By Nate Wolf
Walt Disney stock was up modestly Tuesday after subsidiary sports cable channel ESPN announced the start of a new streaming platform also named "ESPN."
At $29.99 a month or $299 a year, viewers who purchase the unlimited package can access all ESPN content, including its various television networks. A bundle offer with Disney+ and Hulu will also cost $29.99 a month for the first year.
Others can choose a "select" ESPN plan for $11.99 a month, which will replace the company's existing ESPN+ streaming platform, also priced at $11.99. The bundle with Disney+ and Hulu will cost $26.99 for "select" users.
Disney shares rose 0.7% to $111.31 following the announcement.
ESPN+ had more than 24 million paid subscribers as of March 2025, with an average monthly revenue of $6.58 per subscriber, according to Disney's financial filings.
"We are providing everything ESPN has to offer directly to fans and all in one place," ESPN chairman Jimmy Pitaro said in a statement announcing the streaming platform. "Our straightforward approach to name and pricing will help fans cut through the clutter."
The company didn't say when the new ESPN streaming service would launch.
Disney had previously teased the release of a new direct-to-consumer offering from ESPN in its fiscal third-quarter earnings report last week.
Write to Nate Wolf at nate.wolf@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
May 13, 2025 12:22 ET (16:22 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。