For over a decade, consumers have increasingly abandoned pay-TV bundles, prompting media firms like Disney to adapt.
Recently, Disney partnered with Fox and Warner Bros. Discovery to create Venu, a sports streaming service aimed at disrupting traditional cable. Although blocked on antitrust grounds, the launch highlights the industry's shift towards streaming.
Disney's ESPN plans to introduce a new service, codenamed Flagship, in 2025, which could further erode pay-TV subscriptions. Analysts predict that pay-TV customers could halve by 2030, as valuable content moves online. Despite this, ESPN Flagship is expected to attract millions of subscribers.