Revelations over ESPN's seven million subscriber losses are a sign the Internet is dismantling America's half-a-trillion dollar sports industry, hitting sport on television and even sports leagues, says a report. The report, by the Sports Business Journal, said that ESPN has lost more than 7 million subscribers since it launched its online streaming service in 2011.
Revelations over ESPN's seven million subscriber losses are a sign the Internet is dismantling America's half-a-trillion dollar sports industry, hitting sport on television and even sports leagues, says a report. For over 30 years, ESPN has enjoyed an unbroken stream of growth and innovation, however, that sports bubble is about to pop, say analysts, as the transparency and lower costs of Internet companies, such as Netflix and Hulu, are impacting the cable industry.