WHY THIS MATTERS:ESPN president John Skipper's abrupt resignation due to a "substance addiction" came just days after Disney announced a $66.1 billion purchase of assets from 21st Century Fox – including regional sports networks – and roughly three months before the planned launch of its direct-to-consumer offering ESPN Plus, milestones that his replacement would oversee.
WHY THIS MATTERS:The new platform is also out of beta on Apple TV, ioS and Android mobile devices, web browsers and Google Chromecast as the company competes with a growing list of virtual MVPDS ranging from DirecTV Now to newcomer Philo.
WHY THIS MATTERS:The company, which has launched its local broadcast OTT service in San Francisco and Phoenix, said the fresh funds would be used in part to enter Los Angeles in early 2018 and other expansion plans.