Disney doubles down on sports betting with ESPN

In Disney’s Annual shareholders meeting, CEO Bob Chapek again spoke about sports betting with a main goal of attracting younger audiences and creating new revenue.

This news comes shortly after Chapek said this about Disney, “seriously consider getting into gambling in a bigger way, and ESPN is a perfect platform for this” at the fourth-quarter earnings call.

Disney is looking to become a leader in the space and using its reach and scale to partner with other third-party companies.