Apple Inc. (AAPL) Is Frustrated, according To ESPN’s John Skipper

Walt-Disney Co (NYSE:DIS)’s ESPN President, John Skipper, viewed that folks in Apple Inc. (NASDAQ:AAPL) were frustrated by their capability to create something special.  He said that it was because of this reason there was no TV service to fill the new Apple TV box though it might change for the better. Currently, the sports channel is ready to stick its guns of cable-bundle unlike Showtime or HBO.

Not Abandoning Plan To try an OTP Internet Service

Walt-Disney Co (NYSE:DIS)’s Skipper clarified that it was not dumping its plan to look at the over-the-top internet service. The company has broadcast rights with NBA. If the cable firm continued to lose its subscriber numbers in the current year, it could try out flexible and tiny bundles without the sports channel. It remains to be seen as to how long the commitment will last.

The cable firm is under pressure as the Internet TV has been growing while cord-cutting continued its activity. As a result, its future has become somewhat murkier. However, he pointed out that DISH Network Corp (NASDAQ:DISH)’s Sling TV has been bringing in a considerable number of fresh customers without disturbing the viewers number from satellite or cable. Interestingly, Sling TV carries ESPN channel as part of its channel bundle.

Advantageous Operating System

Referring to Apple Inc. (NASDAQ:AAPL)’s path in the TV industry, Walt-Disney Co (NYSE:DIS)’s Skipper said that the tech firm was creating an advantageous OS besides a great TV experience. He said that experience would be wonderful for sports. He said that there were discussions that were going and said that they were frustrated. However, he said that his company would continue to work with them.

As far as the sports right deals, which were locked for years, Walt-Disney Co (NYSE:DIS)’s Skipper said that Sports business was a growth-oriented one and that it was not proper to say that the sports rights would witness a drop. He said that ESPN holds a number of sports rights compared to the other sports media altogether. All that the company should do was to translate those rights into continuous revenue growth.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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