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More than 60% of ESPN's revenue comes from their dwindling subscriber base

ESPN is estimated to have made $10.8 billion in revenue in 2014 according to estimates by SNL Kagan (via the Wall Street Journal) and Wunderlich Securities (via Forbes). Of that revenue, nearly two-thirds (63.9%) came from subscription fees paid by cable television customers.

In 2014, ESPN charged cable companies the largest fee by any network, by far, at $6.04 per subscriber whether those people watched ESPN or not. That translates to more than $6.9 billion in revenue from subscribers alone, easily ESPN's biggest source of revenue.

That ESPN makes a lot of money off of cable subscribers is not a surprise, but the enormity is jaw-dropping. Consider that the next-biggest money-maker is TNT, which charged just $1.48 per subscriber and generated $1.7 billion in subscriber revenue in 2014.

It is also worrisome as the number of people with ESPN in their homes has fallen by more than 8 million subscribers since its peak in 2011. That, coupled with skyrocketing costs associated with airing live sporting events, is a terrible combination.

Here is how ESPN's subscription fees compare to their advertising revenue...

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Instant Alert: 20 photos that celebrate Kobe Bryant's legacy as one of the greatest basketball players in history

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20 photos that celebrate Kobe Bryant's legacy as one of the greatest basketball players in history

by Jack Sommer on Nov 30, 2015, 4:03 PM

Without a doubt, Kobe Bryant will go down as one of the top athletes to ever play the game of basketball. After 20 years with the Los Angeles Lakers, he's won five NBA championships, an MVP trophy, and has been selected as an All-Star 17 times. He's currently the third-highest scoring player in history.

Bryant announced his retirement in a piece on The Players' Tribune Sunday night.

"My heart can take the pounding, my mind can handle the grind, but my body knows it's time to say goodbye. And that's OK," Bryant wrote in his farewell letter to basketball. "I'm ready to let you go."

According to ticket price tracker TiqIQ, ticket prices for the final game of the Lakers' regular season have already nearly tripled to $1,388.60 since the retirement news broke.

Scroll below to see a selection of photos highlighting Bryant's career.

When he entered the league in 1996, 18-year-old Bryant was the youngest man to ever play in an NBA game. He also became the youngest winner of the Slam Dunk Contest that same season.

Alongside his teammate Shaquille O'Neal, Bryant won his first NBA championship in 2000.

Bryant battled it out with Allen Iverson of the Philadelphia 76ers in the following year's NBA Finals, but the Lakers once again emerged victorious to win their second consecutive title in 2001.

See the rest of the story at Business Insider

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