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10/15, 8:38 PM (Source: TeleTrader)
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Disney sees strategic value in ESPN+ bundle - report

The Walt Disney Company still believes there is strategic value in ESPN, especially when it comes to bundling the service ESPN+ with Disney+ and Hulu and a future in sports betting, CNBC reported on Friday.

The news comes as a rebuttal of an earlier report, which indicated that Disney CEO Bob Chapek is looking into potentially spinning off ESPN. Moreover, the report noted that such talks are happening "regularly" at Disney.

Previous reporting also indicated that ESPN is looking at potentially getting into sports betting, as it was looking into licensing its brand to bookies in a $3 billion deal.

Breaking the News / OL