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Benzinga

Entertainment

Phil Hall

SHOCKING: The crisis at disney part 3 does disney still have a competitive edge - What They Never Told You

Disney Ben Barringer IPL Hotstar 21st Century Fox Benjamin Swinburne Bob Chapek Entertainment Pixar Universal

This is part three of the four-part series "The Crisis at Disney"

On June 14, multiple business news outlets carried variations of the headline “Disney Loses Streaming Rights for Indian Premier League Cricket.” The coverage within these outlets detailed how a consortium that included Paramount Global (NASDAQ:PARAA)(NASDAQ:PARA) outbid current rights owner, the Walt Disney Co. (NYSE:DIS), by paying $2.6 billion for the Indian subcontinent streaming rights to the IPL cricket tournament for 2023 through 2027, with many observers insisting this was a misstep for Disney.

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