Amazon in talks with Disney over ESPN Stake Acquisition

The Information reported on August 24 that Amazon.com is in early talks with Walt Disney Co. about working on the streaming version of ESPN that it is developing and possibly taking a minority stake in the sports network.

According to the report, Disney and ESPN are still deciding on an appropriate price for the new service. ESPN is considering charging between $20 and $35 per month for the new streaming service, making it the most expensive streaming service in the United States.

In July, Disney CEO Robert Iger told CNBC that his company wants to keep ESPN and look for strategic partners to form a joint venture or buy a stake in the sports network to help take it directly to consumers.

Amazon Prime Video, or simply Prime Video, is an American subscription video-on-demand over-the-top streaming and rental service provided by Amazon that is available as a standalone service or as part of the Amazon Prime subscription.

Disney+ is an American subscription video-on-demand over-the-top streaming service owned and operated by The Walt Disney Company's Disney Entertainment division.