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  • 5 months ago
Disney subsidiary, ESPN, will acquire NFL Network, NFL RedZone, and NFL Fantasy, according to Benzinga. In exchange, the NFL will receive a 10% stake in ESPN as part of a transformative equity-for-assets deal. Disney plans to integrate these properties into its new direct-to-consumer platform, merging ESPN and NFL fantasy platforms, while ESPN gains rights to three additional NFL games per year. Four ESPN games will shift to the NFL Network to maintain its seven-game lineup. Executives from Disney, ESPN, and the NFL praised the partnership as a step toward expanding digital offerings and fan engagement. The deal aligns with Disney’s strategy to accelerate streaming growth and digital transformation. The deal is pending final approval from NFL team owners.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Disney's subsidiary ESPN will acquire NFL Network, NFL Red Zone, and NFL Fantasy, according to Benzinga.
00:09In exchange, the NFL will receive a 10% stake in ESPN as part of a transformative equity-for-assets deal.
00:15Disney plans to integrate these properties into its new direct-to-consumer platform,
00:18merging ESPN and NFL Fantasy platforms, while ESPN gains rights to three additional NFL games per year.
00:24Four ESPN games will shift to the NFL Network to maintain its seven-game lineup.
00:28The executives from Disney, ESPN, and the NFL praise the partnership as a step toward expanding digital offerings and fan engagement.
00:36Deal in line with Disney's strategy to accelerate streaming growth and digital transformation.
00:40Deal is pending final approval from NFL team owners.
00:43For all things money, visit Benzinga.com.
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