New Streaming App Could Replace Cable for Some, But May Cost More

Get ready sports fans, because ESPN is bringing a new streaming service to the game. For $29.99 a month, you can catch all the live sports action and programming offered by ESPN and its sister networks. And if you’re looking to bundle, you can combine ESPN with ad-supported versions of Disney+ and Hulu for $35.99.

ESPN Chairman Jimmy Pitaro is optimistic about these price offerings, aiming to help fans access all their favorite content with ease. But, is this new service really a cost-effective option for catching those big games?

Some analysts remain skeptical. Research analyst Michael Pachter from Wedbush Securities points out that while this might be a great option for individual viewers or those without cable, subscribing to multiple streaming services can quickly add up. Families, for example, may save money by cutting cable for ESPN at $29.99, but they’ll still need other subscriptions for their favorite TV shows and movies.

According to Deloitte, the average U.S. household spends about $69 a month on streaming services, which is less than the average monthly cable bill of around $122. Pachter emphasizes that finding the right bundle is key to managing costs while enjoying all your desired content.

For those interested in streaming ESPN, the sports channel is already available through services like Fubo for $84.99 a month or YouTube TV for $82.99 a month. It’s worth noting that ESPN has seen a decline in subscribers from both cable and streaming platforms in the past year, with domestic subscription revenue down 1% compared to the previous year.

So, before you make the switch, consider your viewing habits and budget to determine if ESPN’s new streaming service is the right fit for you.