Disney Prepares to Launch Two Streaming Platforms

3 things to watch as Disney reports first-quarter earnings

Disney unveiled its first quarter 2018 results on Tuesday, revealing declines from ESPN and ABC that were offset partially by the big business Star Wars: The Last Jedi has done at the box office.

Disney shares were up as much as 2.9 percent in after-hours trading - after closing the regular session at $106.17, ahead 1.4 percent. Studio entertainment revenues declined 1 percent to $2.50 billion and consumer products & interactive media division revenues decreased 2 percent to $1.45 billion.

For its first fiscal quarter, which ended on December 30, Disney had net income of $4.42 billion, or $2.91 a share, compared with $2.48 billion, or $1.55 a share, a year earlier.

ESPN has a message for those thinking about cutting the cord: Keep the cord and layer streaming services on top of it. The network is attached to a large number of basic cable packages, and when people drop cable its numbers dip.

How that will fly with consumers remains to be seen when the service launches sometime in Spring. "If anything points to the future that ESPN looks like, it will be this app and the experience it provides", he said. With Fox under Disney's belt, coupled with a new streaming service poised to kickstart by next year, the "content king" has paved "a clear runway to gain market and mind share from the likes of Netflix". We had hoped there would be more slicing and dicing of the rights to give a wealth of different purchase options (e.g. buying an incremental National Hockey League pack or an MLB pack) but perhaps this will the next version of the service. And they'll be paying $4.99 a month for the streaming subscription itself.

ESPN Plus which will live stream sporting events that aren't broadcast on the primary ESPN stations.

The streaming service will also include ESPN's popular 30 for 30 documentary series, which focuses on sports personalities and events throughout history.

Fueling the growth was the 2017 openings of Minion Park in Japan and Orlando's Volcano Bay, as well as The Wizarding World of Harry Potter that opened in 2016 in Hollywood, the company said. The company added that the price of its service will be lower than other streaming platforms since it wouldn't stream as many movies and shows as other services initially.

Related news:

Hot News

isis-killer-beheading-video-story-top Carlos Carvalhal talks up Sheffield Wednesday achievements
Feb 08, 2018 - 00:27
We will protect the players that might be a risk in the Premier League because our main competition is the Premier League. Abraham had struggled with form and a bad patch in front of goal.

isis-killer-beheading-video-story-top Sound Off: Who Wants Another Government Shutdown?
Feb 08, 2018 - 00:23
McConnell has said he will allow the Senate to debate an immigration bill on its own after Friday if the government remains open. Defense spending would increase by $80 billion this year, and $85 billion in the federal fiscal year that begins October 1.

isis-killer-beheading-video-story-top Azerbaijan and Saudi Arabia discuss prospects for development of military cooperation
Feb 08, 2018 - 00:21
The volume of bilateral trade during 2016-17 was recorded at $25.079 billion, a slight decrease from the $26.71 billion in 2015-16.

isis-killer-beheading-video-story-top Indian Army's intervention in Maldives baffles China
Feb 08, 2018 - 00:21
Yameen's opponents say his government has been too focused on consolidating power to deal with the threat of radicalization. In 2015 he was convicted under the anti-terrorism act of Maldives and sentenced to 13 years in prison.

isis-killer-beheading-video-story-top Latest iOS 11.3 beta adds battery health settings
Feb 08, 2018 - 00:21
However, in case your phone suffers a sudden shutdown, the slowdown feature will kick-in to prevent such situations in future. This will allow users of older iPhones with degraded batteries to enable or disable CPU throttling at will.

isis-killer-beheading-video-story-top Tronc sells LA Times, other publications for $500mn
Feb 08, 2018 - 00:20
Kirk becomes The Times' 17th top editor since the paper began publishing in 1881-and its third in the last six months. Kirk replaced Lewis D'Vorkin, who was moved to the position of chief content for digital and mobile customers.

isis-killer-beheading-video-story-top Pari teaser: This frightening teaser proves why it's not a fairy tale
Feb 08, 2018 - 00:19
Pari is co-produced by Anushka's banner Clean Slate Films and Prernaa Arora and Arjun N Kapoor's KriArj Entertainment. Anushka is now filming Aanand L Rai's movie Zero , co-starring Shah Rukh Khan and Katrina Kaif .

isis-killer-beheading-video-story-top Researchers Discover an Astounding Maya 'Megalopolis'
Feb 07, 2018 - 01:58
Researchers believe the area was very densely populated, and some have suggested that the Mayan populous numbered over 10 million. Now researchers have discovered lost cities and structures near a Guatemalan jungle using the same cutting-edge technology.

isis-killer-beheading-video-story-top Ceasefire violations will cost Pakistan dearly: Minister
Feb 07, 2018 - 01:56
The heavy shelling by the Pakistani troops took place along the Line of Control (LoC) in Bhimber Gali sector of Rajouri district. Rajnath condemned Sunday's firing and said he has full faith in the valour of the Army that will "give a proper reply".

isis-killer-beheading-video-story-top Britain 'categorically' leaving customs union after Brexit, Downing Street insists
Feb 07, 2018 - 01:55
Mrs May has made clear she will resist European Union proposals for these people to be entitled to settle permanently in the UK. A senior government source told BI on Sunday evening: "To put this to rest, we are categorically leaving the customs union".

isis-killer-beheading-video-story-top Spiders Had Tails 100 Million Years Ago, Fossil Shows
Feb 07, 2018 - 01:53
Fossil hunters found the extraordinary creatures suspended in lumps of amber that formed 100m years ago in what is now Myanmar. Scientists believe the tail was longer that its body and was used as a sensory device to seek out prey or escape predators.

isis-killer-beheading-video-story-top Ronald Koeman Appointed New Manager Of Netherlands National Side
Feb 07, 2018 - 01:53
Koeman's first press conference was immediately announced by the KNVB, and he was set to speak about his new role at 3.30pm GMT. We did not qualify for this World Cup or the last European Championships but we still have a lot of good players.

isis-killer-beheading-video-story-top How To Import Custom Wallpapers via USB To PS4
Feb 07, 2018 - 01:52
On top of that, pressing the "square" button will let you change up volume controls for both Spotify and PlayStation Music. The Quick Menu is being made, well, more quick to navigate in update 5.5 with the ability to access custom friends lists.

isis-killer-beheading-video-story-top It's Getting Harder to Buy Your Favorite Country CDs in Stores
Feb 07, 2018 - 01:47
While Best Buy has said they're just going to drop CDs cold turkey, Target is taking a slightly different approach. According to the publication, the company's CD sales are only generating a paltry $40 million annually.

isis-killer-beheading-video-story-top Nuclear plan: China accuses U.S. of 'Cold War mentality'
Feb 06, 2018 - 15:28
There's a place for arms control in the Trump administration's new nuclear strategy. Only one country has ever used nuclear weapons against another country.