Disney Q1 Results Positive, Adds New ESPN App

Will Disney’s streaming service roar – or squeak

Will Disney’s streaming service roar – or squeak

That adjusted earnings per share figure accounts for the recent tax overhaul and other one-time benefits totaling about $1.6 billion.

Revenue grew 4% to $15.4 billion, largely helped by major gains at its parks and resorts units, which soared 13% to $5.2 billion.

Chief Executive Bob Iger said: "We're excited about what lies ahead, with a robust film slate, the launch of our ESPN direct-to-consumer business, new investments in our theme parks, and our pending acquisition of Twenty-First Century Fox".

With traditional cable TV subscriptions in decline, Iger boasted that ESPN Plus will let sports fans access the network's content any way they want.

Top 100 OLB Quay Walker teases of Tennessee commitment, flips to Georgia
The signing is just another notch for Georgia, who are having one of the best signing days in the star era. Everything is coming up roses for Kirby Smart after Georgia made the National Championship last season.

Scores, highlights, shows like Pardon the Interruption, and ESPN films - including the acclaimed 30 for 30 documentaries - will also be available on the service.

Iger made the announcement while speaking to CNBC, confirming that the streaming service will be called "ESPN Plus" and come this spring, alongside a "completely revised and redesigned" ESPN app. The decrease in operating income was due to lower advertising revenue, higher production cost write-downs and a decline in program sales income, partially offset by affiliate revenue growth due to rate increases. Iger is also enthused about the next Marvel movie, Black Panther, which has been getting strong word of mouth and praise from critics. The service is the first direct-to-consumer offering from ESPN and was originally teased a year ago... Beyond existing IP, Disney announced on Tuesday that Game of Thrones creators David Benioff and D.B. Weiss will write and produce a new series of Star Wars films. The apps will also be an opportunity for Disney to exploit all of the Fox content Disney acquires once its $52.4 billion purchase of Fox makes its way through the federal regulatory process.

Steven Cahall, an analyst at RBC Capital Markets, said: "We see good momentum in Disney's results that support a long-term rerating story around streaming/direct to consumer".

Last year, Disney announced its plans to launch a pair of streaming services - one to represent its own branded content and one to represent ESPN content.

Recommended News

  • Palestinian killed after stabbing attack in Hebron

    Palestinian killed after stabbing attack in Hebron

    Zaamara's family home in Halhul was raided by Israeli forces in the aftermath of the attack. At least 22 Palestinians and two Israelis have died since the December 6 announcement.
    Services held on 60th anniversary of Munich air disaster

    Services held on 60th anniversary of Munich air disaster

    Around 2,000 fans gathered in Germany for a fan-organised ceremony attended by club ambassador Denis Irwin. Busby, who begot his side of young stars their nickname, was seriously injured in the crash.
    Google is reportedly working on a cloud gaming service called 'Yeti'

    Google is reportedly working on a cloud gaming service called 'Yeti'

    Codenamed Yeti , the service would deliver playable titles via the internet to gamers, but beyond that we aren't sure about much. The project has gone through multiple iterations, including one that would have worked with the Chromecast , the report said.
  • The Board of Wynn Resorts Needs to Go, Too

    The Board of Wynn Resorts Needs to Go, Too

    The Chinese territory is particularly significant for Wynn Resorts , accounting for the large majority of its revenue and profits. Tightening the gaze, stock performance for the last 5 trading days is -4.77%.
    Two children die from the flu in Wichita

    Two children die from the flu in Wichita

    Of the four flu deaths in DE this season, two have been Sussex County residents and two have been New Castle County residents. One out of 14 doctors visits, a patient is complaining of flu symptoms, the highest amount in nearly a decade.
    Schiff: House Intel 'United' That Bannon Should Answer All Their Questions

    Schiff: House Intel 'United' That Bannon Should Answer All Their Questions

    Former White House strategist Steve Bannon is planning to skip a closed-door interview on Tuesday with a U.S. President Donald Trump now has five days to decide whether to allow the Democratic memo to be released.
  • U.S.  drops record number of bombs in Afghanistan

    U.S. drops record number of bombs in Afghanistan

    Air Force Major General James Hecker, speaking to reporters in a video teleconference from Kabul, said on February 7 that U.S. The airstrike was meant to "destroy insurgent revenue sources, training facilities, and support networks".
    Cavaliers trade Dwyane Wade to the Heat

    Cavaliers trade Dwyane Wade to the Heat

    Three games into the regular season Wade moved to the second unit, becoming the leader of Cleveland's productive Bench Mob. Miami is clinging to the seventh seed in the Eastern Conference, a game up on both Philadelphia and Detroit.
    Carter Page Who Once Bragged About Advising Kremlin Backtracks

    Carter Page Who Once Bragged About Advising Kremlin Backtracks

    Page said. "We were part of an informal group - meeting in Geneva, Paris, we had a meeting in the New York Stock Exchange". President Trump himself cited the FBI's harsh treatment of Clinton as a reason to fire then-FBI Director James Comey .
  • Pharmac widening access for Truvada for the prevention of HIV infection

    Pharmac widening access for Truvada for the prevention of HIV infection

    He said his new employer pays for his PrEP prescription, which costs about $1,500 a month for individual buyers. It's typically prescribed to HIV-negative gay men and those at high risk of infection.
    Almost  11.8M enroll in Obamacare in 2018

    Almost 11.8M enroll in Obamacare in 2018

    The standouts included Rhode Island, which saw a 12.1% increase, and Washington, which had 7.7% more people pick plans. A central pillar of the health reform law, the mandate requires almost all Americans to get coverage or pay a penalty.
    Zuma's Office Denies Claim He Plans to Fire Ramaphosa as Deputy

    Zuma's Office Denies Claim He Plans to Fire Ramaphosa as Deputy

    Opposition lawmakers have shouted him down or been ejected from the chamber by security guards in a melee of flying fists. But Jacob Zuma , whose tenure has been engulfed by corruption scandals , may face a fresh move to replace him tomorrow.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.