone' host revealed on social media that he would remain in his role on the popular whip-around program that airs on Sundays, taking fans live to games where teams are about to reach the end zone. 'It's official. (& for those wondering: yes, I will still be hosting RedZone.),' Hanson wrote on X. 'Fired up for a great season! Optimistic about this new partnership! (& I get to call @AdamSchefter 'colleague' for the 2nd time in my career… nice bonus!)' NFL Network's Scott Hanson speaks on stage during the during the third day of the 2025 NFL Draft on April 26, 2025 in Green Bay, Wisconsin. Getty Images Hanson's news came after the NFL and ESPN announced an equity deal that brings control of several NFL television properties, which include NFL Network and 'RedZone,' under the Worldwide Leader. As part of the deal, the NFL will own a 10 percent stake in ESPN, and the league will license additional content over to the Disney-owned sports network. 'Today's announcement paves the way for the world's leading sports media brand and America's most popular sport to deliver an even more compelling experience for NFL fans, in a way that only ESPN and Disney can,' Robert A. Iger, Chief Executive Officer of The Walt Disney Company, said in a statement. 'Commissioner Goodell and the NFL have built outstanding media assets, and these transactions will add to consumer choice, provide viewers with even greater convenience and quality, and expand the breadth and value proposition of Disney's streaming ecosystem.' Scott Hanson reacts during round six of the 2024 NFL draft at Campus Martius Park and Hart Plaza on April 27, 2024 in Detroit, Michigan. Getty Images While neither side disclosed the value of the ESPN stake that the NFL was getting, the Wall Street Journal reported that analysts estimated ESPN's valuation between $25 billion and $30 billion, putting the worth of that stake around $2.5 billion to $3 billion. 'Since its launch in 2003, NFL Network has provided millions of fans unprecedented access to the sport they love,' NFL Commissioner Roger Goodell said. 'Whether it was debuting Thursday Night Football, televising the Combine, or telling incredible football stories through original shows and breaking news, NFL Network has delivered. 'The Network's sale to ESPN will build on this remarkable legacy, providing more NFL football for more fans in new and innovative ways.'
Washington Post
an hour ago
- Washington Post
What the NFL's deal with ESPN means for the league, networks and RedZone
The NFL and ESPN have reached their long-awaited agreement that gives the Disney-owned sports network access to league media properties, including NFL Network and RedZone, while the NFL takes a 10 percent equity stake in ESPN. The two sides announced the deal Tuesday night, calling the agreement 'nonbinding.' The transactions included in the deal are 'subject to the parties' negotiation of definitive agreements, various approvals including by the NFL team owners, and customary closing conditions,' the NFL and ESPN said. The Walt Disney Company is scheduled to announce its quarterly earnings Wednesday morning.
CNN
an hour ago
- CNN
NFL to take 10% stake in ESPN in new media rights deal
Football MediaFacebookTweetLink Follow The NFL and ESPN announced a deal Tuesday that will see the league's NFL Network and other media assets headed to the cable television giant in exchange for a 10% equity stake in the Disney-owned company. The non-binding agreement will give ownership and control of the NFL Network to ESPN, while ESPN will also license additional NFL games, NFL RedZone and NFL Films programming from the league. The two sides will also merge their fantasy football operations. 'Today's announcement paves the way for the world's leading sports media brand and America's most popular sport to deliver an even more compelling experience for NFL fans, in a way that only ESPN and Disney can,' Robert A. Iger, chief executive officer of The Walt Disney Company said in a statement. 'Since its launch in 2003, NFL Network has provided millions of fans unprecedented access to the sport they love,' NFL Commissioner Roger Goodell said in a statement. 'The Network's sale to ESPN will build on this remarkable legacy, providing more NFL football for more fans in new and innovative ways.' The deal would license broad rights to the RedZone brand and linear distribution of the RedZone Channel to ESPN. ESPN's platforms will gain rights to an additional three NFL games per season, while some games previously licensed to ESPN will air on NFL Network, which will continue to broadcast seven games per season. 'This is an exciting day for sports fans,' Jimmy Pitaro, chairman of ESPN, said in a statement. 'By combining these NFL media assets with ESPN's reach and innovation, we're creating a premier destination for football fans,' said Jimmy Pitaro, chairman of ESPN. 'This deal helps fuel ESPN's digital future, laying the foundation for an even more robust offering as we prepare to launch our new direct-to-consumer service.' The NFL will continue to own and operate properties such as NFL Films, the official NFL team websites and more. The league will retain digital distribution rights to NFL RedZone, which it will continue to own and operate. The transactions are subject to further negotiation and approvals, including by the NFL team owners.
