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ESPN subscribers diminish at an alarming rate, streaming is to blame

ESPN loses 7 million subscribers in two years as online streaming takes flight
By: Chris Smith | Business, Financial & Legal News | Posted: Nov 27, 2015 1:31 pm

With online streaming becoming more mainstream, ESPN is starting to really feel the heat. ESPN parent company, Disney, said in an earnings conference that subscribers are currently dropping, softening the blow by naming it as "some modest losses."

 

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What exactly does modest mean? According to regulatory files that were made public this week, ESPN now holds 92 million subscribers. While 92 million is still much larger than many other platforms and completely blows things like World of Warcraft out of the water, it becomes alarming when when this number is compared to previous statistics.

 

With 92 million subscribers in 2015, ESPN posted 95 million in 2014 and an even greater 99 million in 2013. This 7 million drop in subscribers over two years marks just the beginning of what Disney CEO, Bob Iger, says will be an indication of the future.

NEWS SOURCES:Finance.yahoo.com

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