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Can Pay TV Survive Streaming Sports?

Can Pay TV Survive Streaming Sports?

Live sports are the cornerstone of the pay-TV bundle, but sports fans have an increasing number of options for watching their favorite teams without subscribing to traditional pay TV. Not only is Walt Disney (NYSE: DIS) adding more content to its ESPN+ service every quarter, Sinclair (NASDAQ: SBGI) is planning to launch stand-alone streaming services for the regional sports networks (RSNs) it operates. If consumers can stream sports without a pay-TV subscription, does the cable bundle stand a chance of surviving?