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Walt Disney Co (NYSE: DIS) hosted its Investor Day 2020 on Thursday. Disney+ Update: Disney’s streaming platform Disney+ hit 86.8 million subscribers. The streaming platform will add something new every week with dozens of branded series heading to the streaming platform. “Over the...

The Professional Fighters League, a fast-growing and innovative sports organization, has formally announced a partnership with Socios to provide blockchain fan tokens. As part of the development, Benzinga chatted with PFL CEO Peter Murray. About The Professional Fighters League The PFL...

Walt Disney Co (NYSE: DIS) reported fourth-quarter earnings, which saw a continued impact from the COVID-19 pandemic hitting several lines of the business. Earnings: Revenue for Disney was $14.71 billion in the fourth quarter, which beat the street consensus of $14.2 billion. The company...

The Esports Observer reports ESPN is shutting down its esports division. What Happened: “We have made the difficult decision to cease operations for our dedicated daily esports editorial and content,” ESPN told The Esports Observer. The announcement follows Walt Disney Co's...

Amazon.com (NASDAQ: AMZN) has reportedly secured the rights to one of the two new wild card games for the 2020 season. What Happened: The NFL told league owners Amazon had secured the rights to one playoff game, according to The Wall Street Journal. The amount paid by Amazon is expected to be...

A survey from Civic Science shows low brand awareness for sports betting apps despite national advertising campaigns. What Happened: The survey from Civic Science shows that sports betting apps from FanDuel, DraftKings Inc (NASDAQ: DKNG) and Penn National Gaming’s (NASDAQ: PENN) Barstool...

The 11th annual Gaming & Lodging Conference from Bank of America hosted ten companies. A look at the highlights from DraftKings Inc (NASDAQ: DKNG), Penn National Gaming (NASDAQ: PENN), and Hilton Worldwide Holdings Inc (NYSE: HLT). Bank of America analyst Sarah C. Kelley shared takeaways...

After shutting down college football for the 2020 season, the Big Ten Conference has reversed course. What Happened: The Big Ten Conference voted unanimously this week to begin college football games on Oct. 23, 2020. The league shut down the season back in August with an 11-3 vote...

Walt Disney Co's (NYSE: DIS) ESPN announced two separate deals with DraftKings Inc (NASDAQ: DKNG) and Caesars Entertainment (NASDAQ: CZR) on Monday. The deals include link outs for both brands sportsbooks. DraftKings gets exclusive rights for daily fantasy sports partnership with...

ESPN signed deals with Caesars Entertainment Inc (NASDAQ: CZR) and DraftKings Inc (NASDAQ: DKNG) to strengthen its position in the growing sports betting market. What Happened: ESPN, a Walt Disney Co (NYSE: DIS) subsidiary, signed two separate deals that include co-exclusive link integrations...

The NFL season kicks off Thursday night and is bringing strong advertising rates for its broadcast and streaming partners. The Players: NBC, a Comcast Corporation (NASDAQ: CMCSA) company, will air Sunday Night Football games and also has the rights to the Sept. 10 NFL Kickoff game. Fox, a 21st...

Walt Disney Co (NYSE: DIS) is trading at an attractive valuation and should be bought by investors as more states and regions are re-opening their economies, according to BofA Securities. The Disney Analyst: Jessica Reif Ehrlich maintains a Buy rating on Disney's stock with a price target...

National Basketball Association team Los Angeles Lakers on Monday said it returned a $4.5 million loan granted to it as part of the federal government's novel coronavirus (COVID-19) relief efforts. What Happened "The Lakers qualified for and received a loan under the Payroll Protection...

Walt Disney Co (NYSE: DIS) shares traded lower on Monday after one analyst said COVID-19 headwinds are simply too strong to ignore. The Disney Analyst UBS analyst John Hodulik downgraded Disney's stock from Buy to Neutral and cut his price target from $162 to $114. The Disney Thesis Hodulik...

Most live sporting events have been on hold for the past month, and there’s no sign sports will be returning any time soon. In the absence of sports, leagues and their partners are turning to the virtual world to reach sports fans and even build their audience for when live sports eventually...