Walt Disney Just Delivered a Knockout Punch to This Already Struggling Industry
The upcoming launch of a streaming ESPN service solves a lot of problems for the media giant, but creates a lot of problems for cable TV's middlemen.
It's official. As was widely expected, The Walt Disney Company (NYSE: DIS) will be launching a stand-alone streaming version of sports-focused cable channel ESPN later this year, at a price point of $29.99 per month. Its effective monthly price will be even lower for consumers who also subscribe to Disney+ and Hulu.
The launch of this service also likely marks the beginning of the end of the cable television industry as known today, even if it doesn't mean an immediate and complete collapse.
Here's what investors need to know.
