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ESPN+ Hits 1 Million Paid Subscriber Mark After April Launch

Five months after ESPN launched ESPN+, the streaming service has logged more than 1 million paid subscribers, the network said. The number of initial subs is higher than most analyst estimates and its early growth compares favorably to other direct-to-consumer offerings. For example, it took WWE Network 11 months to reach the 1 million sub mark. Some of ESPN+’s early growth can be attributed to an August decision to combine ESPN Insider and ESPN+. ESPN would not say how many subs ESPN Insider -- a service that had been around for 20 years -- had at the time of the merge, but a spokesperson did say that the number of Insider subs "account for a minority of the total (significantly so)." Growth also can be traced to sports that it carries exclusively, such as international soccer, boxing and college football games. ESPN+ is an important initiative for ESPN, which has spent the past few years dealing with higher rights fees combined with a smaller subscriber base. The launch of a direct-to-consumer service for $4.99 per month was an attempt to combat cord cutting, and the impressed subscriber growth so far suggests that ESPN will continue to invest heavily in buying sports rights for it.

SBJ Morning Buzzcast: May 8, 2024

Start your morning with Buzzcast with Austin Karp: The NFL sets a date for its 2024 schedule release, while also dropping hints that it could soon approve private equity investment in teams; WNBA teams finally land charter flights; the F1 Miami Grand Prix delivers a record on TV; and Elevate lands in Happy Valley.

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SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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