January 5, 2012 / 11:05 PM / 7 years ago

Disney to recognize some ESPN revenue earlier

(Reuters) - Walt Disney Co’s ESPN cable network will recognize some affiliate revenue earlier in the year as a result of a new agreement with Comcast Corp, Chief Financial Officer Jay Rasulo said on Thursday.

About $70 million to $80 million will be moved forward in each of the fiscal first and second quarters, or about 2 cents per share of earnings, Rasulo said at the Citigroup Global Entertainment, Media and Telecommunications Conference.

Reporting By Lisa Richwine

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