A tipping point for the broadcast industry is coming, and part of it hinges on a problem that Disney chief Bob Iger created for himself.
Disney Advertising said that commercial inventory on the U.S. Open tennis tournament is sold out. The event, televised on ABC, ESPN and ESPN Plus, has more than 20 sponsors and nearly 150 advertisers. Presenting sponsors include American Express, Cadillac, Evian, Fidelity Investments, Heineken Silver and IBM.
ESPN struck a new 12-year deal with All-England Lawn Tennis Club that expands the company’s ability to show the iconic Wimbledon tennis championships to sports fans who may be gravitating to forms of video other than traditional TV. The new pact, which begins with the 2024 Championships and extends through 2035, calls for more matches to be shown on both ESPN’s Disney sibling ABC, as well as on ESPN Plus, its subscription broadband service.