My main takeaway from last week’s release of ESPN’s financials -- for the first time-- is that the business still is healthy. How else would you describe a business that generated $16 billion in revenue and $2.9 billion in operating profit for FY 2022?

Global sales of licensed merchandise and services totaled $315.5B in 2021, a 7.75% increase from 2019, according to an analysis of Licensing International data by SBJ Atlas. The data, part of the company's new Global Licensing Study conducted by Brandar Consulting, shows that 34% of global sales cam...