The biggest deal in sports is the $2.2 billion sale of ESPN to Disney for $2,086 billion.
That’s the largest deal in history, eclipsing the $1.2 trillion that Comcast purchased Time Warner Cable in January.
The big story is that the deal is so bad that ESPN has already begun discussing its exit from ESPN.
ESPN will cease broadcasting on the ESPN platforms starting March 1, according to ESPN.
The deal was struck by the two companies after a lengthy bidding war between the two parties.
ESPN said it would make $2 per subscriber a year, up from $1 currently.
It will also stream sports on its ESPN platforms through an on-demand service.
ESPN’s new owners have not said what will happen with its sports programming, but the company is in talks with several networks about its programming, including ESPN2.
The sports networks will continue to broadcast ESPN’s programming.
“We’re going to be a part of the conversation,” ESPN chief content officer John Skipper told reporters.
“This is a merger of unprecedented size, breadth and scope.
It has the potential to be transformative for the industry, and we’re looking forward to continuing to lead it.”
ESPN’s sports programming will be a boon to cable companies like Comcast and Verizon, which have been fighting for rights to broadcast and distribute ESPN content.
But it will be hard for cable companies to compete with ESPN.
Comcast and Charter Communications, which own DirecTV and Dish Network, have already said they won’t air ESPN games on their networks.
ESPN says it will continue its ESPN programming through the end of the deal.