Streaming is the way most viewers access shows, sports, and movies. Families have subscriptions to Disney+, Netflix, AppleTV, and ESPN, just a few of the streaming services available to viewers. According to Forbes, the average household subscribes to 2.8 streaming services. With so many streaming services available, these companies are constantly competing with one another.
Disney and Apple are looking at ways to expand their streaming services, and one way to accomplish this is through a joint effort moving forward.
Disney and Apple To Join
As the Walt Disney Company looks for support for ESPN, Apple is expanding into soccer and baseball coverage moving forward in 2024. This makes Apple a good option for a deal between these two businesses.
These two technology giants have spent heavily on their streaming business. Moving forward, Disney is looking for money to keep services going. On the other hand, Apple is looking for more content to stream.
This collaboration could bring a much-needed boost to both Disney and Apple.
Next Steps
Viewers love the ability to stream their shows and sports anywhere they want. It is incredibly convenient and makes it easy to stay connected anywhere.
Netflix remains the top streaming subscription, with Amazon Prime Video coming in second. Apple TV+ is third, with Disney+ dropping to seventh place on the list after smaller channels such as Discovery+.
As both Apple and Disney strive to compete with Netflix, a merger between them could be just what they need to remain relevant and successful.
Although the sports network ESPN made $3.8 billion in revenue for the quarter, Disney Chief Executive Bob Iger says he is still open to selling an equity stake in ESPN. Owning 80% of the sports network gives Disney some flexibility moving forward.
Sports fans love having access to the big game anywhere they go. Frustration with the rising cost of streaming and blackout issues, some viewers are dropping ESPN for other services. We look forward to seeing what Disney does to keep the iconic ESPN network relevant in the sports world. What will Disney CEO Bob Iger do moving forward?
