Dan Sabbagh and Amanda Andrews
Attend an evening with Andre Agassi
The Walt Disney Company may consider mounting a challenge to BSkyB by bidding for Premier League football broadcasting rights next year.
Robert Iger, chief executive of Walt Disney, said on a visit to London that ESPN, the company's sports broadcaster, was its second principal brand after the Disney name itself - and indicated that he hoped to expand it globally.
“I know they [ESPN] will look at the Premier League rights again, both individually and in partnership with others,” Mr Iger said. The next auction of Premier League broadcast rights is due to start next January.
ESPN is also interested in pursuing the rights to show Premier League games in the United States, where the rights are held by Fox, the broadcaster owned by News Corporation, parent company of The Times. It believes that there is a growing audience for football in the United States.
Mr Iger said that ESPN's coverage of Euro 2008 had proved extremely popular and Disney chose to air the semi-finals and the final on its mainstream ABC network. Senior executives of the broadcaster believe that the arrival of David Beckham in the United States at the LA Galaxy had helped to lift interest in the sport in the one leading country that has largely ignored the world's game until recently.
BSkyB, the satellite broadcaster 39.1per cent owned by News Corp, paid £1.31 billion to secure the rights to show 92 live games a season in the existing three-year contract, which expires at the end of the 2009-10 season. Setanta Sports paid £392 million for the rights to show a further 46 games a season live.
The Disney chief emphasised that he had earmarked about $250 million (£142million) to $300 million for acquisitions in video games and said that the company was looking “at companies that fit well within the Disney or ESPN brands” that have “a foot[hold] into new technologies”.
Mr Iger specifically avoided directly commenting on ITV, but the criteria cited did not suggest that Disney had a strong interest in network broadcasters in Britain or elsewhere. The company has abandoned plans to introduce ABC-branded general entertainment channels in big markets globally.
Most of Disney's recent acquisitions in Europe have been modest, with the company buying the websites Soccernet, Cricinfo and Scrum.com. It also bought NASN, a broadcaster specialising in transmitting American sports across Europe, for about £50 million in 2006.
Mr Iger hinted that Disney had taken a brief look at Bebo, the social networking site, which was acquired by AOL in March. He emphasised the group's interest in social networks, saying that the model sat well with Disney.
He said that, as the economy proved tough in the West, Disney continued to focus on emerging markets. It is looking to expand considerably its lucrative consumer products business in emerging markets, particularly in Asia. It is also creating films for local markets alongside local production groups.
Roadside Romeo is a forthcoming Bollywood animated film, with the actors Saif Ali Khan and Kareena Kapoor lending their voices to animated characters. Disney intends to exploit India's undeveloped film merchandise market.
Mr Iger said that Disney was relatively resilient to the global economic crisis, saying that advertising accounted for only 20 per cent of group revenue. However, he said that the company was still feeling the pinch, adding: “The global economic crisis affects us because of the impact on the consumer ... What's going on in the housing market has an impact, as do commodity prices and unemployment. The US consumer is definitely hurting.”
The number of visitors at the group's theme parks had stayed strong. Disney made almost a quarter of its $35.5 billion revenues outside North America last fiscal year. Its shares were up 52 cents at $32.95 in afternoon trading in New York yesterday.
Articles from our sister site WSJ.com:
You may be asked to subscribe to read certain articles
Industry sectors news at a glance. Interactive heatmap, video and podcast
Everything the Business Traveller needs to know to make a better trip
Get ready for the winter sports season, with our resort guides and snow reports
We are backing British business, what is the confidence of the nation and what businesses are succeeding?
Growing demand for energy, oil that is harder to reach and the rise of carbon dioxide emissions. We examine the energy challenge
With rail travel in Europe on the rise, we review the benefits of travelling by train
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
Shortcuts to help you find sections and articles
1998
£47,955
12 months for the price of 11 and a 5% discount.
Offer ends 31/11/09
Check your free Experian credit report before applying
Car Insurance
to £60K + bonus (OTE £90k)
Lord Search & Selection
Location Flexible
PwC’s Consulting practice helps businesses of all shapes
and sizes work smarter and grow faster.
£85k
CPA
Highly Competitve
Specsavers
Whiteley, near Southampton
Moments from Battersea Park.
For sale with Winkworth
Find out about shared ownership.
See your free Experian credit report beforehand
7nts - Penang £499; Borneo £699; All Inclusive £799 including flights, taxes, accommodation and private transfers
For your ultimate tailor-made ski holiday, click here
Get covered on your travels with a superb range of policies at great prices. Visit InsureandGo.com
World Class Golf, Spa and preferential Beach Club. Private estate overlooking West Coast
Villas from £275 per night inclusive of Golf
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.