1. Soccer Streams
  2. News
  3. New ESPN app could cost $22 per month

New ESPN app could cost $22 per month

Published:
Shutterstock
Shutterstock
The sports channel is reportedly planning to launch a standalone app

According to Citi research analyst Jason Bazinet, ESPN’s rumoured standalone app could cost $22 per month, as the company looks to add extra forms of revenue.

Despite widespread talk of a new ESPN app, there was no information about a desired price point. However, Bazinet believes that a “profit-maximising” price of $22 a month is on the cards. 

The sports channel already has ESPN+, which enables customers to stream live sports, original shows and many other forms of media. The new app, on the other hand, will stream the ESPN TV channel and offer unique features.

Boasting approximately 25 million subscribers, ESPN+ currently costs $9.99 per month. It is worth noting that ESPN+ does not feature any of ESPN’s live action. 

Essentially, the standalone app, which is rumoured to be an ad-free platform, will be an improved version of ESPN+.

The Walt Disney Company owns 80% of ESPN, and the entertainment conglomerate is reportedly ready to make the sports channel a standalone streaming service, although investors are believed to be sceptical of the move.

Jason Bazinet, a research analyst at Citi, wrote:

“Investors view the move to streaming as inevitable.

“However, at another level, the market’s muted reaction is surprising. We believe ESPN’s transition to streaming could add [about] $20 per share to Disney’s equity value.”

ESPN chairman Jimmy Pitaro has already suggested that the sports channel will likely shift to a direct-to-consumer (DTC) model in the future.

A decade ago, ESPN attracted around 100 million cable viewers. Nowadays, the channel has approximately 75 million cable viewers, making it easy to understand why the company is eager to make a change. 

Looking for more Sports Streams News? Stick with Sporticos.

Follow Sporticos on Google News

Check Sporticos on Google News
Google News Feeds