Tag: Gambling

Bob Iger Talks Streaming and Sports Betting on Disney’s Q3 Earnings Call

Disney CEO Bob Iger reported lower than expected numbers in the company’s Q3 earnings call, but maintained that the company is on track. The call included Iger expressing optimism about the company’s streaming strategy, as well as taking a different stance on Hollywood strikes and announcing partnerships with PENN Entertainment for ESPN Bet to enhance consumer engagement. Prices will be increasing starting October 12 for Premium Disney+ and ad-free Hulu, while ad-supported subscriptions of both remain at $7.99/month.

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Disney Bets on Sports Gambling; After This, the Deluge?

Bob Iger has announced a deal with Penn Entertainment for a $2 billion deal to enable gambling and videogaming options for ESPN viewers. The data could bring far more engagement and better bottom line outcomes in a difficult market, but other media partners have been hard to find. Private equity may be the only solution Disney is left with, signifying particular distress signals.

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Australian Teens ‘Inundated’ with Gambling Ads with YouTube Most Common Platform, Report States

Young people are being “inundated” with gambling ads in their everyday lives, particularly sports betting ads and social casino games, amid unprecedented levels of exposure for at-risk adolescents. Children between 12 and 17 who are at risk of becoming problem gamblers reported a wide range of sources that promote gambling, including in their home, school, social, digital and media environments. Two new reports commissioned by the New South Wales government have highlighted the risks and roots of adolescent gambling, finding that sources of influence at this important age can “exert risk and protective influences” over gambling behaviours. The NSW Youth Gambling Study 2022 reported that all survey participants recalled being exposed to gambling advertising since childhood, particularly television ads for sports betting. “During adolescence, exposure to online advertising was described in all gambling groups as frequent and pervasive, especially d…

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Broadcasters Respond with Fury to Proposed Gambling Ad Ban

Television broadcasters have expressed concern at the proposed ban on all gambling advertising, which would cost them as much as $150 million a year. They warn viewers would ultimately pay the price as less funding would be available for Australian content. The parliamentary inquiry into harms of online gambling today handed down 31 recommendations,

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