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I think the best outcome for Disney is to figure out some sort of profit sharing relationship with the leagues, right? I really don't know that I see ESPN being spun off or acquired. There's still something there, but they aren't in control of their own destiny like they were before. Bob Iger says he has an idea of when ESPN is going to stand on its own as a streaming service. That could be perhaps an indicator about what kind of relationships they're looking to forge with the leagues in the future.
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