Disney reorganized its corporate structure earlier this year, splitting ESPN and sports apart from its entertainment segment.
Disney reorganized its company into three segments earlier this year, splitting ESPN and sports apart from its entertainment division.
The network had roughly $4.06 billion in revenue in the third quarter, down from nearly $4.1 billion in the second quarter and about $4.4 billion in the first quarter, according to Wednesday's filing. The report shines a light on ESPN, the cable-TV network that has long raked in high traditional TV fees and viewership for the company – even during a time when the cable providers are losing customers at a fast clip in favor of streaming.
ESPN has been the linchpin not only of Disney's cable-TV networks, but of the overall traditional bundle, reaping some of the highest TV fees. Last month, as football season kicked off, it, which ended in Disney channels being turned back on for customers and some getting access to it streaming services as part of the deal.
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