ESPN has lost roughly 40-50 million cable households over the past decade, cutting into the $10 per subscriber it once collected from cable bills. The network is now pursuing streaming partnerships with Fox and launching its own service to replace that vanishing revenue.
I was watching a documentary recently about how ESPN's struggling, right? Because when you look at, I think it was over the last, I don't know, 10 years or so, there's been 40 or 50 million people that have cord cut it or cut the cable cord basically, right? So they're not paying for cable anymore. ESPN is part of those bundles. So when people sign up for like Comcast, for example, like $50, $60, $70 a month, ESPN actually takes $10 of that. It's actually pretty significant. Whoa. And that number gets higher and higher. The ESPN tax gets higher and higher, right? But with all the people cord cutting, it's actually starting to hurt ESPN. So ESPN, they're doing a streaming collab service with Fox and somebody else now, and eventually they're gonna make their own too, but that's how they're planning to diversify because media is just getting so much harder now.
