Wells Fargo is predicting big things for Disney’s (DIS) sports network ESPN in 2023.
In a new note published on Tuesday, Wells Fargo analyst Steve Cahall outlined the firm’s top predictions for the media business in 2023, and made a big call about the future of ESPN under Bob Iger’s leadership at Disney.
“DIS will begin the spin-off process for ESPN & ABC including launching ESPN in streaming a la carte,” Cahall wrote. “Cost rationalization and balance sheet options are critical to reaching…
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