Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo: Brian Utesch / Icon Sportswire via Getty Images

Walt Disney Co. CEO Bob Iger announced Tuesday that Disney's new sports streaming package, set to debut this spring, will be priced at $4.99 monthly and will feature live programming, live sports events and other programming like ESPN's popular 30 for 30 series.

Why it matters: Iger touted growth in digital subscribers (people getting ESPN through digital TV packages on Sling, Hulu, etc.) as a net win for the company, which is looking to transform its linear TV business into a successful digital streaming business. ESPN has lost roughly 12% of of its traditional TV subscribers in six years.

The question for Disney is whether or not consumers will be willing to pay for a standalone sports channel in addition to other digital streaming packages.

  • At a $4.99 price point, the cost is significantly lower than the cable fee consumers pay currently to access ESPN on traditional TV, which is roughly $8. Still, consumers pay that fee as a part of a broader cable package, which typically costs around $100 monthly.

Iger says that while ESPN and other cable channels lost traditional TV subscribers last quarter, the company's growth story is still positive because of a significant increase in OTT (over-the-top) subscribers.

"The adoption rate of new OTT digital MVPDs has grown significantly ... which is important because it's a sign that young people are coming into multichannel (digital) TV. Cord-nevers (people who have never purchased cable packages) are starting to adopt packages that are less expensive, which is a good sign for us."
— Bob Iger

Iger says the redesigned ESPN App will have three new features:

  1. Scores and highlights and an improved user experience that's extremely customized. Iger says the company will use machine learning to provide customized video and text content.
  2. Live-streamed ESPN networks (provided a user is a subscriber to ESPN's service, either through a traditional cable package or digital TV package)
  3. ESPN Plus, which for $4.99 will include "thousands of hours" of programming and live sports events that are not available on ESPN's current cable channels. "We will continue to invest in original and exclusive content just for the app," Iger says.

Overall, Disney did well last quarter, beating on revenue and earnings per share, the company announced Tuesday.

  • Revenue: $15.83 vs. expected $15.45 billion expected by Yahoo Finance
  • Earnings per share: $1.89 vs. $1.61 expected by Yahoo Finance

Driving revenue growth was Disney's Parks and Resorts business, for which revenue grew 13% year over year.

While home entertainment and media networks revenue fell short of Wall Street expectations, the company had a great year at the box office, due to mega hits like Star Wars: The Last Jedi.

Go deeper

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Health: Most vulnerable Americans aren't getting enough vaccine information — Fauci says Trump administration's lack of facts on COVID "very likely" cost lives.
  2. Education: Schools face an uphill battle to reopen during the pandemic.
  3. Vaccine: Florida requiring proof of residency to get vaccine — CDC extends interval between vaccine doses for exceptional cases.
  4. World: Hong Kong puts tens of thousands on lockdown as cases surge — Pfizer to supply 40 million vaccine doses to lower-income countries — Brazil begins distributing AstraZeneca vaccine.
  5. Sports: 2021 Tokyo Olympics hang in the balance.
  6. 🎧 Podcast: Carbon Health's CEO on unsticking the vaccine bottleneck.

DOJ: Capitol rioter threatened to "assassinate" Alexandria Ocasio-Cortez

Supporters of former President Trump storm the U.S. Captiol on Jan. 6. Photo: Kent Nishimura / Los Angeles Times via Getty Images

A Texas man who has been charged with storming the U.S. Capitol in the deadly Jan. 6 siege posted death threats against Rep. Alexandria Ocasio-Cortez (D-N.Y.), the Department of Justice said.

The big picture: Garret Miller faces five charges in connection to the riot by supporters of former President Trump, including violent entry and disorderly conduct on Capitol grounds and making threats. According to court documents, Miller posted violent threats online the day of the siege, including tweeting “Assassinate AOC.”

Schumer calls for IG probe into alleged plan by Trump, DOJ lawyer to oust acting AG

Jeffrey Clark speaks next to Deputy US Attorney General Jeffrey Rosen at a news conference in October. Photo: Yuri Gripas/AFP via Getty Images.

Senate Majority Leader Chuck Schumer (D-N.Y.) on Saturday called for the Justice Department inspector general to investigate an alleged plan by former President Trump and a DOJ lawyer to remove the acting attorney general and replace him with someone more willing to investigate unfounded claims of election fraud.

Driving the news: The New York Times first reported Friday that the lawyer, Jeffrey Clark, allegedly devised "ways to cast doubt on the election results and to bolster Mr. Trump’s continuing legal battles and the pressure on Georgia politicians. Because Mr. [Jeffrey] Rosen had refused the president’s entreaties to carry out those plans, Mr. Trump was about to decide whether to fire Mr. Rosen and replace him with Mr. Clark."