Not just ESPN, but all these media companies are going through this transformation and anyone who doesn't adapt could suffer a lot of losses, profits... whatever you want to understand.
At least in the last 10 or 15 years, ESPN has been among the main sports channels not only there, but here in Brazil as well and today with so many streaming and independent channels on YouTube are on the market making the competition for the audience more and more competitive. .
If they don't do anything, things certainly won't look good for ESPN.