Disney CEO Bob Iger explores minority partnerships for ESPN, facing challenges in securing a deal

Disney CEO Bob Iger is seeking minority partners for ESPN as the rate of U.S. cable cancellations accelerates, impacting the network's revenue growth. Iger has enlisted the help of former executives Kevin Mayer and Tom Staggs to explore strategic options for ESPN, including the possibility of launching a direct-to-consumer product. Talks have been held with major sports leagues, such as the NFL, MLB, NBA, and NHL, about potential equity stakes in ESPN. However, such a deal could create conflicts of interest and irritate existing media partners. If suitable minority partners cannot be found, a full spin-off of ESPN has not been ruled out.