How Would College Football Postponements Impact Walt Disney and ViacomCBS?
News reports have been coming in steadily on the chances of major college football games being played this fall. So far, the Pac-12 and Big Ten conferences have both announced the postponement of their seasons until at least the spring. The remaining Power Five football conferences -- the Big 12, Atlantic Coast Conference (ACC), and Southeastern Conference (SEC) -- are, for now, all planning to play their own seasons this year.
Walt Disney (NYSE: DIS) owns a large chunk of the broadcasting rights to the Power Five conferences in part due to its $71.3 billion acquisition of Fox in 2019. The combined entity has long-term TV contracts in place with the Big Ten, Big 12, ACC, and Pac-12. Combined, Disney shelled out $8 billion for these rights.
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Source Fool.com
