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Disney CEO Bob Iger on Tuesday said the company has moved quickly on the digital front to transform ESPN in an era of cord-cutting and subscriber losses.
We recognized the early signs of a shift in the industry, and anticipated its impact and adapted quickly to a strategy that responds to evolving markets," the exec told analysts after his company released its latest results.
His comments came as analysts were keen to hear from Iger how ESPN would be repositioned as cord-cutting continues as TV viewers migrate away from traditional platforms and long-term programming rights are increasingly expensive. Iger spoke after Disney posted mixed quarterly financial results on Tuesday, beating the earnings expectations of analysts, but missing on the revenue line.
Etan Vlessing | May 9, 2017