Disney profit beats estimate on strength in parks business

Posted February 08, 2018

Iger says this interface will feature more cutosmtization and personalization than past attempts.

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".

The new app could help take the focus on ESPN business from its declining sub base in traditional TV to its new streaming model.

BAMTech, in which Disney acquired a majority stake late a year ago, is building the "guts" of Disney's apps, Iger said, but editorial oversight is being handled by Disney.

The final nails of the terrestrial television coffin are slowly being hammered in as the major networks and sporting leagues drag their feet to offer more affordable live streaming options.

ESPN Plus is expected to be available to mobile subscribers via Apple's iOS, Apple TV, Google's Android, and Chromecast.

ESPN's operating income was down because of lower ad revenue, partially offset by higher affiliate revenue and lower programming costs.

When is halftime of Super Bowl - what time does it start?
It was rumoured that Timberlake could collaborate with Janet Jackson to recreate his first Super Bowl show back in 2004. Like all performers before him, Timberlake was tight-lipped about what we might see at halftime of Super Bowl LII .

Iger also said the company is close to announcing the first Star Wars project and that "significant" talent is attached to the projects. The company also announced that its direct to consumer streaming offering ESPN Plus will be priced at $4.99 a month. Revenue totaled $15.35 billion, a 4 percent increase.

The service is created to help ESPN forestall the negative effects of subscriber drop-off, as more and more viewers choose over-the-top streaming services over traditional sports and cable packages. Users will have to subscribe to those ESPN channels via other means, including cable TV.

Disney continues to crush it with its theme park business, reporting a big 13% jump in revenue during the three months ending in December when compared with the same period the year before.

Disney wants even more control over its content, including ESPN.

BAMTech, which Disney has invested billions of dollars in, and runs streaming for HBO, MLB, WWE (WWE - Free Report), will power this new service.

The over-the-top service will feature popular U.S. sports such as Major League Baseball, NHL, and Major League Soccer, as well as events not now featured on the main ESPN channels like rugby and cricket.

Recently in Health Care